Archive for Business Tips

Developing communication skills for the 21st century

January 24, 2012 No Comments

Marye Tharp, senior lecturer of the University of Texas’s marketing department, says any communication or marketing professional “needs cross-cultural research and communication skills to be able to succeed in the future.” In the globalized marketplace, communication skills are of paramount importance because not all markets are the same. Unless a seller understands the cultural differences ...

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Stay away from debt

January 12, 2012 No Comments

The most sensible tip for entrepreneurs, housewives, students and just about everybody else goes thus: Stay away from debt. While not always practical – how many of us can afford to buy houses for cash or have huge nest eggs with which to start a business? – the next best thing may be to minimize ...

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Consumer confidence returning

January 5, 2012 No Comments

Lately, there have been more data released that indicates that the worst is likely to be over for the US economy. While in the last few months, the economy seem to have had a downward spiral and was headed towards recession, apparently it is now on the road to recovery. This means that now is ...

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Fulfill the dragon’s prophecy

January 3, 2012 No Comments

If you have Asian blood, specifically Chinese blood, you probably know that by the end of the month, the Year of the Water Dragon begins. So what’s the big deal? For businessmen, at least, the Year of the Water Dragon is said to be good for business. While we should take this with a grain ...

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Remove the clutter

December 29, 2011 No Comments

A researcher named Damian Rotter found out that nearly four out of five people did not succeed or at least failed to meet their full potential because they are bogged down by what he calls “mental clutter.” Rotter’s research concluded that 78 percent of workers are driven by some things outside of themselves like weeds ...

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New year calls for new look

December 27, 2011 No Comments

The countdown to 2012 has begun. By all accounts, the yearend sales of wholesalers and retailers did well throughout North America and Europe. This augurs well for the economy in general and entrepreneurs in particular. Operators of online stores selling consumer goods should have done well, with the upward glitch in sales providing much needed ...

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Perfecting someone else’s bright idea

December 20, 2011 No Comments

No one can have an exclusive right to a bright marketing idea. Brilliant concepts cannot be patented. The best thing that anyone who develops such magnificent thoughts is to be the first to apply it, and make sure he applies it best. Otherwise, anyone can come in, study that concept, improve on it, and make ...

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Inventory sales time

December 15, 2011 No Comments

Stores, whether online or physical, usually have once-a-year inventory sales. This is when the old stock of goods that they have are disposed off by offering them at reduced prices. The sale is necessary in order to make way for newer goods. Brick-and-mortar stores need the physical space, but what about online stores? They don’t ...

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A formula for selling more

December 13, 2011 No Comments

Among door-to-door salesmen, there is one cardinal rule that they must follow if they are to make substantial income. That rule goes thus: the more you see, the more you sell. Specifically, the more sales calls they make, the greater the chances of selling a lot of whatever it is that they sell. They can ...

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Keep your finances in order

December 8, 2011 No Comments

A common mistake of first-time entrepreneurs is their failure to separate their personal funds from their business funds. Personal funds are what is used for living expenses. These include such big ticket items as rent or amortization, food, and transportation including payments for vehicles. Business funds are the moneys used to keep a business in ...

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