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  • Hub You - Mythbusters: Invent Something Everyone Needs and You'll Make a Fortune

    Customer Satisfaction is a Rearview Mirror
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    stment costs. They totaled over $330,000. I had no way of raising that much money, so I began exploring other avenues of funding. The banks
    Leading Change; Four Principles for Staying in Control
    When leading a change programme, the bare minimum requirement of a leader is to be seen to be in control.The people you are leading will have a range of anxieties about the change which different individuals will feel to a different depth. The nature of the anxiety and the depth of the anxiety will change over time, sometimes precipitously.The leader, however, must be seen to be in control. More than that, except for th
    I’ve invented and patented several products that are clever, useful, and saleable. Wal-Mart even gave one of them their highest grade when I sent them the plans through their little-known, inventors program. So why aren’t I rich? That’s a reasonable question. Once I got over the elation I experienced upon receiving their acceptance letter, reality sunk in. They wanted 20,000 units in special packaging and designed to meet certain specifications. After consulting foreign manufacturers and getting prices for construction and exporting, I looked at my investment costs. They totaled over $330,000. I had no way of raising that much money, so I began exploring other avenues of funding. The banks
    Business Plan Tips - Advice from a VC Gatekeeper
    Just as manuscripts are screened by assistants before reaching an editor, business plans submitted to financial institutions and venture capitalists are almost always screened by someone like me, a professional analyst who gets paid to "manage risk," which is MBA-speak for finding legitimate reasons not to fund your project. In this article I provide tips on getting your business plan past me and on to the people who sign checks. Tha
    I sent them the plans through their little-known, inventors program. So why aren’t I rich? That’s a reasonable question. Once I got over the elation I experienced upon receiving their acceptance letter, reality sunk in. They wanted 20,000 units in special packaging and designed to meet certain specifications. After consulting foreign manufacturers and getting prices for construction and exporting, I looked at my investment costs. They totaled over $330,000. I had no way of raising that much money, so I began exploring other avenues of funding. The banks
    Small Business Bookkeeping
    Bookkeeping is the process of maintaining records of various transactions of a business. The records include total revenue, gain, loss, expenses, dates of transactions, and many other details. Bookkeeping is the basis of accounting process and it is very important, no matter what business you are in.There are several advantages of maintaining proper bookkeeping for small businesses. Basically, bookkeeping is legally required
    elation I experienced upon receiving their acceptance letter, reality sunk in. They wanted 20,000 units in special packaging and designed to meet certain specifications. After consulting foreign manufacturers and getting prices for construction and exporting, I looked at my investment costs. They totaled over $330,000. I had no way of raising that much money, so I began exploring other avenues of funding. The banks
    The ABCs of Accepting Credit Cards Online (Part 1)
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    o meet certain specifications. After consulting foreign manufacturers and getting prices for construction and exporting, I looked at my investment costs. They totaled over $330,000. I had no way of raising that much money, so I began exploring other avenues of funding. The banks
    ISO 9000 Procedures
    The basic ISO 9000 procedures include document control procedure, records procedure, internal audit procedure, control of non-conformance procedure, corrective action procedure, and preventive action procedure. Documentation is a basis upon which an ISO-compliant quality system is constructed. An unauthorized change in any information makes problems. Your mandatory document control procedure must define how you approve documents, upd
    stment costs. They totaled over $330,000. I had no way of raising that much money, so I began exploring other avenues of funding. The banks looked at the Wal-Mart proposal and still turned me down. They recommended I look for an ‘Angel,’ or venture capitalist investor. These people fund likely candidates that have products they deem marketable. After contacting a few in my area, one agreed to meet with me.

    I had my proposal ready, including a business plan, the Wal-Mart response, and an entire five-year projection complete with marketing materials. The three men were impressed and explained how they work. If they decided to front me the money needed, they would expect the following: (

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