Success lies in the eye of the beholder. Or maybe that's just beauty. We all define success differently. Some define it according to a bottom dollar amount. Did the home business owner earn more than he spent? Some will define it according to time. Did the home business owner spend time with his kids this week? Did he log in a date with his wife? Some will define it simply according to relationships. Do his kids like him? Does his wife not want...more
There are several marketing strategies to fundamentally build a business. The strategies are simple but not always easy. However, if they are coupled with vision, vigor and a little tenacity, both business and life can be enjoyed with ease and results produced with velocity.Remember as you read these strategies I never said it would be easy, however I did say, it "can" be done with ease AND velocity with the right energy going in the right...more
When acquiring a business loan, one can expect to pay different rates and fees based upon the years the business has been in operation, the owner's personal credit history, the business's credit history, and whether or not the loan is secured or unsecured. If the loans are guaranteed, whether or not they are by the government or some other agency can affect the rates as well. Interest Rates are controlled by usury laws. A lender can safely charge a business up to 10% interest per year and not violate any usury laws. Depending on the type of lender you seek, personal or commercial, this may not always hold true. There are different usury laws governing personal lenders and those that are protected by the Federal Government (commercial banks, credit unions, savings and loans). Typical lenders charge between 6-7%, however, as stated earlier; financial security in the business and the owner play an important role in establishing interest rates. Often times commercial banks offer fixed interest rates, but more often than not, the rates are flexible after a given number of years. Government loans are offered to small businesses that meet certain criteria. These loans are offered at the...more
In financial year 2003-4 Air bus started a new advertising campaign. In an industry, like aircraft, so much matured, there was a tendency in aircraft producers to target the big and medium airlines and governments of countries for their big contract running in billion of dollar. Most of second half of 20th century was dominated by Boeing. Its 747...more
What do you need to have for a successful business? Many people focus too much on the money part and neglect other important ingredients of a successful business. Here's the list of key ingredients for business success: 1) Time: You must understand that time is money. In business, our objective is to make money. Period. But the question is how...more
"Knowledge is the business fully as much as customer is the business. Physical goods or services are only the vehicle for the exchange of customer purchasing power against business knowledge".Above statement was made by Peter F. Drucker, a prominent Management and marketing guru.Any economic result is the result of differentiation. What is that niche you posses that make you hot property in any market. It comes from knowledge. Knowledge is held by organization people. One day all labour can be automated by machines. But knowledge specifically is a human asset. If you have knowledgeable people you can target the sky. Books are more collection of information. Internet is one of the best medium for generating information on particular subject. But information is not a business.Knowledge itself is not a business when used inside. When it do not produce value to the holder of knowledge, it is useless. It becomes business when applied outside of a business, to the customer, market and end-uses.Mittal steel is king of steel market today. It posses a peculiar knowledge of converting non- performing public business and factory into highly profitable steel producing entity. It has done this...more
The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured. This could mean offering up your personal...more
Becoming a consultant in retirement can be a rewarding retirement job. It can be rewarding both in self-fulfillment and in additional income.You have worked for years at your full time job and you have developed experience and knowledge that will be...more
Your current situation. You have got several credit and store cards and several loans. You are finding it difficult to make the payments each month. Generally you do make the required payments but this means that other parts of your like are...more
Kurt Lewin, the consummate applied social scientist, is responsible for giving us three of the ten concepts that support effective OC practice: Forcefield Analysis, The Three-Stage Model of Change, and the Action Research Model. I will cover the...more
If you take a close look at your credit cards, you'll probably wonder what all those numbers stand for. Every digit actually stands for something specific. Let's have a look at each of those numbers in sequence. The First DigitGasoline cards,...more
Are you tired of the same old day trading tips? Like, "cut your losses and let your profits run." "Never let a gain turn into a loss.", or the most repeated tip, "Buy low, sell high." So how about something new? Let me give you some specific day...more