You may have been having some difficulty procuring a business loan for your start up. In difficult economic times this happens frequently.
This is a brief article for people who are working for themselves who have clients that are unable or unwilling to pay for your work.
While a great idea, a needed service or product, and a known area for marketing are all very important, let’s face it…getting funding for your business is critical. Most businesses will start up with investments made by the owner, but often, that will not be enough to insure success.
The Sausage Vendor said he bought his sausages for a buck, and sells them for $.95. When challenged as to how he would make money, he said, “No problem, I’ll make it up in volume.”
Every company has an accountant. They are often seen as gray men, with round glasses and little social skills. Many think that their existence is justified by bookkeeping, which, in turn, is a law enforced requirement, right?
After Kinko’s was bought from Paul Orfalea in 2000 by FedEx, Kinko’s went from a paragon of “good profit” to an unfortunately great example of “bad profit”.
Somebody did a study of sales people who make over $250,000 and found out that the #1 reason for their success was SPEED OF EXECUTION.