Archive for the ‘business’ Category

Finding a starting point

You probably have some vague notion about what it is you want to do. How do you go about deciding whether or not to go through with it? The important issues are why you want to go into business, if this kind of business suits you, whether the business is feasible, what you need to get started and coming up with a plan that sets out how you are going to make it all happen.

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Disadvantages of going solo

You can fail and lose your money as well as the money your friends or relatives may have invested in your business.

. You will be working alone, and time for family and friends may become difficult to find.

. Your income may be uncertain and sometimes it could fluctuate enormously as a result of factors that you cannot control.

. You will face the unrelenting pressure of having to make decisions and solve problems for which there are no clear solutions.

. You will still have a boss—in fact, you will have many bosses, including customers, suppliers, government agencies and perhaps your bank manager.

. You may eventually hate your business in the same way other people hate their job.

The prospect of going solo should not be regarded as an escape route from some other aspect of your life. It is important to consider the pros and cons carefully until you feel confident that you are genuinely committed to creating a successful business.

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House Renovation

Summer had come, everyday the weather felt very hot. So do condition in my house, unfortunately we are new in this country. The hot weather like this was very hard for us because we lived in country with cooler weather before. I discussed to my neighbor and he suggests me to analyze my house condition and renovate the house in order to get air circulation better so we could enjoy in the house. I also suggested adding air conditioner or ceiling fans if needed.

I agreed with the suggestion, so I started to Read the rest of this entry »

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Team Business

When I turn on television, I see the match of MLB is the hit news for this month. For this MLB event there is only one television which got the official right to record and publishing the event from beginning until closing ceremony. Beside the live match there is another thing that becomes fever in the public, that’s MLB merchandise sale. We can see in the television there so many merchant sale the apparels and gifts. You can choose the stuff base on your favorite team like Boston red Sox apparel or may be you want to put the Detroit Tigers merchandise as a new collection? It’s up to you because actually there are so many choices there.

Sport is not just for health but right now already grow become a giant industry with the turn of money around hundreds million dollars in every match season. This industry is growing f Read the rest of this entry »

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Maybe Tomorrow

The one of reasons that people don’t become wealthy is procrastination. People always have a good reason not to begin doing what they know they need to do to achieve financial independence. It is always the wrong month, the wrong season, or the wrong year. Business conditions in their Read the rest of this entry »

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Business, the Next Activities

At next holiday, I have planned will visit my parents. I have been long time enough doesn’t meet them. I have called them last night, and they said very happy hear that. I asked them how about their business now and they said that it has increased well. They also said, now they had some branch in several cities. I was very happy hear it.

Since two years ago, my parents build business in catering. At the beginning they built catering service for event: wedding party, company gathering, and other special event. It was very surprise, they received Read the rest of this entry »

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Do the Small Things Right

This is Secret Service at its best. It’s the small surprises that impress our clients and do more than anything else to increase our client retention dramatically. Complimentary extras increase loyalty. For example, Lube Stop allows customers to stop off any time between regularly scheduled oil changes and have their oil topped off at no charge. Car maintenance companies could also send a postcard or an e-mail reminder that it’s time to make another visit. To send a reminder, the shop would simply have to identify the customers who were in three months ago, print labels, and send postcards once a week. That’s a little work invested for a potentially large return. Other examples of great value added are free alterations of some high-end clothiers at any time—even a year after you purchased the garment.

The things clients enjoy most about coming to John Robert’s are the scalp massage they receive before the shampoo, the hand-and-arm massage during the haircut, the makeup touch-up for women, and the mini facial for men during the shampoo. (Every hair station has jewelry cleaner so clients can have their jewelry cleaned during the hand-and-arm massage.)

Clients also appreciate the free bang trims and clean-ups we offer any time between visits. Men find Read the rest of this entry »

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Investment

I just go back from a jewelry shop with my wife. After accept salary this month we decide to buy a gold jewelry as investment because we have opinion that gold is a good investment. The gold price will always follow the present situation and the price trend look like always increase year by year.

When I come into shop I see a couple of people are Read the rest of this entry »

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Work Your Way Up

The way to become rich in America is as a highly paid executive of a successful company, or as an employee of a company that awards stock options that become valuable. Ten percent of the self-made millionaires in America are men or women who have joined large corporations, or companies that became large, and worked for these companies for many years. They usually worked hard, were promoted and paid increasingly well, earned stock options, bonuses and profit sharing, and as a result of holding onto that money, became millionaires and multi-millionaires.

Paul Allen started Microsoft with Bill Gates, sold out when he became ill, took much of his share of the company in stock, and is now a multi-billionaire. The Seattle area is famous for having so many —Microsoft millionaires,“ people who went to work for Microsoft in the 1970‘s and 1980‘s, sometimes as secretaries and programmers, received stock options, and became wealthy when they exercised them. Many senior executives receive bonuses and profit-sharing worth many millions in a single year. Working for a large company that grows, pays well and shares its profits is a major source of wealth in America.

Many executives have stayed with those corporations for many years, have risen to positions of seniority, are paid extremely well, are given stock options, profit sharing and bonuses, and as a result of holding on to the money, they became millionaires. Not so long enough, Lee Iacocca, the chairman of Chrysler Corporation, was paid 26.7 million dollars for one year. Michael Eisner of Disney earned a $150 million dollar bonus. It’s not too hard to become a self-made millionaire if you’re making that kind of money in a year.

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Take the Long View

The reason that people retire poor is perhaps as important, if not more important, than all the others. It is lack of time perspective. In a longitudinal study conducted by Dr Edward Banfield at Harvard University in the 1950s and published in 1964 as The Unheavenly City, he studied the reasons for upward socio-economic mobility. He wanted to know how you could predict whether an individual or a family was going to move upward one or more socio-economic groupings and be wealthier in the next generation than they were this generation.

Banfield studied and compared his findings against the most common explanations for economic success in America, and in other countries. Was it education? No. Many people with good educations actually moved down economically. Was it intelligence? No. A lot of very intelligent people are poor and can’t earn a living. Was it being born into the right family? No. Many people born into affluent families did poorly as adults, while many people with poor educations became very successful. Was it being in the right part of the country? Was it being in the right industry? Was it luck? What factors were best at predicting that a person would move up economically over the years?

All his research brought him to a single factor that he concluded was more accurate than any other in predicting success in America. They called it time perspective. This was defined as the amount of time that you take into consideration when planning your day-to-day activities and when making important decisions in your life. Time perspective referred to how far you projected into the future when you decided what you were going to do or not do in the present.

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November 2008
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