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Write You - 5 Tips for Maximum Business Success
Selling your business note for a lump sum is a viable option if you need fast money from your business. For most note holders, the game plan is simple: sell the company and then get paid monthly until it is paid off. It is a stable scheme, but some people cannot wait the entire term to receive their money. If you are one of them, why not cash in your business note instead? Here’s how to go a
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There are still only three ways to grow your business: Find more people to sell to, sell more to people when they buy, sell to people more frequently. This is obvious. Most people know this. Can you quickly and clearly articulate your plan for each of these three areas?
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A warehouse is a place where finished goods and other products are stored. These warehouses are plain buildings with large and enclosed spaces, located in industrial areas to facilitate easy accessibility when the need to use the stored products arises. They harbor a separate opening for trucks and delivery vans to simplify the loading and unloading activity. Since warehouses are enclosed, t
Be aware of what your competition is doing but don’t “compete” with them. To do so results in a game of “leapfrog” – this year your product’s a little better, next year, theirs is a little better, etc. This is a tough way to do business. This is the way to stay at breakeven or less. Instead, keep your focus on your customers and on how to “create” a better world for them. You’ll soon be so far ahead of the competition that it will just be you and your customers in the game. Where does one start in getting out of this game of leapfrog? That leads us to the next tip…
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Start the ball rolling with strategy. Developing a strategy – a plan of action to reach a certain destination or goal – is the start. Think of all the most successful businesses that you know of or have heard of. What is their strategy? They all have one. Some have referred to this as a big, hairy, audacious goal. This is how a business moves away from reactive mode and into proactive mode. This is how you “energize” your employees – they become a part of something that is bigger than themselves – really turning them on. Here are some questions to ask. What opportunities already exist that match and align with your strategy and will move you closer to its fruition? What new opportunities can be created to get you closer to the realization of your strategy? Now, apply massive action on ALL of these opportunities to win – and win BIG! Strategy is the start. But, to really bring it on home, you must remember…
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Everything that happens in your business is either a one-time project or an on-going process. If it’s a one-time project, that means your business better have one or more “project managers” who set up the satisfaction criteria, the inputs and outputs, the deliverables, the milestones, the budget, all of the things that go into the mix of a successful project – and you’ll find that projects are much more successful in your business and your business is much more successful. And if it’s an on-going process, that means people need to think through and document a “system”. Then, repeatedly communicate the system to everyone that is involved or related to the system and ask them to “think” of ways to improve and enhance the system. This puts your business on success-autopilot. This puts the success of your business in the hands of the “system” instead of in the hands of people who are doing their own independent thing.
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There are still only three ways to grow your business: Find more people to sell to, sell more to people when they buy, sell to people more frequently. This is obvious. Most people know this. Can you quickly and clearly articulate your plan for each of these three areas?
5.
Tr
We Americans celebrate at least a dozen holidays each year. And while only Christmas seems to bring most business (and other activities) to a halt for at least part of a day, each holiday should represent at least a heartbeat's pause for those of us celebrating to remember who and what the celebration is all about.If it's worth celebrating, it should be worth knowing why we are celeb
2.
Start the ball rolling with strategy. Developing a strategy – a plan of action to reach a certain destination or goal – is the start. Think of all the most successful businesses that you know of or have heard of. What is their strategy? They all have one. Some have referred to this as a big, hairy, audacious goal. This is how a business moves away from reactive mode and into proactive mode. This is how you “energize” your employees – they become a part of something that is bigger than themselves – really turning them on. Here are some questions to ask. What opportunities already exist that match and align with your strategy and will move you closer to its fruition? What new opportunities can be created to get you closer to the realization of your strategy? Now, apply massive action on ALL of these opportunities to win – and win BIG! Strategy is the start. But, to really bring it on home, you must remember…
3.
Everything that happens in your business is either a one-time project or an on-going process. If it’s a one-time project, that means your business better have one or more “project managers” who set up the satisfaction criteria, the inputs and outputs, the deliverables, the milestones, the budget, all of the things that go into the mix of a successful project – and you’ll find that projects are much more successful in your business and your business is much more successful. And if it’s an on-going process, that means people need to think through and document a “system”. Then, repeatedly communicate the system to everyone that is involved or related to the system and ask them to “think” of ways to improve and enhance the system. This puts your business on success-autopilot. This puts the success of your business in the hands of the “system” instead of in the hands of people who are doing their own independent thing.
4.
There are still only three ways to grow your business: Find more people to sell to, sell more to people when they buy, sell to people more frequently. This is obvious. Most people know this. Can you quickly and clearly articulate your plan for each of these three areas?
5.
Tr
Most culinary schools today are still teaching their students how to compute the wrong food cost. Granted the math is right, but the dollars involved are hurting the bottom line of our restaurants. The problem arises from the separation of percentage points and dollars.Banks Use Dollars, not Percentage Points One thing I am quite sure of is that banks do not accept per
3.
Everything that happens in your business is either a one-time project or an on-going process. If it’s a one-time project, that means your business better have one or more “project managers” who set up the satisfaction criteria, the inputs and outputs, the deliverables, the milestones, the budget, all of the things that go into the mix of a successful project – and you’ll find that projects are much more successful in your business and your business is much more successful. And if it’s an on-going process, that means people need to think through and document a “system”. Then, repeatedly communicate the system to everyone that is involved or related to the system and ask them to “think” of ways to improve and enhance the system. This puts your business on success-autopilot. This puts the success of your business in the hands of the “system” instead of in the hands of people who are doing their own independent thing.
4.
There are still only three ways to grow your business: Find more people to sell to, sell more to people when they buy, sell to people more frequently. This is obvious. Most people know this. Can you quickly and clearly articulate your plan for each of these three areas?
5.
Tr
Are you opening a dollar store? If so never lose sight of the importance of cost reduction. In fact cost reduction efforts should take place from the day you start your planning. One of the major areas of cost reduction focus is the lease agreement for the store.The lease negotiations and thus your opportunity to save money happen prior to opening a dollar store. While the actual leas
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There are still only three ways to grow your business: Find more people to sell to, sell more to people when they buy, sell to people more frequently. This is obvious. Most people know this. Can you quickly and clearly articulate your plan for each of these three areas?
5.
Tr
In this fast changing world we are living in, every minute is often crucial in solving our problems. There is no time for the less significant things we come across each and every day that goes by.The electronic signature capture is a very useful innovation, which keeps away the annoying waiting for a signature on a piece of document. This can be quite an obstacle in the normal flow o
4.
There are still only three ways to grow your business: Find more people to sell to, sell more to people when they buy, sell to people more frequently. This is obvious. Most people know this. Can you quickly and clearly articulate your plan for each of these three areas?
5.
Trying to sell “dimes for dollars” is extremely difficult and never works on a long-term basis. Selling “dollars for dimes” is much easier and will result in long-term business success. Think of the USE-VALUE that your customers are getting from your business. Now, are you trying to GET them to buy “dimes for dollars” or are you HELPING them buy “dollars for dimes”?
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