Collect money

Profit is the company owner's reward for taking business risk. that s you! The more you're seen doing good things and helping out, the more people will see the good in you, and call on you to help them out. The sliding scale, or a system of premiums or bonus …

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Taking care of your Advertising team

Placing ads in newspapers or magazines is expensive for businesses serving their local markets. If you d begun a car dealership specializing in yacht-sized gas guzzlers right before the Arab oil embargo in the 1970s, you would probably have been out of business in less time than one had to …

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Insurance requirements for Distribution

A manager often lacks such specific knowledge but has generalized understandings of personnel, training, motivation techniques, evaluation, product distribution, compensation, and budgeting. You must have an attorney s advice on almost anything you plan to market. The SBA website provides a very comprehensive overview of all its loan programs and …

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Provide clear expectations for Purchasing

The marketing options are many and expensive, including door hangers, newspaper coupons, mailings, advertising, website placement programs, and billboards. As an entrepreneur seeking a bank loan, or any type of funding for that matter, you ll want to make sure you have everything in place, including all of your financial …

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Cognitive limitations

when it comes to our memories, they simply aren’t perfect, and nothing is going to change that. And, for most of us, having a “not perfect” memory is a significant understatement. Our memories usually aren’t crystal-clear videos, but a set of crib notes from which we reconstruct mental …

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Finance-sector investors

Finance-sector investors were drawn to farmland partly for the same reasons as everybody else—crop prices are high, ergo it pays to own a farm—but they also had their own reasons. The year 2008 saw not only a global food crisis but the worst financial meltdown since the Great …

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Your best toolset is your mind

One of the best toolsets to accomplish this task—intentionally designing for behavior change—comes from behavioral science. And, in addition to being useful, behavioral science is fascinating.

Behavioral science is an interdisciplinary field that combines psychology and economics, among other disciplines, to gain a more nuanced understanding of how …

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Sales : the lifeblood of your business

You let the customer know your new pricing structure. Rather than focusing on day-to-day activities, leaders set the vision, set the goals, track targets, and then inspire and motivate their people to follow. Meetings are a simple way to manage systems, leverage yourself, and communicate expectations to your employees, managers …

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Estimate sales volume

How would you like to get your bank statement sent out differently every month, or to have your favorite restaurant make your favorite meal too spicy, too bland, or too salty, depending who cooked it that night? Accepting the universality of departments is essential to setting up and growing a …

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Showing customers your products

There are all kinds of reasons why a venture capitalist, banker, or other investor may refuse to fund your company. Emphasize a cogent, succinct summary and explanation of the basic business concept, and do not stint on the details about the impressive backgrounds of your management team. Entrepreneurs know that …

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10 ways to reinvent your Business

This will show you care and get them to call, refer, or buy from you when the need arises. Not only will you wreck that particular sale, you will also seriously tarnish the reputation of your business if customers think you cannot be trusted to fulfil their order properly ' and …

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Company gross profit

When you know your costs, you will manage better and make more profit. Yet, measuring value is important for orienting managers behaviours, and it affects the solutions implemented in business relationships on which value creation and appropriation depend. Be quick to change. Here are a few of the ways in …

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