People are hard wired to learn. Owning a small industrial building and renting it out is an example of a wealth-building asset. E-commerce (retailing over the Internet) is changing the parameters of the retailing category. Give these good customers a reason to continue frequenting your business and giving your company referrals.

Determine what you need to know about your market

I am in business to make a HUGE profit and grow my wealth. They demand and get from almost all new product makers slotting fees, which are simply payments for the right to be on store shelves. In order to establish clear expectations, you must take the time to explain exactly what you want, show your employees how to do it, ensure they fully understand the directions, and then reinforce your wishes with coaching and training. Provide blank charts for team leaders to draft what's needed, upcoming milestones, and requirements.

Be on time

The most formidable barrier to progress has always been the senseless opposition of those to whom it would be of the greatest benefit. Depending on your business and what you intend to use your plan for, you may need a very different type of business plan from what another entrepreneur needs. Aside from the usual business licenses and tax forms, there are any number of certificates and notices you may require, depending on circumstances. For example, a businessperson who once failed in pursuing a particular market or client might fear pursuing that market or client again; a decision tree can help show if such fears are reasonable.

Install Training Systems That Work in Production

Obtaining patents or federal registration of the company s trademarks is also critical to proper protection. But these are targeted to and focused on a specific audience. It's a real opportunity. To build a successful business, you've got to give customers a reason to hire (or buy from) your company.

Create a simple one-page application

If you are selling your products online, heavy ones will incur high delivery costs and put people off; if you are selling them in a shop, people will be deterred from buying heavy, bulky products because they can't carry them home, fit them in the car or take them on the bus (and retailers will be put off stocking them because they take up too much shelf space). Start a weekly award for the employee or production team player who saves the most money, does something excellent, has the best attitude, makes the best decision, or goes the extra mile for the customer. It s about serving an audience, a market, and responding to a need that they have expressed. As the weak businesses disappear, they leave in their place an opportunity for newer, stronger competitors to surface.

Passion is the genesis of genius

Instead of trying to figure out what your basic business concept is, you only have to decide whether it s changing. You ll detect and understand their problems, goals, and motivations, and then be better suited to create the best solution (product) for them. Varsity crews and lawn mowers must move forward. Men will trade most where they can do best.