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Actual for You - People are Bad for Your Profits!
As business professionals, we spend lots of our time interacting with all sorts of people – clients, suppliers, consultants etc. Our interactions can be in person, on the telephone, by email or even these days, by sms.If you do some reading on the subject, you’ll quickly find the predominant school of thought is that all communication must be “professional”, and th
Definition of ISO: ISO means “all sides being equal”. To date, more than ? a million organizations in 149 countries have implemented the ISO Standards. ISO 9001:2000 is a fundamental quality management system standard that requires an organization to identify, define, document, implement (follow), monitor/measure, and continually improve
When considering about 50% of small businesses fail within the first year you need to make your business as smooth & efficient as possible. Especially if there are only a few employees or you are the only employee.
This is where people are bad for your profits. Dealing directly with the customer in order to close a sale & then thereafter support the customer if/when any future issues arise will be a major drain on your very limited resources. How much time can you really afford to spend on each customer to make X amount of profit? Do you really have the resource to be able to provide the after sales service as well, which will enhance your reputation in the community & hopefully earn you more sales? If you don’t provide a good after sales service you will soon get a bad reputation & your business will fail before it has even begun! I believe this is the
On a recent Sunday, the Philadelphia Inquirer shocked our local community by stating the obvious: "Even after the carnage at an Amish school in Lancaster County last week, a spot check by Inquirer reporters found a surprising number of security lapses at schools across the region. In spite of rules aimed at limiting public access, reporters who fanned out on a single day
When considering about 50% of small businesses fail within the first year you need to make your business as smooth & efficient as possible. Especially if there are only a few employees or you are the only employee.
This is where people are bad for your profits. Dealing directly with the customer in order to close a sale & then thereafter support the customer if/when any future issues arise will be a major drain on your very limited resources. How much time can you really afford to spend on each customer to make X amount of profit? Do you really have the resource to be able to provide the after sales service as well, which will enhance your reputation in the community & hopefully earn you more sales? If you don’t provide a good after sales service you will soon get a bad reputation & your business will fail before it has even begun! I believe this is th
Business valuation refers to the process of determining the value of a business entity or ownership interest therein. It is a tool used to accurately assess the value of any business. Regarded as a special mix of art and science, business valuation is essential for buy/sell agreements, mergers and acquisitions, estate planning, bankruptcies and gift tax planning.De
This is where people are bad for your profits. Dealing directly with the customer in order to close a sale & then thereafter support the customer if/when any future issues arise will be a major drain on your very limited resources. How much time can you really afford to spend on each customer to make X amount of profit? Do you really have the resource to be able to provide the after sales service as well, which will enhance your reputation in the community & hopefully earn you more sales? If you don’t provide a good after sales service you will soon get a bad reputation & your business will fail before it has even begun! I believe this is th
Medical billing can follow a very complex and strange process. For those who don’t or haven’t actually worked as doctors, or for insurance companies, the procedures can be quite opaque, but fundamentally it is quite simple.When a patient goes to a medical provider for surgery or to be put on medication, or simply to diagnose conditions the patient has been experien
Oftentimes leaders say they are eager for opinions about their performance. In many cases, they honestly do want it. Some say they are open to feedback, but their behavior says otherwise. People in leadership roles can find it challenging to go about getting honest feedback concerning their job performance. Many executives hire coaches and consultants like me to collect f
People are all different as are their requirements. This is the variable that makes it hard to automate any business where you have to deal directly with the customer. I believe that letting the companies already geared up with all the logistics of dealing direct with customers is the key in setting up a profitable new business with minimum overheads.
The key to making money in business is how can you serve more people & in turn generate more money? But after what I have just talked about we want to serve more people without draining company resources. Well if you are looking to set up a new business I would look at setting up an online business & sell other people’s products or services through your website. This means you can concentrate on generating your online sales & let the company who you are representing deal with the customer. This way if you generate 10 sales a day or 1000 sales a day it makes no diff
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