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  • Actual for You - Entrepreneurs Know Fixed Costs Will Eat Them Alive

    Is the Family Dysfunctional, the Business Dysfunctional, or Both?
    Many small businesses are family owned and operated. They may be owned by parents and children, spouses, siblings, and extended families. Some family enterprises work well; others are disasters. Every family and every business has interpersonal dynamics. In a family business those dynamics intertwine so it is difficult, if not impossible to separate them. For example, imagine a husband and wife who own a business together. They have a disagreement at work and it continues at home. It can escalate until, e
    e payments. The term is very descriptive and defines a heavy responsibility on the business owner.

    The doc

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    Entrepreneurs Know Fixed Costs Will Eat Them Alive -- number nineteen in a series taken from:

    How to Evaluate and Profit from a Business Opportunity - The Entrepreneur's Guide

    By Art Consoli

    Fixed costs; those costs which are attributable to commitments for equipment, buildings, employment contracts, notes payable, and other items of this type require payment regardless of sales or profits, or the availability of cash to make the payments. The term is very descriptive and defines a heavy responsibility on the business owner.

    The docu

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    You've heard the adage Keep It Simple Sweetie (K.I.S.S.)? Well, that saying couldn't be more true when it comes to personal branding. Like many areas of life, keeping things simple is the most effective tact and personal branding is no exception.No matter how challenging or 'unique' your business is your brand will always be more relatable and effective when your target audience can understand it in mere seconds. If you find yourself having to over educate your audience, that's a sure sign that your brand
    ate and Profit from a Business Opportunity - The Entrepreneur's Guide

    By Art Consoli

    Fixed costs; those costs which are attributable to commitments for equipment, buildings, employment contracts, notes payable, and other items of this type require payment regardless of sales or profits, or the availability of cash to make the payments. The term is very descriptive and defines a heavy responsibility on the business owner.

    The doc

    10 Simple Ways to Signature Service
    “Signature service” is a term that I often use to represent something that is fresh and unique to a customer’s experience with your business. All companies have “signature products” that separate them from the rest of the pack, something that their competitor lacks. "Signature service" is just that. Customer service that is unique and special; that when a guest leaves your restaurant they scratch their heads and go “WOW”. That my friends, IS what I call “Signature Service”.Most customers when they co
    se costs which are attributable to commitments for equipment, buildings, employment contracts, notes payable, and other items of this type require payment regardless of sales or profits, or the availability of cash to make the payments. The term is very descriptive and defines a heavy responsibility on the business owner.

    The doc

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    I once had a very interesting conversation with a very good friend of mine Lynda King Taylor; an International Speaker and Author on Customer Service.Lynda, as usual, had some very interesting questions to ask me, only this time, it was for some research, for an up and coming article she was working on. And I thought you may be interested in my replies.Lynda: Is good customer service becoming more elitist?Derek: This is an interesting question. Good customer
    d other items of this type require payment regardless of sales or profits, or the availability of cash to make the payments. The term is very descriptive and defines a heavy responsibility on the business owner.

    The doc

    The 80/20 Rule In Business
    Although it has been talked about again and again in business circles, the 80/20 rule never ceases to amaze me. You may be amazed too. If you're not up to speed on the 80/20 Rule yet, read on. You may also know it as the ‘Pareto Principle' after Vilfredo Pareto who made the interesting discovery that people seemed to split into the top 20% ‘movers and shakers' (both monetary and influentially) and the bottom 80% who could be defined as ‘followers'. This was just the start though, as through further research he (
    e payments. The term is very descriptive and defines a heavy responsibility on the business owner.

    The documents that cover such agreements can include language that give the other party very strong rights to payment and the ability to take possession of other property the business might own.

    Successful entrepreneurs know that there are many ways to avoid taking on fixed cost obligations but all the alternatives normally come with a higher immediate cost. They know that they can usually get a mortgage on a building at a cheaper monthly cost than

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