You’ve all seen or heard or experienced a 3-legged stool. It is very stable, even if the legs are uneven in length. And, if you remove one leg, it won’t stand at all. So it is with your business. The 3 legs of your business are: Production Marketing Administration Your business will ultimately fail if … Read more
What-the-? Years ago, one of my mentors told me that, as a leader, it was one of my functions to help my group “Fail Successfully”. I asked him how was such a thing possible? “It’s easy,” he said. “Just be sure that when you are training up your group, that… 1. You allow them to … Read more
So, while taking my time to finish brushing up details for a new web venture, my business plan gets blown up. I swear I didn’t do it! The main website I had intended piggy-backing my efforts on changed the rules. They decided to change their own business plan a bit, and the howls began in … Read more
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 … Read more
Our society, though is says otherwise, is determined to keep us all in a state of compliance with the status quo. We are addicted to our TV’s, our Texting, Our MySpace… Hahaha… Our fancy cars, bling of all sorts, our show-me-the-money lifestyle. Debt and Despair are our lot as we conform to our need to … Read more