Chris's blog
Vendor Disincentives
I know, I know, vendors promise you the world… Actually most vendors are extremely accurate and competent at what they do. Anyways, what do you do when a vendor promises you certain terms like lead times, project completion or certain quality levels and leave their half of the contract unfulfilled?
The Thirty-Day Out Clause
One of the worst fears of taking on a new vendor is not knowing how they are really going to perform until you allow them to go to work for you.
Check Vendor References!
OK, the vendor is in your office. The Price is right. The Technology is right. The Terms are right. You are ready to sign the contract, right?
STOP!!!
Did you check references? Don’t sign 'till you do or you will be sorry.
Apples, Distractions and Business
The easiest thing in business is to ‘Not Do.’
‘Not Do’ marketing; ‘Not Do’ customer care; ‘Not Do’ paperwork.
The harder thing in business is to ‘Do.’
To physically make yourself ‘Do’ marketing; ‘Do’ your job; ‘Do’ the work it takes to keep customers.
The hardest thing in business is to ‘Think.’
‘Thinking’ is what compensates us the most but it is done the least.
When we Think we create. When we Do we persue. When we Not Do we are distracted.
The National "Business Do Not Call Registry"
Depending on who you speak with, telemarketing contributes from $600 billion (Direct Marketing Association, DMA) down to $20 Billion (the FCC) in annual sales. In either case, an industry that adds billions to the GNP is one to be reckoned with.
Since the passing of the National Do Not Call List in 2003 many countries have followed the US’s lead in privacy and reducing the number of sales calls a resident gets.
Batteries, Batteries, We Don’t Need No Stinkin’ Batteries!
Currently the Portable Energy Market (fancy words for Batteries!) is a $50 Billion dollar global business. Battery University 2010
For many businesses that depend on batteries to run their tools and equipment rechargeable batteries is the only way to fly.
Ways to Create Float with Your Business and Earn Extra Cash
Float is duplicate money present in the banking system during the time between a deposit being made in the recipient's account and the money being deducted from the sender's account. This float allows you to earn interest of the money before you have to use the capital resource to fulfill your contractual obligations.
One for You and Two for Me
Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a medium of exchange, such as money. Wikipedia
"Don't Count Your Chickens..."
1. Income – Outgo = Cash flow
2. Revenue – Expenses = Profit
3. Future Customer Revenue – Current Expenses (Mark-to-Market) = Destruction
1000's Turn into 50
Ok… you got your forms because you need a requisition for this or that. “Let’s order 500 and be done with it.” Realty sets in and a year later your box of 500 is still in the corner of your office and you only used about 46 of them.
One of the quickest ways to save a little money is to save digital your files in a digital format and print them as needed. When you start printing about 20 to 40 copies of the same form a week then it makes sense to get the box of 500 from the printers.
