Indeed a very important business success principle to be considered by people but that rarely is gained much from.
The expression is not the easiest to understand by simply read or hear, but it is actually very simple. It just means that it is cheaper or more efficient to do things on a large SCALE or in a "big" manner. A simple example is to make a presentation to 20 new potential customers at the same time instead of 20 individual presentations. In short, you get more for your money. You must look all opportunities to involve many people.
Exact same principle applies to purchase. Companies often buy again and again the same stuff, but because you relatively don't see it as expensive the cost savings over time is not obvious.
Evaluate your business buying patterns to see if you have opportunities for the buy the greatest quantities at lower prices. Not only this will save money, it will also reduce the amount of time that you or your employees have to devote to reorganizing constantly these deliveries.
Investment (ROI)
Made simple, ROI refers to you getting back the time, talent and money you invest in an enterprise. If you are going to be a contractor, then please place your money, time and talents with wisdom. Invest in a company so that if you are successful, it really does give you a great return.
Someone has never invested in a poor stock and make great returns? Of course not! The same applies in the business. There are two elements to a successful business and both are crucial. You must select a good business and you have to have good business practices.
Do not think only about how cool it might be to have a Cozumel business in Mexico. Remember the enterprise as something professional. Do you see solid rock in the foundations of the company? And secondly, think about your ability to successfully manage such an undertaking. If you are not intending to be demanding in your search for a good company and you do not intend to be demanding about yourself for good business practice, then you must be prepare to accept the consequences. In summary, a good company relies in solid business principles.
The expression is not the easiest to understand by simply read or hear, but it is actually very simple. It just means that it is cheaper or more efficient to do things on a large SCALE or in a "big" manner. A simple example is to make a presentation to 20 new potential customers at the same time instead of 20 individual presentations. In short, you get more for your money. You must look all opportunities to involve many people.
Exact same principle applies to purchase. Companies often buy again and again the same stuff, but because you relatively don't see it as expensive the cost savings over time is not obvious.
Evaluate your business buying patterns to see if you have opportunities for the buy the greatest quantities at lower prices. Not only this will save money, it will also reduce the amount of time that you or your employees have to devote to reorganizing constantly these deliveries.
Investment (ROI)
Made simple, ROI refers to you getting back the time, talent and money you invest in an enterprise. If you are going to be a contractor, then please place your money, time and talents with wisdom. Invest in a company so that if you are successful, it really does give you a great return.
Someone has never invested in a poor stock and make great returns? Of course not! The same applies in the business. There are two elements to a successful business and both are crucial. You must select a good business and you have to have good business practices.
Do not think only about how cool it might be to have a Cozumel business in Mexico. Remember the enterprise as something professional. Do you see solid rock in the foundations of the company? And secondly, think about your ability to successfully manage such an undertaking. If you are not intending to be demanding in your search for a good company and you do not intend to be demanding about yourself for good business practice, then you must be prepare to accept the consequences. In summary, a good company relies in solid business principles.
About the Author:
Sam Levitz is a well-known, published author that brings us regular, work from home Hawaii articles and resources to teach people to create wealth from home. He is known as a leader in his state and industry for giving the gift of abundance to thousands around the nation especially those that desire to work from home Hawaii.
Articles
Aucun commentaire:
Enregistrer un commentaire