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Hub You - There's Magic in Thinking Big
Ambitious Entrepreneurs n I started Lee Resources in November, 1987, I remember sitting down and writing a BIG number on the bottom line of my profit plan for 1988. It was more than double the amount I earned in my last year as a corporate officer in my former company.The ambitious entrepreneur usually has their dream in place and now just has to concentrate on reaching their vision and making it become a reality. Life is exciting and success is just a grasp away, it is not a matter of if, but rather when.The idea behind the business, be it a product or service you are going to offer fills you with passion and the will to succeed. It is your dream now and you are going to take that dream and breathe life into it to turn it into a successful business. Now you just have to get it off the ground then manage your business the right way to make it succes It even scared me a bit staring at such a BIG bottom line number, but I put my fear aside and moved on to the next step: planning how many billing days I needed to sell and The Dollar Store Franchise - Taking The Market By Storm I grew up in a really great little town by the name of Dallas, GA, a rural community 32 miles northwest of Atlanta. I grew up in the 1940s and 50s in economic times that were far less robust than they are today. Many of the folks who lived in what we called the "out in the country" were farmers who had to work 12 to 14 hours a day to barely scratch out a living. In those days, many farmers didn't own a car or truck, so it was not unusual for them to ride into Dallas on a farm tractor or in a wagon hitched to a workhorse to pick up provisions for the coming week.Have you noticed that one of the aisles in your local supermarket or Wal-mart is now reserved for $1 items? Even though same item, under a different brand name, may be available for a higher price elsewhere in the same store?If so, you’re not alone. Dollar store franchises have been among the fastest-growing segment of the retailing business for nearly a decade, and a report from “Retail Forward’ estimated that there were enough US markets into which dollars store franchises had not penetrated that the growth would continue for several more years.What is of even more concern To give you more of an idea of what economic conditions were like back then, the minimum wage was well under $1 per hour. A worker would toil an eight-to-ten-hour day in the local cotton mill for $40 to $50 a week. Yet in my hometown, in communities "out in the country" and in other communities around the country, there were individuals who were did extremely well. They bucked the economic trend. Isn't it like that in your community: there are business owners who are starving to death, but there are also those who seem to always do well regardless of economic conditions. I'm reminded of a famous quote from Wal-Mart's founder, Sam Walton. One particular year when a recession was predicted by virtually everyone in the news media, Mr. Sam commented to a reporter: "If there's a recession coming, I've decided that I won't participate." Walton is also well known for another applicable quote: "High expectations are the key to everything." Every entrepreneur I ever read about seemed to rank "high expectations" way up there when commenting on how they achieved such lofty levels of success. When I started Lee Resources in November, 1987, I remember sitting down and writing a BIG number on the bottom line of my profit plan for 1988. It was more than double the amount I earned in my last year as a corporate officer in my former company. It even scared me a bit staring at such a BIG bottom line number, but I put my fear aside and moved on to the next step: planning how many billing days I needed to sell and Marketing Plans... A Simple Approach To Get Off The Marketing Roller Coaster was not unusual for them to ride into Dallas on a farm tractor or in a wagon hitched to a workhorse to pick up provisions for the coming week.Are You Riding The Marketing Roller Coaster?If you're like many of the small business owners or independent professionals I meet, then running and marketing your business can be like riding on a roller coaster. I'm picturing a roller coaster that mostly goes up and down as opposed to one that flips you upside-down or sends you around backwards. I guess you might call it more of an old-fashion roller coaster.Does this sound like your business at all?When business is good, we really don't have a lot of time for marketing. After all, we have to service To give you more of an idea of what economic conditions were like back then, the minimum wage was well under $1 per hour. A worker would toil an eight-to-ten-hour day in the local cotton mill for $40 to $50 a week. Yet in my hometown, in communities "out in the country" and in other communities around the country, there were individuals who were did extremely well. They bucked the economic trend. Isn't it like that in your community: there are business owners who are starving to death, but there are also those who seem to always do well regardless of economic conditions. I'm reminded of a famous quote from Wal-Mart's founder, Sam Walton. One particular year when a recession was predicted by virtually everyone in the news media, Mr. Sam commented to a reporter: "If there's a recession coming, I've decided that I won't participate." Walton is also well known for another applicable quote: "High expectations are the key to everything." Every entrepreneur I ever read about seemed to rank "high expectations" way up there when commenting on how they achieved such lofty levels of success. When I started Lee Resources in November, 1987, I remember sitting down and writing a BIG number on the bottom line of my profit plan for 1988. It was more than double the amount I earned in my last year as a corporate officer in my former company. It even scared me a bit staring at such a BIG bottom line number, but I put my fear aside and moved on to the next step: planning how many billing days I needed to sell and What to Use an Offshore Company For and Where to Set One Up
If you decide you’d like to reduce your tax burden, protect your assets, simplify your company operations or enter into cross border business transactions for example, and you’re interested in whether an offshore company structure could help with any or all of the above, chances are it could.There are many ways you can use an offshore company, many benefits you can derive from the use of one and many locations in which you can set one up…so how can you decide whether such a structure is applicable to you and how on earth should you decide where to incorporate an offshore company? in other communities around the country, there were individuals who were did extremely well. They bucked the economic trend. Isn't it like that in your community: there are business owners who are starving to death, but there are also those who seem to always do well regardless of economic conditions. I'm reminded of a famous quote from Wal-Mart's founder, Sam Walton. One particular year when a recession was predicted by virtually everyone in the news media, Mr. Sam commented to a reporter: "If there's a recession coming, I've decided that I won't participate." Walton is also well known for another applicable quote: "High expectations are the key to everything." Every entrepreneur I ever read about seemed to rank "high expectations" way up there when commenting on how they achieved such lofty levels of success. When I started Lee Resources in November, 1987, I remember sitting down and writing a BIG number on the bottom line of my profit plan for 1988. It was more than double the amount I earned in my last year as a corporate officer in my former company. It even scared me a bit staring at such a BIG bottom line number, but I put my fear aside and moved on to the next step: planning how many billing days I needed to sell and Today is the Right Time for a Career in Graphic Design redicted by virtually everyone in the news media, Mr. Sam commented to a reporter: "If there's a recession coming, I've decided that I won't participate."Graphic design is a field that is rising in possibilities for artistically creative minds. With new websites popping up by the thousands daily, it makes sense that now is the perfect time to be a graphic designer. All it takes is a little artistic flair and a willingness to invest the time into learning the coding required to turn your design talents towards a more technical endeavor.If you have considered a career in graphic design or this is something you might find interesting now that you’ve heard about it, perhaps you would consider taking an online course or two to familiarize yo Walton is also well known for another applicable quote: "High expectations are the key to everything." Every entrepreneur I ever read about seemed to rank "high expectations" way up there when commenting on how they achieved such lofty levels of success. When I started Lee Resources in November, 1987, I remember sitting down and writing a BIG number on the bottom line of my profit plan for 1988. It was more than double the amount I earned in my last year as a corporate officer in my former company. It even scared me a bit staring at such a BIG bottom line number, but I put my fear aside and moved on to the next step: planning how many billing days I needed to sell and Branding Yourself To Increased Profitability n I started Lee Resources in November, 1987, I remember sitting down and writing a BIG number on the bottom line of my profit plan for 1988. It was more than double the amount I earned in my last year as a corporate officer in my former company.Successful Realtors know the importance of branding their identities into the consciousness of the communities in which they live, like the big boys; Pepsi, McDonald's, Burger King, and other companies we know and have come to trust.Why is branding important? Think about it! When you want a soda do you buy an unknown off-brand just because it's cheap?Or, do you reach for a Coke? I'm a Pepsi guy myself, but you get my drift!And why do you do that? Because there's comfort in familiarity and you know what you're getting when you buy it.We spend mega It even scared me a bit staring at such a BIG bottom line number, but I put my fear aside and moved on to the next step: planning how many billing days I needed to sell and how much I had to generate in product sales to make the profit plan come true. The final step was coming up with what marketing activities I would implement to sell the billing days I needed to meet my income goal. It was actually a fun process. Then came the hard part: implementing my plan, which required a lot of personal discipline. At the end of 1988, I exceeded my income goal by about 20%. Wow! I thought. This planning stuff really works. That experience gave me the confidence I needed to convince my clients to follow a similar profit planning process. Now, 2007 is just around the corner and I am still following the same process. How about you? What are your expectations for 2007? Have you developed a game plan? If a slowdown is predicted for your market, are you going to participate or are you going to buck the trend and figure out how to get a larger share of your market? Step #1: Begin by writing down the amount you want your business to earn in 2007. Step #2: Ask your salespeople to list each existing customer and each prospect on a spreadsheet and predict how much they believe they will sell in 2007. Step#3: When planning operating expenses, begin by listing each of your people vertically on a spreadsheet. In the next column, list how much they earn right now and in the next column, how much you plan pay each employee in 2007, and for the ones you plan to give a raise in pay, plug in the new level of pay in the month the raise will go into effect. Step #4: Review operating expenses from 2006 and estimate how much you plan to spend in each expense category in 2007. Step #5: Now back in to gross mar
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