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Author: mandmweb

Creating Cash Flow with Old Inventory

Being a retail consultant, there is a comment many business owners used. It is “I’m not giving away my inventory”. It is most common among store owners that business is in bad shape. It is too bad that most retail owners don’t understand about inventory. Inventory does two things. It eithers makes you money or costs you money. You need to have sufficient inventory to be profitable. However, having too much inventory is a larger problem than too little inventory. Too much inventory ties up critical cash for your business. It can also result in more damages to your...

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Cash Flow Planning for Solo Professionals

You’ve heard it a million times – cash flow can make or break a business. Lack of cash flow planning is the reason why many businesses fail. In fact, many PROFITABLE businesses fail because of cash flow issues. Without adequate cash flow, you can’t pay your bills and you can’t make plans for your business. So… what is cash flow planning? Cash flow planning is projecting your future cash inflows from sales, services, and loans, and comparing them to your future cash flow needs (suppliers, salaries/wages, loan payments, taxes, etc.). The difference between the two is your net cash...

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Awareness And Mastery – Two Essential Keys To A Successful Small Business

At the heart of it, mastery is practice. Mastery is staying on the path.” ~ George Leonard US pioneer in human potential We often hear managers complaining that their employees aren’t productive, don’t listen and just can’t consistently get the job done. As a youth sports coach, I hear coaches with similar complaints—the kids don’t listen, don’t know where to go and don’t try very hard. I can’t relate. The boys on my team are usually focused, do what I ask of them, and work hard. As a business owner, my employees are focused, do what I ask of...

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Characteristics of a True Sales Leader

In the average sales organization, successful sales reps get promoted to managers. These “new” sales managers are suddenly tasked with leadership and training. In these situations, there is one common liability. The salesperson’s biggest strength now becomes the sales manager’s biggest weakness in leading a team. Typically, top sales reps don’t diagnose and document their sales routines and processes; rather, they “just do it”, as the sneaker commercial so aptly says. So, when they are asked to advance the same superior results in a large group, they can not do it. Why? Because these individuals are exceptional “drivers.” Most...

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10 Advantages Savings Plans Have That The Forex Does Not

1. Safety. In general an investment paying 12% interest is not as safe as one paying 6%, but it is doubtful if the 12% investment involves twice the risk. If the income offsets the additional risk or provides a reserve against which to write off losses when they eventually come, then high yield investments justify themselves, and they do when they are chosen with intelligence, with information at hand on the investment and when they are administered carefully, as we will see. Along with this general theory that there is a good deal of merit to investing in high...

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