Archive for the 'Finances' Category

Getting Down to Business

If you want to be in business for yourself — be in business. Think and Act like this is important to you. Put your hobbies away and get down to business.
The Bottom Line
The bottom line is that your business needs to make a profit, or it isn’t a business, but a charity — for your [...]

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Business Records Begin with Bookkeeping

Bookkeeping Keeps Track
With your plan in place, you have to know your progress so you can compare to plan. This measure should be strongly weighted in the direction of finances. Without a strong financial control, your business can go down the proverbial tubes.
The surest way to get into financial trouble is to not keep track [...]

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Buy Right, FIRST, to Make Profits Last

Profits come after all the costs are deducted from the Sales revenues. The largest deduction is generally the one called Cost of Goods Sold, or COGS. Everything that is directly attached to a sale can be considered a COGS component.
In our online retail business, what we pay for the physical goods we sell, and the [...]

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The Secret To Business Success

How many Thousands of books and articles have been written about Business Success? I’m certainly not going to outdo any of them in a few paragraphs. But, I can sum up my years of experience and research,

Find a Market
Find a Product or Service
Sell Lots
Control Expenses

Market
This is a pool of potential customers. You know who [...]

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