Give these good customers a reason to continue frequenting your business and giving your company referrals. Most people don't try new ideas on their own because they are afraid of making a mistake and incurring their boss's wrath, and because the way they're doing it works. In prisons today, prisoners often buy from and sell items to each other using cigarettes as an exchange medium. Study, not stars, but stairs.

Warning: these 10 mistakes will destroy your Business

Online retailers often take a long tail approach because they can be located in low-traffic, inexpensive areas where it is affordable to warehouse slow-moving items. Even the most modest new data on a market, client, or technology, when probed seriously, can provoke expansive new insights that point toward a more informed decision. Yes, it will probably cost a bit more per unit ' suppliers generally give discounts for larger quantities so initially your unit cost will be higher ' but it will also mean you can keep your money requirements really small. By such means thousands of people who cannot trust their own judgment in these matters, will be attracted to a place where they are certain to be treated fairly.

Finance: The Samurai Way

Bonds and bank loans are two sources of debt capital. So are new inventions. The wider business network is populated by informally or formally connected companies, such as strategic alliances, R & D consortia, joint ventures, certification networks and voluntary retail chains. Not unlike justifying expenses when sending your taxes to the IRS, you need to justify the amounts you are asking for and be specific.

Finance on a shoestring

Although having the latest and best is appealing, it is sometimes, or even often, better to push old technology to its limits than to feel obligated to invest in the new. Say a supplier s analysis of customer records shows it has a knack for developing long-term profitable relationships with moderate-sized companies that emphasize excellent service, price at a premium level, and provide only the best merchandise. Give yourself a raise. Start by making a list of your top customers.

How long have you owned the business?

And, if you can, sign them up to direct debit, which takes the money owed automatically from their bank account. And you ll need one of these to spell out the conditions of your partnership, no matter how well you and your prospective partner know, understand, and trust one another. Stress has many causes: tight deadlines, financial constraints, demanding customers, aggressive competition, and the expectations of work colleagues. If yours is faster and can help them get out of the office and on their way home more quickly, they want it.

Review questions or issues

This will improve your bottom-line as daily activities become better coordinated and focused on what end results are expected by team captains or foremen. Shortly after the meeting, distribute notes or minutes, organized in a format similar to the agenda. Is this all starting to make sense? Once you have determined whether you can launch and run a business for $20,000, $200,000, $2 million, or $200 million, you will be able to consider the various funding sources.