Cracking the customer service secret

Other companies require much smaller amounts of capital to finance their ongoing operations. Save your best material for the words you speak. You're in the People Business! This discrepancy exists because our unconscious, intuitive mind is aware of things our conscious mind is not.

Some of those who come later will fall by the wayside

Only after you know the exact amount of your company equity or capital investment can you determine the return on investment you want to shoot for. In your company, in your production or field crews, a similar huddle is a must if you want your teams to be winners. Tell the investor why you need the money. Your job is to explain what's expected and then provide feedback regarding their progress.

What are your gross and operating margins?

Once upon a time suppliers were often happy to extend credit to new businesses; in other words supply them with the product they needed to buy and then invoice them for payment thirty days later. Or you can make people your top priority. Looking at things in your plan through rose-colored glasses may even doom your business to failure if it causes you to seek insufficient startup capital, underprice your product or service, or expect unrealistically rapid growth. Ordinarily this would be a given and not necessarily a matter of grave concern.

Your most unhappy customers are your greatest source of learning

They are a great low-cost alternative to hiring a real receptionist and installing him or her in a real office, and they give a much better impression than you wheezing down the phone while running for a bus. Leverage ratios measure the financial risk in an organization by comparing debt to equity or debt to assets. Passive assets can include owning stock in growing and successful public or private companies. Eventually, the consumer may face financial ruin and have to make a major correction by selling off assets or declaring bankruptcy.

Is your production crew cost rate accurate?

BUT, are you making enough money on your equipment to make it worth your while? You ll detect and understand their problems, goals, and motivations, and then be better suited to create the best solution (product) for them. There is no money in competing for the middle of the triangle. The justification of interest lies in the fact that men prefer present goods to future goods--a bird in the hand is worth two in the bush--and interest is the difference in value between the two at the present moment; it is time value.