Sometimes Top Performers Are Theives
I read onetime somewhere that many child molesters are over achievers in their field. The reason behind this is because when someone accuses them it won’t be believed since they are so respected and looked up to in the community. You can have a similar thing going on in your company. Once I replaced a […]
Should I buy a business or am I crazy?
I recently had a gentleman ask the question should I buy a business, or am I crazy? The answer is no, you are not crazy, and yes you should buy a business with certain caveats! I want to disclose here that I was a licensed Business Broker and I am writing this as personal, not […]
It’s not how fast you grow, but how well you grow fast!
While working at Xpert Tune we were trying very hard to expand the company and I was in charge of Human Resources. Having been given the task of hiring and training new managers for new stores that we were opening we would usually run an ad and receive over 100 resumes to choose from. We […]
What to do when asked for a price reduction?
First remember customers are not in business to be concerned what your costs are. Never respond immediately, say “I will have to get back with you on that!” and never give out detailed information that justifies the cost for your service or product and make sure your staff knows that this is a hard and fast […]
Location, Location, Location
So many questions to consider when choosing locations! It really depends on what business you are in and who is going to buy from you. Here are a few things to consider. Do your customers come to you? Do you have to go to your customers? Do you have employees? Do you manufacture products for distribution?
How to diversify your Business to grow sales and increase stability!
Most people understand what it means to diversify so don’t resent me for giving a simple definition for the beginners. To diversify your business is to create or acquire a new product or service to offer your existing customer base. If your intention is to acquire a new customer base then to me you are […]