Be creative

Let not the smallest thing be done in a slipshod way. This can be investments, money, family, time, freedom, peace of mind, contentment, enjoyment, success, or owning a business that works for you. The reality is, of course, that the grass isn't always greener on the other side of the …

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Soaking the Rich

Procuring and maintaining adequate capital is crucial for businesses. Bonds do not represent ownership, but are used by corporations and governments to borrow money. It s also why you ve spent time defining the profile (avatar) of this niche. Human capital consists of talents, skills, and knowledge residing among employees …

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How to something your sales

You can, however, use your research, sales forecasts, market trends, and competitive analysis to make well thought-out predictions of how you see your business developing if you are able to follow a specified course. You can choose where to live in your home town or elsewhere and you have the …

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Investors want profit

In addition, your car, equipment, fixtures, and company vehicles are liabilities and not assets because they don't create positive cash-flow, and actually cost money to maintain. Invite them to ball games or hunting trips with you. A mission statement is a sentence or two describing the company s function, market …

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You may update your plan annually

This amazing talent pool is at your disposal. Many, many businesses never make it past the planning stage because their would-be founders, as part of a logical and coherent planning process, test their assumptions and find them wanting. Attempts by a single company to exercise control over wide areas of …

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Promotions need to stay fresh

There are reasons people want to work for your company. Your plan should take notice, however briefly, of the fact that you have received or applied for any necessary licenses and certificates. If you are looking for millions of dollars in seed capital to start a risky venture, you will …

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Be undeniably good

But most people who start small businesses aren't super-affluent to begin with ' after all, one of the attractions of achieving small-business success is building your own nest egg. Branding your enterprise consists of a good deal more than simply settling on a company label. Obviously, the customers avatars that you …

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Review questions or issues

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 …

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Have a realistic assessment of competitors

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. It is no good Ikea selling everything in its warehouse and then surveying the empty shelves and wondering what happens next ' it has to …

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High rates of return

Liquidity ratios compare short-term assets to short-term liabilities. Often, one has to be in action in order to know the right thing to do. Because free isn't really free, a giveaway must help a business sell its core item. Profit is the company owner's reward for taking business risk.

The …

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Are your equipment rates accurate?

It is related of a Yankee book-peddler that he sold three copies of the same book to a family in one day--to the husband in the store, to the wife who was calling at a neighbor's, and to the daughter at home. That makes it more of a challenge when …

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