5 Product or Service Pricing Tips
Share1. When you have a product basically the same as all of your competitors, it is how you treat your clients that will make you stand out from the crowd. If you do what you do well for them, and go that extra mile in customer service, your clients with actually pay you for the [...]
What Do You Do If You Have a Great Concept But Need Funding?
ShareWhat Do You Do If You Have a Great Concept But Need Funding?
You have a new “Concept” or “Idea”. Congratulations! Now what do you do?
If the acquisition of capital is your primary goal for your business, then let’s take a step back and see what you need to do.
Many entrepreneurs become so excited with [...]
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Did You Know – A Business Plan Can Make You Money Whether You Put It Into Action Or Not?
ShareDid You Know – A Business Plan Can Make You Money Whether You Put It Into Action Or Not?
I am often amused when someone claims they don’t need a BP (Business Plan) because they “fly by the seat of their pants”, or “a BP is a waste of time”; then smugly point out they have [...]
5 Basic Steps Defined for Long-Term Profitability
Share5 Basic Steps Defined for Long-Term Profitability
In case you hadn’t noticed, many articles, experts, textbooks, etc. tell you that you are “confused” if you don’t subscribe to their particular definition of business terms. I too have my set of definitions, and because this is my Blog you will find them listed below.
Please understand that my [...]
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2 Kinds of Business Owners – Which Are You
Share2 Kinds of Business Owners – Which Are You?
The first business owner fully understands the numbers required to run a company. He knows to the penny the start-up and general expenses, cost of goods, and the break-even point. He sees the trends and how the customers are responding to the company’s marketing and the employee [...]
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4 Points Identify Your Target Market- Part II
Share4 Points Identify Your Target Market- Part II
During our original discussion of “Identify your Target Market” we narrowed it to 4 main points:
1. Become a specialist! One of the first things you need to do is refine your product or service so you are NOT trying to be ‘all things to all people.’
2. Next, you need [...]
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Identifying Your Target Market
ShareIdentifying Your Target Market
Take a good, objective look at your product and service – then ask yourself…
“Who are, or who will be, my customers?”
Passion – Does it Make a Difference?
ShareIf you are passionate about what you are doing, does that mean you are going to be more successful?
Yes – and – No.
Yes. If you are passionate about what you are doing, you possibly have a greater chance to be successful. One of the biggest reasons is that you are much less apt to resent [...]
YOUR LIABILITY WHEN PROVIDING or CHECKING REFERENCES
ShareEmployee References
Inc. Newsletter, Inc. Magazine
Related Terms: Employee Hiring
Employee references are the positive or negative comments about an employee’s job performance provided to a prospective employer. In most cases, a prospective employer will contact a person’s current or former employer to seek references as part of the process of considering that person for a new position. [...]
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Business, Strategy, Marketing and Sales Plans Defined
ShareBusiness Plan: Two Plans in One
#1. The basic Business Plan lays out the factual, nuts and bolts foundation of your business. From that full blue print of your business, you may confidently:
Build your business
Implement on-going strategies
#2. Whenever funding is needed,
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