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Hub You - How Toyota Captured the #1 Market Share . . . Through Solid Decision-Making!
Own Up and It Won't Explode
It seems that, almost every day, some politician, talk-show host, high-visibility CEO, athlete, or celebrity says something or is caught doing something that is embarrassing, damages their reputation, or can even end a career. I could easily name the names here of people who have found themselves in these difficult circumstances in the past few months but I’d quickly run out of my allotted space for this column and it wouldn’t serve any positive purpose. In most cases the problem gets worse, usually much worse, when the person attempts to deny the allegations. When that happens, and the cover-up is discovered, it really hits the proverbial fan. Self-preservation is huma
ing high standards for quality, reliability and customeIt seems that, almost every day, some politician, talk-show host, high-visibility CEO, athlete, or celebrity says something or is caught doing something that is embarrassing, damages their reputation, or can even end a career. I could easily name the names here of people who have found themselves in these difficult circumstances in the past few months but I’d quickly run out of my allotted space for this column and it wouldn’t serve any positive purpose. In most cases the problem gets worse, usually much worse, when the person attempts to deny the allegations. When that happens, and the cover-up is discovered, it really hits the proverbial fan. Self-preservation is huma
5 Sources of Equity Capital for Your Business
If you're thinking about getting outside or equity capital to help fund your business, there are some things you need to do first, that can make your business more attractive to investors. Follow these simple ideas, and you'll be well on your way to raising the money you need.First, always talk to a qualified business attorney (not your family lawyer). There are a lot of laws pertaining to how equity capital can be raised from the public, and the laws change often. You need someone who understands not only these laws, but also how to make sure that any business contracts are written to protect you and your business, especially the fine print.1. Getting money f
How Toyota Captured the #1 Market Share . . . Through Solid Decision-Making!If you're thinking about getting outside or equity capital to help fund your business, there are some things you need to do first, that can make your business more attractive to investors. Follow these simple ideas, and you'll be well on your way to raising the money you need.First, always talk to a qualified business attorney (not your family lawyer). There are a lot of laws pertaining to how equity capital can be raised from the public, and the laws change often. You need someone who understands not only these laws, but also how to make sure that any business contracts are written to protect you and your business, especially the fine print.1. Getting money f
Toyota is arguably one of the most recognizable brand names in the world. Toyota captured the Number 1 spot in automotive sales, by creating high standards for quality, reliability and customer
What Signals Are You Giving?
When I was old enough to learn how to drive, I asked my Dad for lessons. The first thing he did was to buy me the book "Defensive Driving." He told me I had to read it, (and wouldn’t let me behind the wheel until I did) but all I really needed to know about driving defensively, he said, boiled down to one thing: "Just because a woman has her blinker on, doesn't mean she's going to turn!" My Dad’s advice about driving taught me two important lessons that I’ve found apply to just about everything:1. Pay close attention to what others are doing and not doing -- things are not always obvious or what they seem to be.2. Use the information to control what you can
olid Decision-Making!When I was old enough to learn how to drive, I asked my Dad for lessons. The first thing he did was to buy me the book "Defensive Driving." He told me I had to read it, (and wouldn’t let me behind the wheel until I did) but all I really needed to know about driving defensively, he said, boiled down to one thing: "Just because a woman has her blinker on, doesn't mean she's going to turn!" My Dad’s advice about driving taught me two important lessons that I’ve found apply to just about everything:1. Pay close attention to what others are doing and not doing -- things are not always obvious or what they seem to be.2. Use the information to control what you can
Toyota is arguably one of the most recognizable brand names in the world. Toyota captured the Number 1 spot in automotive sales, by creating high standards for quality, reliability and custome
Starting a Company on a Shoe-String Budget
A lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources. Below is a list of tips to help you save money when you're first starting a company: Manage your finances in MS Excel, not Quickbooks. Manage your contacts in MS Outlook, not ACT. Get free legal and accounting advice from law/business students or lawyers/accountants who are
he most recognizable brand names in the world. Toyota captured the Number 1 spot in automotive sales, by creating high standards for quality, reliability and customeA lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources. Below is a list of tips to help you save money when you're first starting a company: Manage your finances in MS Excel, not Quickbooks. Manage your contacts in MS Outlook, not ACT. Get free legal and accounting advice from law/business students or lawyers/accountants who are
Business Management Case Study; $25.00 Mobile Oil Changes; is it a Viable Business?
If you started a mobile oil change business could you charge $25.00? Would people pay that price for services? Would people forgo the low prices at Wal-Mart of $12.99 for the added convenience of you doing such a service at their homes or offices? Recently this question came up with a gentleman who wished to start an a mobile oil change business in a town which did not have a Super Wal-Mart (only Super Wal-Marts) change oil, regular ones do not have those auto services.The gentleman was getting ready to launch a small mobile oil change business and he stated: “I think people would be willing to pay $25.00 for a simple oil change if you came to them. Then include wipe
aptured the Number 1 spot in automotive sales, by creating high standards for quality, reliability and customeIf you started a mobile oil change business could you charge $25.00? Would people pay that price for services? Would people forgo the low prices at Wal-Mart of $12.99 for the added convenience of you doing such a service at their homes or offices? Recently this question came up with a gentleman who wished to start an a mobile oil change business in a town which did not have a Super Wal-Mart (only Super Wal-Marts) change oil, regular ones do not have those auto services.The gentleman was getting ready to launch a small mobile oil change business and he stated: “I think people would be willing to pay $25.00 for a simple oil change if you came to them. Then include wipe
Eight Deadly Sins of Mergers and Acquisitions
Global mergers and acquisitions advisers, especially, the investment bankers are doing extremely well consummating trillions of dollars in deals as a result of cheap debts, ambitious company executives and desire for expansion (Financial Times [FT], 12/21/2006). Deals announced in 2006 have outpaced those consummated in 2000 by over 16% totaling $3,900 billion. According to statistics from Dealogic and reported by the FT, the top ten investment bankers including Goldman Sachs, Citigroup, JPMorgan, etc. have been working on deals worth $7,341 billion in 2006. The news media provide extensive coverage of these deals. It is common knowledge that once these M&As have been consu
ing high standards for quality, reliability and customer acceptance.Global mergers and acquisitions advisers, especially, the investment bankers are doing extremely well consummating trillions of dollars in deals as a result of cheap debts, ambitious company executives and desire for expansion (Financial Times [FT], 12/21/2006). Deals announced in 2006 have outpaced those consummated in 2000 by over 16% totaling $3,900 billion. According to statistics from Dealogic and reported by the FT, the top ten investment bankers including Goldman Sachs, Citigroup, JPMorgan, etc. have been working on deals worth $7,341 billion in 2006. The news media provide extensive coverage of these deals. It is common knowledge that once these M&As have been consu
In short, the name Toyota has become synonymous with the standard of excellence to which many aspire.
Reaching this standard didn't happen by accident. It was accomplished by having a consistent
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