Loans Have To Be Paid Back Eventually (TMBW 125)
Know the difference between a gift given to you to put towards your business and a loan that must be paid based on defined terms and conditions.
Know the difference between a gift given to you to put towards your business and a loan that must be paid based on defined terms and conditions.
As a history buff, I know a lot about things that happened before I was born because someone took the time to document the events in hopes future generations can learn and grow. As a businessperson, be a student of other’s history of progress so that you too can learn from the past to help you progress toward a more lucrative future.
When you’re not working on your business, you’re not working on your business. But there are times when the best thing you can do for yourself and your business is to not work on your business and be unreachable for a while.
Getting a new business off the ground is hard. Keeping an existing company going is hard. If the company you call your own is not taking care of you as you would like, you should consider going out to get a job working for someone else.
All job seekers know that a typical job description as written is supposed to disqualify as many applicants as possible. All employees also know that ‘other duties as assigned’ is a back door for abuse through piling on unrelated work as any boss can declare as ‘necessary.’
hen you go shopping, ever notice that the prices seldom end in zero? Why do prices end in 5, 7, 88, or 9?
If you are just getting started in business and are unsure of what to focus on as a product or service, find the intersection of these three concepts: what you can do or produce, what people will pay money for, and what you don’t mind having to do. In that order of importance.
Your desire to save everyone will take you to a very dark place personally, and keep your bank account low professionally if you spend too much time trying to help clients not ready to help themselves.
Advertising is not otherworldly sorcery. An advertising campaign does a good job if it brings in more customers but transactions must be completed and payment collected to be ultimately successful.
‘Fairness’ is a relative concept that gets lost in comparisons to others. What is a fair cost for some is an outrageous ask for others, not necessarily because of the value of service but from the ability to pay. So, charge those with the ability to pay more a little more, so you can offer quality service to those who can use it but cannot quite afford a premium price for it. Yet.