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I Advice - Keeping Your Profits
Ok, Here's the question. Is being self-employed all that it's cracked up to be? Ask anyone what they think about people who are self employed and I will guarantee you that the first response will be that they are all "rich". Yup, it's true, every self employed person is rich or suppose to be, baloney! Now, ask that same question of a dozen self-employed entrepreneurs and I bet you that you will hear twelve different responses.Before working for the "man", I was se
It is important to be always looking for the possibility of expanding into other associated or relevant spheres. By doing this you would be continually expanding your product/service range. If operated efficiently, you would increase your pr
It's not so difficult to have readers who love what you do -- clients and potential clients who look forward to receiving your newsletter every month.Success is down to just one simple rule.Like many rules, this one is very obvious.I frequently speak with people who are thinking of launching a newsletter for their business. Smart move, of course.The conversation always moves on to content. What sort of articles should be in the newsletter?
It is, however, unfortunately, quite common for profit opportunities to be:-
Missed.
Not developed.
Squandered.
Given away and not grasped when the chance arises.
As an example let us examine the way Supermarkets operate today and how they operated when they first started to appear. When they first started they had a very limited range to offer, most of them had household and food products that were mainly low value, high turnover items with a relatively short shelf life.
Today they stock an enormous range of goods that vary greatly in value, stocking requirements and space. But they all have one thing in common, each article or product produces a PROFIT.
If you were to operate your business along the same lines as a Supermarket, but on a very much smaller scale, you would be continually on the look out for profit opportunities within your sphere of business.
It is important to be always looking for the possibility of expanding into other associated or relevant spheres. By doing this you would be continually expanding your product/service range. If operated efficiently, you would increase your pro
If you're the owner of a small business, the thought of creating a company newsletter or ezine can be a little scary. If you have little or no graphics design experience you may not know what to do to create a professional looking ezine or newsletter, and not one that screams, "I DID THIS ALL BY MYSELF!"One way around this it to hire someone to create the newsletter for you. But not every small business owner has the funds for this. Still, a company newsletter is one
Missed.
Not developed.
Squandered.
Given away and not grasped when the chance arises.
As an example let us examine the way Supermarkets operate today and how they operated when they first started to appear. When they first started they had a very limited range to offer, most of them had household and food products that were mainly low value, high turnover items with a relatively short shelf life.
Today they stock an enormous range of goods that vary greatly in value, stocking requirements and space. But they all have one thing in common, each article or product produces a PROFIT.
If you were to operate your business along the same lines as a Supermarket, but on a very much smaller scale, you would be continually on the look out for profit opportunities within your sphere of business.
It is important to be always looking for the possibility of expanding into other associated or relevant spheres. By doing this you would be continually expanding your product/service range. If operated efficiently, you would increase your pr
To begin, let’s define “Brand Identity,” which is the combination of consistent visual elements that are used in your marketing materials. A basic Brand Identity Kit consists of a logo, business card, letterhead, and envelope. It can be extended to include a website, brochure, folder, flyer, or any other professionally designed pieces.Having a Brand Identity is incredibly important to your business’s success. However, many business owners have some misconceptions abo
Today they stock an enormous range of goods that vary greatly in value, stocking requirements and space. But they all have one thing in common, each article or product produces a PROFIT.
If you were to operate your business along the same lines as a Supermarket, but on a very much smaller scale, you would be continually on the look out for profit opportunities within your sphere of business.
It is important to be always looking for the possibility of expanding into other associated or relevant spheres. By doing this you would be continually expanding your product/service range. If operated efficiently, you would increase your pr
I hear four questions asked about leadership often. This article gives a short answer to each of these important questions.Why Does Leadership Matter?Parents universally hope that their children develop leadership qualities. They know that leaders are people who are effective in what they do, are respected by others, and typically rewarded for those skills in a variety of ways. It is in these formative years that, through our parents, we first see le
If you were to operate your business along the same lines as a Supermarket, but on a very much smaller scale, you would be continually on the look out for profit opportunities within your sphere of business.
It is important to be always looking for the possibility of expanding into other associated or relevant spheres. By doing this you would be continually expanding your product/service range. If operated efficiently, you would increase your pr
Recently, I’ve written some articles blasting customer service units that don’t provide service.I chronicle how I haven’t been able to get a capable service technician out to repair a brand new clothes dryer, and we’re going on three weeks, two missed appointments, and about eight loads of laundry that had to be transported and then retrieved several miles away, just so I could use them.I mentioned that there are ten major LIES that service folks tell, ranging
It is important to be always looking for the possibility of expanding into other associated or relevant spheres. By doing this you would be continually expanding your product/service range. If operated efficiently, you would increase your profit centres and therefore the value of your business.
Profit can come from several sources into your business, many of which are not exploited because of the lack of knowledge, time, space, staff or various other reasons, but a progressive, efficient and well managed business will be constantly on the lookout for profit opportunities and overcome the reasons for not taking that opportunity.
No matter how you make your profit, whether it be from the sale of goods, services, information, knowledge, skills, labour or any other way, you must always aim to achieve the best possible return on your outlay.
Profit margins are usually determined in the main by the type and nature of your business .But that does not determine your profitability. Your efficiency and management determine your profitability.
As we said in the opening chapter it is essential to PLAN every aspect of your business in the greatest possible detail so you know what you want to achieve in advance and you are able to monitor your performance as you progress. In other words YOU
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