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Now consider how to obtain one customer that changes the economic potential of your enterprise so much that it becomes practical to accomplish an overall 96 percent cost reduction after gaining just that one customer.
I chose this topic after thinking about how often the conventional wisdom ... Views: 1359
What is an overhead cost? Definitions vary, but most people agree that any cost not directly used to produce or to supply an offering to a customer is an overhead cost.
Why begin this lesson about zero-based analysis with eliminating overhead costs? Such costs are not only large, but overhead ... Views: 1497
I was inspired to consider this question in 2008 when the two largest newspapers in Boston featured a headline that the larger of the two, The Boston Globe (which was owned by the same company that published The New York Times), had threatened to shut down the print version of the paper and to ... Views: 1365
This article examines sponsorships and advertising as methods for making cost breakthroughs and generating extra revenues. Let's start with sponsorships.
What do I mean by a sponsorship? It is any way to combine recognition with providing access to desirable prospects and customers for ... Views: 2273
How can you gain enjoyment and accomplish more in your business career? It's easy: Just search for more of what you like ... and then do more of what you find.
Let me explain by starting with what I don't mean: I'm not suggesting that those who love to eat chocolate ice cream at work seek out ... Views: 1328
Thermoforming is the process of taking a sheet of plastic and heating it into a more pliable form. Then it is placing into a mold in order to shape it into a desired form. The plastic is then trimmed around the form to create a usable plastic product. The plastic film is then heated under high ... Views: 913
Here's a common problem I see among my clients, and women in general.
I don't want to be pushy.
I don't want to toot my own horn.
The clients who tell me this are so worried about it, that they have fled in entirely the opposite direction and have become invisible.
Here's the problem ... Views: 5051
Entrepreneurs are individual who organizes, operates and assumes the risk for a business venture. An Entrepreneur Education takes a creative idea and transforms it into a commercially viable business. It involves creative thinking and innovation to design products or provide services. All ... Views: 2930
Business liability insurance isn’t a luxury. It’s a necessity, unless you like lawsuits.
You’re a physical therapist with your own business. You’re crushing it in your biz and then boom! Out of nowhere, one of your old clients sends you a letter and is suing you. Oh man! He’s suing you ... Views: 994
I have the opportunity to speak with scores of women around the globe about smart ways to grow a successful business. One of the best ways to grow your business and collapse your time frame is through joint ventures. A joint venture is where you and another business owner come together for an ... Views: 1232
A chief financial officer (CFO) is an officer that leads the finance department of a corporation or a company. CFO is responsible for financial planning, analyzing the financial data and managing the financial risk. The findings of Expert CFO are sent to higher management for future decision ... Views: 794
Have you ever provided your name and email address for receiving a Quote for Insurance OR Refinancing a Mortgage?
Have you ever watched a FREE presentation/Webinar after providing your name and email address?
Have you ever bought products online?
If you answered YES, then I am sure you must ... Views: 1711
When I transitioned from and employee to an Entrepreneur, I felt very uncomfortable to set a financial goal, as I was afraid of not reaching the goal. When I was an employee, I was mentally programmed to get paid for the hours I worked. However, that is not the case for an entrepreneur. As ... Views: 1949
I’ve been watching something happen lately and it seems that the more our fear rises the more this issue has just gotten out of hand. It typically comes up behind closed doors in one of those private conversations I have with a client or a colleague who has hit the wall. The conversation starts ... Views: 1529
Of course it is very exiting to have a great idea. Many people who contact UB Solution think that this is enough in order to get money, unfortunately in reality it is very questionable.
You need to keep in mind that any real investor is a business person usually with an experience in ... Views: 1759
It's useful to want to build a major business by adding onto the base of your initial breakthrough. But what does that look like in practice? Let's examine the case history of Education Management to better understand the principle involved.
Commercial art had been defined historically as ... Views: 1340
I just started teaching a new class of aspiring entrepreneurs. One of them asked at the end of the first meeting, "Are you going to tell me what's the best business for me to start?"
He was surprised when I said "no" and told him, instead, about places where he could find lots of statistics ... Views: 1283
Any gift sent to customer will speak about your business. That is why promotional products have to be selected carefully as it leaves an appeal. Promotional calendar is a lead in promotion and remains cost effective. Statistics show that on an average four calendars are been used in household ... Views: 603
“Moral Hazard” is a term coined by banks and insurance companies to determine the economic risk they face when they lend or insure a property for more than the property is worth. This has been a growing problem during the recent lengthy recession . . . and may also pose a risk to you ... Views: 1570
As a baby boomer woman, I was raised in an era when women were encouraged to fight for equality. Strive for independence. Seek career success. Be paid the same as men. Break the glass ceiling.
And, like many women my age, that is the path I chose.
I put myself through college. Set my sights ... Views: 1284
Do you consistently get up in the morning drive through the bottleneck of traffic to get to those morning networking meetings and wonder why you’re making the effort? Week in and week out, millions of business owners make the effort to keep their networking commitments so they have a crack at ... Views: 1075
What do you do on the weekend for a wake up call? Alarm clock radios, wake up calls in hotels, travel alarm clocks - are all of these heading for the extinct list? Smart phones and web based services are how many people who require an assist to wake up find their help.
Do you set an alarm ... Views: 1147
IT or tech, is somewhat interesting thing for some while most of us as far as new developments are being unveiled, and tech IT blog are facilitating the people, not only by providing awareness about the latest technological trends but they are also a great source for valuable information, but if ... Views: 944
I have the good fortune to listen and learn from women all around the globe about their big ideas, dreams and goals and a common theme is women start businesses based on their values and a desire to make a difference in the world. The idea of giving back or helping others is exciting and it gets ... Views: 1511
Goals are a very accepted and highly promoted way of accomplishing what we want in life.
It’s no wonder so many people advocate and practice goal-setting. Nearly every coach or mentor I’ve encountered and every success seminar I’ve attended advocates setting goals. And not only setting them ... Views: 1583
From time to time, all of us find ourselves in the situation where we may need to make a little bit of extra money. There are some things that can be done in order to put some money in your pocket relatively quickly although some of them are going to require more work than others. If you find ... Views: 972
Employee disengagement is a malaise that can strike any organization at any point of time and it is best to stem the rot at the inception rather than end up fire-fighting.
In the first part of this series "The Warning Signals of Employee Disengagement", we looked at the factors that incite ... Views: 1828
I was once told by a clairvoyant that I would always have enough money, that he saw two pots of money next to me, and when one was empty the other one would be full. I had forgotten all about this, until my brother reminded me of it a year or so ago when I was talking about my financial ... Views: 1273
Any company that wants to increase market share focuses on providing top-notch service. Not all companies, however, understand that every employee contributes to providing that service. While it’s easy to focus solely on customer-facing employees when considering improving customer service, we’d ... Views: 1481
Entrepreneurship is a professional that should be embraced by people. Are you embracing it? Of course, successful people inspire us. They make us believe that we can achieve what they have achieved. They increase our hopes of becoming successful. There are myths about being an entrepreneur, ... Views: 6665
There are certain characteristics of entrepreneurs that lead them to being successful at what they do! For starters and just to dispel the myth, successful entrepreneurs are 'born' they are NOT made! For people who assume otherwise this should be good news and will hopefully motivate them onto ... Views: 1442
How often do you get to the end of the day and realize that you haven't gotten what you really needed to get done? We don't know about you, but we used to suffer from the malady referred to as the "shiny object syndrome" - getting distracted by ideas and tasks that take us away from the bigger ... Views: 1647
One thing we have learned from experience is that once you have passion, fire and purpose behind your desire, the actual decision or "resolution" to fulfill your desire comes much more easily and with a "firmness of purpose".
The way we see it is, when you finally get down to the point of ... Views: 1486
We're sure you've heard that our ancestors were "hunters and gatherers". That goes back to the time of the caveman. The theory goes that "the men would go out into the wild to hunt down the beast and the woman would gather what they could, but staying close to the safety of the cave."
Even ... Views: 1515
Though the revolution in the industry department has given us many advantages like job opportunities and others, the smokes from these factories are polluting the air and the environment is getting spoiled. The biodegradable oil is the only solution for this purpose and it is very friendly to ... Views: 777
Being self-employed and running your own business can be hugely rewarding. If you’re not careful though, it can take over your life. If you’re spending your time obsessing about the next opportunity to deliver your elevator pitch or pass out your business card, you could be ready for a ... Views: 1228
Q: I have a team of 11 sales reps who have all been working for me for the past 5-10 yrs. I know I should be holding regular meetings with them, but I’m stuck on what to talk about each week.
– Bob Kelly
... Views: 1240
Students get noticed; build your life, career and network. Well at the moment it's June 2012, in about four months time thousands of Australian students will be sitting their final exams at various educational institutions around the country. Obviously hoping they achieve an excellent result but ... Views: 2805
Teleseminars,Teleconferences & Online Automation
Teleconferences, which are ideally group phone meetings, have initially been used by large corporations and government agencies. However, as prices continue to plummet, small business owners increasingly conduct meetings, training sessions, and ... Views: 1247
It’s not only the time of year to plant flowers and spruce up your outdoor living space, it’s also the half-way mark for businesses. It’s the perfect point to assess whether or not your plan is working and make any course corrections. As the saying goes, you can’t manage what you don’t ... Views: 1105
Do you want to generate more profits in 2012? (Yes, who doesn’t?)
As small business owners and Entrepreneurs you are acutely aware of keeping your eye on the bottom line. If you want to raise that number of what’s left over at the end of the year there’s 3 ways you can go about it.
1. ... Views: 1339
For most small business owners and Entrepreneurs sustaining business growth in today’s economy can feel like you’re treading water — which is unnecessarily exhausting when you’re doing those 52 weeks a year.
A well thought out marketing plan to attract new customers is important factor to ... Views: 1463
Financing a business in Canada. A challenge? Let's just say that's an understatement when it comes to working capital, debt, and ongoing management and recognition of finance problems and opportunities.
Are there some ' Golden Rules' we could follow. We think so.
One of the golden rules ... Views: 1106
Leasing rates for equipment lease pricing and finance in Canada. Abracadabra! We wish it were as easy as that one word magic phrase to get the best rate for your equipment finance transaction!
But in reality its not that hard to ensure you have the best financing rates if you understand the ... Views: 979
It seems like most of my life I’ve expended a great deal of energy and attention on trying to control others and everything around me.
I kept a diary growing up. One entry read, “My mom got mad at me today. I’m going to promise to be a better person so she won’t get mad at me next time. ... Views: 2902
The oft-cited question someone preparing to go into business asks is, “Where will I get the money?” Most people think it takes a substantial investment to earn a profit in business. But that is not the case. You can earn money online without investment. The fact is, the the vast majority of ... Views: 1598
Industry prices are only part of the story
Paperback books typically sell for around $15-20 and most people would look at industry rates in setting prices for that type of product. However, that is not the only thing we should consider in terms of price setting. Business owners often think ... Views: 769
Social networks are a great tool to leverage when you need to find new clients for business but some social networks are much more effective at helping you find new clients than others, take LinkedIn for example. Unlike the odd bunch you find on Facebook usually there to have fun and interact ... Views: 1636
Recently I watched a somewhat cheesy movie, Rockstar, where Mark Wahlburg plays an obsessed cover band singer who is impersonating a popular 80’s heavy metal band. Chris, the main character, takes his role so seriously that he learns everything he can about the lead singer – and completely ... Views: 1514
This July, 401k participants will receive more disclosures about the fees they are paying inside their 401k plans.
The Department of Labor wants more transparency and more disclosure on what kind of fees employees are paying inside their 401ks. Why? Because many employees have no idea how ... Views: 1431