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
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?
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
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?
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
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.
Cracking the customer service secret
consists of talents,
skills, and knowledge residing among employees. And the
really successful ones
fall down a lot! Command decision
making is the
traditional top-down, hierarchical management model. The old-fashioned
way of doing
everything yourself, working hard, and using your own money isn't always the fastest way to grow your net worth and cash-flow.