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Actual for You - Make Your Fortune in a Paper Business
When Should You Fire a Cleaning Customer?
Years ago the phrase was coined, "The customer is always right." But this is not always a true statement, and keeping extremely demanding or troublesome customers may be biting into your profits. When you first started your cleaning business you were no doubt eager to get any paying customer you could get to sign on. But do you have customers whose phone calls you don't want to answer? Or are there cleaning clients on your list that are low profit, yet demanding and take up a lot of your time? Trimming these customers off your list will allow you to spend more time on building up relationships with higher pro
cost you millions of dollarsYears ago the phrase was coined, "The customer is always right." But this is not always a true statement, and keeping extremely demanding or troublesome customers may be biting into your profits. When you first started your cleaning business you were no doubt eager to get any paying customer you could get to sign on. But do you have customers whose phone calls you don't want to answer? Or are there cleaning clients on your list that are low profit, yet demanding and take up a lot of your time? Trimming these customers off your list will allow you to spend more time on building up relationships with higher pro
Selling Your Business - Why Use a Business Broker
Perhaps the most important business transaction you will ever pursue is the sale of your business. Many business owners attempt to do it themselves and when asked if they got a good deal, many respond with “I think so,” or “I got my asking price,” or “I really don’t know,” or “It was a disaster.” Often times these very capable business people approach the sale of their business with less formality than in the sale of a home. The purpose of this article is to answer the questions – Why would I use a business broker and what am I getting for the fees I will pay?1. Confidentiality. If an owner tries to
The problem with some business ideas is their cost.
To manufacture and market a product you have invented
could cost you millions of dollars.Perhaps the most important business transaction you will ever pursue is the sale of your business. Many business owners attempt to do it themselves and when asked if they got a good deal, many respond with “I think so,” or “I got my asking price,” or “I really don’t know,” or “It was a disaster.” Often times these very capable business people approach the sale of their business with less formality than in the sale of a home. The purpose of this article is to answer the questions – Why would I use a business broker and what am I getting for the fees I will pay?1. Confidentiality. If an owner tries to
How To Realistically Set Your Fees - Part 2
Effect of Expenses The last article examined how to calculate your realistic billable hours. If you remember, we arrived at approximately 1100 hours in a year. To earn our mythical $46,000 per year, you needed to bill at a rate of $42 per hour. Now we need to take into account the expenses of running a business and see where those put our hourly rate. Most costs fall into three general categories: business and office expenses; salary and personal taxes; and, benefits and profit margin. In this article, we will concentrate on the first category, business and office expenses. Everyday ex
s ideas is their cost.
To manufacture and market a product you have invented
could cost you millions of dollarsEffect of Expenses The last article examined how to calculate your realistic billable hours. If you remember, we arrived at approximately 1100 hours in a year. To earn our mythical $46,000 per year, you needed to bill at a rate of $42 per hour. Now we need to take into account the expenses of running a business and see where those put our hourly rate. Most costs fall into three general categories: business and office expenses; salary and personal taxes; and, benefits and profit margin. In this article, we will concentrate on the first category, business and office expenses. Everyday ex
Three Reasons Why Your Business Needs A Website
When I call on businesses offering my web design and hosting services, the first question I ask, naturally, is “Does your business have a web site?” If not, then I ask for the person in charge of these things (for my niche, usually the owner) and give my pitch.It's 2006, so you would think that they would jump, but it's not that easy. The small independent businesses that don't have web sites (and there are a bunch!) would have had one already, if they thought they needed one.It's my belief that businesses offering any product or service needs to have some sort of presence online. Newspaper a
manufacture and market a product you have invented
could cost you millions of dollarsWhen I call on businesses offering my web design and hosting services, the first question I ask, naturally, is “Does your business have a web site?” If not, then I ask for the person in charge of these things (for my niche, usually the owner) and give my pitch.It's 2006, so you would think that they would jump, but it's not that easy. The small independent businesses that don't have web sites (and there are a bunch!) would have had one already, if they thought they needed one.It's my belief that businesses offering any product or service needs to have some sort of presence online. Newspaper a
Pre-Inked Rubber Stamps Work Smarter
Traditionally people have been using rubber stamps to put a seal on the important documents – marking the company name or other endorsements. These stamps have to be pressed on an inkpad first and then on the surface where the stamp is needed. Recently pre-inked stamps have made their way in the market and are highly preferred because of their neatness and superior print quality.Pre-inked stamps can be used for marking on any surface. These stamps are fast drying and water-resistant which makes it perfect for identifying personal items, photography, industrial equipment etc. There is no need of separat
uct you have invented
could cost you millions of dollarsTraditionally people have been using rubber stamps to put a seal on the important documents – marking the company name or other endorsements. These stamps have to be pressed on an inkpad first and then on the surface where the stamp is needed. Recently pre-inked stamps have made their way in the market and are highly preferred because of their neatness and superior print quality.Pre-inked stamps can be used for marking on any surface. These stamps are fast drying and water-resistant which makes it perfect for identifying personal items, photography, industrial equipment etc. There is no need of separat
Key Indicators, How they will Benefit your Business
Key Indicators allow you to track the health and growth of your business. By deciding what values are critical, then measuring them over time, you can determine exactly where you are in your progress towards your business development goals.Most business owners would argue that they have a ‘good feel’ for their businesses. This is probably true but it is not sufficient to be successful. The Key Indicators in your business need to be defined and a schedule established to track and measure your progress towards them over time.Key Indicators can be used to track both measurable and implied areas of
cost you millions of dollars. The investment in
machinery, buildings, inventory and other expenditures
could bankrupt you before your first s
Key Indicators allow you to track the health and growth of your business. By deciding what values are critical, then measuring them over time, you can determine exactly where you are in your progress towards your business development goals.Most business owners would argue that they have a ‘good feel’ for their businesses. This is probably true but it is not sufficient to be successful. The Key Indicators in your business need to be defined and a schedule established to track and measure your progress towards them over time.Key Indicators can be used to track both measurable and implied areas of
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