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Casual Articles - Business Profiles--Know Yourself and Your Competiton
Gumball vending machines are among the oldest surviving types of vending machines. (An interesting side fact is that the first vending machine was a water dispenser in Egypt circa 100 B.C.) The first gumball machines were penny machines. You can still get those antiques, although they are more for novelty use than a way for you to make a profit. Who wants to carry around five dollars’ worth of pennies?Most gumball vending machines today are quarter-operated. The great thing about gumball vending machines is that they do not require any electricity for keeping cool or for accepting coins and dollars. Anyone can afford to buy a gumball machine. They start at $50, and even the most elaborat
Standardization sought to classify 'industry' in the broad sense of a
I remember a time -- and it doesn't seem like that long ago -- when voicemail was all the rage. There was no e-mail, so people tended to honor and even return voicemail messages. It was a good time...But that's history now. E-mail has changed everything, and people now hit the delete button on their voicemail messagesthe instant the they hear something they don't like -- which is usually when it's a message from an unknown inside sales rep. What to do?The good news is that there are some rules you can follow that will give you the best chance at getting your prospect to maybe call you back.And I say maybe because people are simply too busy to call people back -- especially
The classifying authority for industries in the United States is the census bureau. Standard industry classifications began in 1934 because data collected by the government for similar businesses was not suitable for comparison across a broader range of businesses. The classification system consisted of a four-digit Standard Industrial Classification (SIC) code with the first digit representing the broadest classification.
Standardization sought to classify 'industry' in the broad sense of al
A few years ago I worked with three other coaches to facilitate a program for a medium-sized financial services company. The company was started several years earlier by their up-and-coming CEO and is still privately held. Our program was built around the topic of internal communications. This company has always had a great outward appearance to its customers, but internally there was much room for improvement. We hoped to tag on to some additional work there, including coaching for their managers and above as well as additional group facilitation.The CEO liked the work we did, but regarding any future business with his company, he left all negotiating with us in the ha
The classifying authority for industries in the United States is the census bureau. Standard industry classifications began in 1934 because data collected by the government for similar businesses was not suitable for comparison across a broader range of businesses. The classification system consisted of a four-digit Standard Industrial Classification (SIC) code with the first digit representing the broadest classification.
Standardization sought to classify 'industry' in the broad sense of a
Newsletters are a means of communication between a company and its employees, clients, patrons and customers. These are periodically printed updates about products, events and other news about your company. This is a good means of increasing your market exposure. By regularly reminding your market of your presence, you give an impression of consistency and stability.Regular communication builds consumer-producer intimacy. It helps build trust and improves customer relations. By regularly promoting your products, the improvements and updating customers of your services, you give them a sense of reliability. This makes your market more aware of your brand. This is called brand awareness. B
Standardization sought to classify 'industry' in the broad sense of a
How is the health of your business? Take a quick pulse by looking at the following areas:1. Financials - key items to look at are your balance sheet, income (or profit & loss) statement and cash flow statement. Is your equity, profit margin and cash flow growing? If not, why not? If so, what plans do you have with your growing cash flow? Reinvestment? Expansion? Capital Investment? Acquisition? Do you have any major expenditures coming up on the horizon? If so, will you have sufficient cash or will you need to finance?2. Market Analysis - start from scratch and see if you have a targeted niche market. If not, how can you further define your niche. Remember, oftentimes the more nar
Standardization sought to classify 'industry' in the broad sense of a
Is staff turnover driving you bonkers? Do you feel you are losing money and market share? Do you contribute this to the absence of loyalty and dedication among your staff? Would you rather have a "team" and not ever worry about absences or staff turnover again?If you have asked yourself these questions over and over again, I have very comforting news for you. You can have a dream team. Like all relationships, it takes time to build a team but it can be done and much easier than you think.You must brace yourself for what is about to be shared with you. Remember, you are being given help and not raked over the coals. What is common knowledge about most highly educated profe
Standardization sought to classify 'industry' in the broad sense of all economic activity; that is, agriculture, forestry and fisheries; mining; construction; manufacturing; wholesale and retail trade; finance, insurance and real estate; transportation, communication, electric, gas and sanitary services; and services. They began by classifying manufacturing and reached the first agreement in 1938.
The United States, Canada and Mexico developed a joint North American Industry Classification System (NAICS) in 1997. This is a six-digit code with major sub-divisions using one to four digits. NAICS/SIC comparison charts
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