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Casual Articles - An Entrepreneur's Biggest Cost
If There Are No Customers, There Are No Jobs!
I recently started my VA business, so I dropped in to my local Office Supply store (one of the big chains) to pick up what I expected to be approximately $1,000.00 worth of needed software, pens, etc. (The VA business is all about support, so having exactly what you nee
pose for which the asset could have been used. In the entrepreneur’s case, this asset typicI recently started my VA business, so I dropped in to my local Office Supply store (one of the big chains) to pick up what I expected to be approximately $1,000.00 worth of needed software, pens, etc. (The VA business is all about support, so having exactly what you nee
Partnership Power: A Smart New Way to Improve Your Business and Your Life
In the beginning, great products were enough to guarantee your business success. With product sophistication, ‘six sigma’ manufacturing and zero defects you could consistently beat the competition.But benchmarking, product imitation and reverse engineering came o
When launching a new product or company, an entrepreneur must consider their biggest cost - the opportunity cost. Opportunity cost is an economic term that is defined as the cost of passing up the next best alternative when making a decision. For instance, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur’s case, this asset typicaIn the beginning, great products were enough to guarantee your business success. With product sophistication, ‘six sigma’ manufacturing and zero defects you could consistently beat the competition.But benchmarking, product imitation and reverse engineering came o
Consolidated Freight 1929-2002
There was a lot news on the Bankruptcy of Consolidated Freight, which rocked the transportation industry, but what most failed to realize is that CF was founded in 1929 and this nation lost a great company.http://seattlepi.nwsource.com/business/85350_consolidated
the opportunity cost. Opportunity cost is an economic term that is defined as the cost of passing up the next best alternative when making a decision. For instance, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur’s case, this asset typicThere was a lot news on the Bankruptcy of Consolidated Freight, which rocked the transportation industry, but what most failed to realize is that CF was founded in 1929 and this nation lost a great company.http://seattlepi.nwsource.com/business/85350_consolidated
Job Interviews: Things To Avoid
As a young business owner it is my preference to work a part-time job when starting a new business venture. I like to have money coming in through different sources at all times. My inability to obtain a job is the main reason my first business venture failed. After get
passing up the next best alternative when making a decision. For instance, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur’s case, this asset typicAs a young business owner it is my preference to work a part-time job when starting a new business venture. I like to have money coming in through different sources at all times. My inability to obtain a job is the main reason my first business venture failed. After get
Opening A Dollar Store - Eliminate Unneeded Space
Reducing costs and expenses is a constant battle for those who are opening a dollar store. The battle starts with the very first steps that are taken in preparation for opening the business. They continue as long as the business remains open.The price paid for b
as capital is used for one purpose, the opportunity cost is the value of the next best purpose for which the asset could have been used. In the entrepreneur’s case, this asset typicReducing costs and expenses is a constant battle for those who are opening a dollar store. The battle starts with the very first steps that are taken in preparation for opening the business. They continue as long as the business remains open.The price paid for b
Branding Your Name
Don't just buy a product and give out to potential clients. Does the product really meet your company needs? Is it the right promotion for you company? Learn how to find the right product for the right promotion.Here are a few questions that you should ask befo
pose for which the asset could have been used. In the entrepreneur’s case, this asset typically includes the entrepreneur’s time and money.Don't just buy a product and give out to potential clients. Does the product really meet your company needs? Is it the right promotion for you company? Learn how to find the right product for the right promotion.Here are a few questions that you should ask befo
For an individual currently working in a corporate position, the opportunity cost of launching their own venture is typically the financial security that their corporate position affords. Fortunately, this security could be mitigated by attaining funding for the venture and setting the same salary as the prio
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