Fix a big dial two feet or more in diameter in some prominent part of your store, and announce that when a customer has traded an amount equal to the total figures on the dial you will present him with a watch. Tell them why your product or service will enhance their life or business. The main cost will be promoting what you do, and much of that can be done online and by word of mouth. You will get the highest return on your time for time spent with customers.

A lazy person's guide to Finance

Create an informal panel of advisers for your business, who meet on a regular basis to provide advice and constructive criticism. When asked, most business owners think they're great leaders. If by some happy chance wages were raised above this point, then the population would speedily multiply and the increased competition thus brought about among the laborers would depress wages again to the lowest amount sufficient to support a family. When you choose to serve a niche, you choose to address your product or service to a group of people who share some demographic and/or psychographic characteristics, as well as the same goals or motivation.

Pique customers? interest

That will be the best decision you make today and tomorrow. Unhelpful comments with the sole intention of hurting shouldn t get even a slight bit of your attention they aren t worth it. Business plans are inherently strategic. The cost structure is like the architect's plan of a building ' simple to tweak when the plans are just a drawing on a piece of paper and the building doesn't yet exist, a nightmare to change when the building is half built.

In business, great acts are made up of small deeds.

This network-like structure stretches across and between companies. Startup capital is financing used to get a business with a proven idea up and running. Grocery stores that provide take-out food are convenience substitutes for traditional fast food restaurants. What measurable targets can your employees use to hit the goals for their work?

Price too high and lose customers

On the subject of liability, here is a good place to deal with the question of whether you are already being sued for a product s perceived failings and, if so, how you plan to deal with it. Include a homepage, business profile, competitive advantages, your expertise and specialties, client list, corporate team, key management r??sum??s with product or project photos, service photos, testimonials, and a detailed research center for customers to use. Other companies require much smaller amounts of capital to finance their ongoing operations. Another aspect of the business plan should include how relationships with customers and suppliers will be established and what the terms of the legal relationship will be with them.

Determine which entity would be best for your particular company and situation

The approach selected may be affected by the downstream market strategy. Nobody has your interests so much at heart as you have. Ask for referrals to professionals who specialize in the types of project you want to pursue. Be many-sided, but transparent.