Happiness at work comes from being motivated. Business is not easy! This causes them to take on lesser quality products, tougher customers, and work at too low a margin to cover their actual costs. Remember the old saying 'Measure twice, cut once'?
You can have your cake and sales, too
Profit
can be used
to help you through tough times. Cornelius
Vanderbilt plied a
boat between Staten Island and New York. Why
aren't you doing
it? Ask
yourself those same
two questions.
Ideas are commodity. Execution of them is not
Communities,
as well as
people, are subject to fads, and your idea may be yesterday s fad. Those
who realize they
are actually in the people business make lots of money. There
is no money
in competing for the middle of the triangle. Using
heuristics to guide
choices is effective when those heuristics are based on prior experience and are thus the result of experiential learning.
Don?t spend money on Strategy before you?ve made it
Are
your people as
efficient as they should be? The
more decisions you
make for people, the fewer decisions they make for themselves. Think
opportunity. If
you become popular,
the people will come to you; but at first you must go to them.
Do you feel confident in Purchasing
Get
started small.
Most
businesses use accrual
accounting. Some
of these resources
may be adapted to meet the requirements of particular counterparts but others will have wider relevance. Even
if it looks
like it ll take an air strike to keep your business from getting started, you don t want to do it if the numbers say that long-term it s headed nowhere.
5 ways facebook destroyed my Business without me noticing
Just
raising questions can
sometimes lead to a solution, or at least ensure that if conditions change you won t be forced to make decisions hastily. Men
will trade most
where they can do best. Even
if you don
t learn anything new, getting a firm handle on your goals and objectives is a big help in deciding how you ll plan your business. Calculate
the exact cost
for every piece of equipment you own.