Yet they stay in business and keep doing what they know how to do because they don't know what else to do, how to fix it, and can't afford to try anything else. Inform them what you'll do for them. If you can t find an answer, you may wind up like private aircraft manufacturers, many of which were forced out of the business by increases in lawsuits following crashes. Focus on making a profit, hold people accountable, delay marginal buying decisions, say no to tempting jobs or potential customers that look risky, don't let people waste money, let go of your poor-performing employees quickly, know and watch your numbers, know your break-even point, watch your cash-flow, seek profitable customers and projects, be firm and tough on suppliers and subcontractors, and document every order and agreement in writing.

Stay informed of all schedules and deadlines

About 80 percent of business owners do not know what their employees really cost per hour. But it is better to suffer a loss at one's own hands than to have a competitor introduce a product that takes away those same sales. Business-builders are not task- or project-focused. However, your business plan is more than insurance.

No ideas to differentiate your Customer Service Department?

Forget the economy, folks. If, for example, you are in the fashion, food, or design industry or you are creating a new product, your visual image will certainly be worth a thousand words. You also may find inconsistencies in a working plan that you need to address as you move forward with your business planning. In order to increase prices, you need to offer something DIFFERENT than your competitors.

Get around limitations by conducting original research

Relationships grow when you are together having fun, enjoying a meal or event, or discussing ways to help each other. Young men, would you scorn to row a boat for a living? The more you do for your customer, the more business you'll do with your customer over time. Learn how to make your money work for you.

Document why your idea will work

But there are downsides to starting a business in booming economies, including the fact that unemployment is usually low (which means good employees are hard to find). Want to double your business? You have to highlight your product s most compelling characteristics, such as low cost or uniquely high quality, that will make it stand out in the marketplace and attract buyers willing to pay your price. Partners are like any other investor, and it would be a rare one who would come on board without some kind of plan.

Figure out what it costs you to obtain your product

However, despite its shortcomings, value measuring (i.e. Employees are too often hired based on what you hope they can do, regardless of their r??sum??s. An interesting development is underway as companies attempt to develop special tools for handling these problems. It s vital to know the costs of bringing a product or service to the customer and also the competition s pricing, but best to set a price based on the customers perception of value.