"Having gained global confidence in Software Development services, Indias natural progress towards developing cutting-edge high-end technology products is seeing it gain global acceptance and familiarity in its R&D Offshoring Services."India, the favored destination for outsourcing of software development, is now powering her way towards becoming the most favored destination for offshore outsourcing of R&D as well. According to Zinnov, an...more
Those entering the world of retailing soon find it can be fun, challenging and rewarding all at the same time. There are so many different things tugging you in every direction. There are so many tasks to be completed and so little time. It is very easy to put off the less desirable tasks in favor of the more enjoyable duties. One of the less desirable duties is associated with protecting your business from sustaining losses. Yet failing to take...more
In todays tough economic times retailers are really stuck in a difficult position. On the one hand they must face a marketplace where shoppers are definitely less willing to part with their hard earned money. This behavior is reinforced as almost everywhere you look there is another economic doom and gloom statistic or report. On the other hand the costs associated with owning and operating a retail business are rocketing ever-higher. For those who are focused on dollar store profits, this combination is tough to take. However, with a little creativity there are ways around some of the issues. To find out more read on as I present a creative solution to one of the biggest cost factors facing dollar stores.What is that creative solution? It is purchasing your dollar store merchandise from closeout and liquidation suppliers. These companies can provide almost every imaginable item for prices that will help send your dollar store profits soaring.Now this option doesnt come without costs and risks of its own. While you are paying pennies on the dollar for the dollar store merchandise you obtain, you must be ready, willing and able to handle these extra costs and risks. However,...more
The cruel reality when your own a dollar store is the margins are extremely tight. If you are to create dollar store profits you must be a good business person. You must understand how to manage inventory. You must know how to purchase wisely. You must know the drivers to increase dollar store profits. For example, it is a mistake to waste time and...more
Starting your own new business has many challenges, especially when its a dollar store. There are questions about the right format, which location is best, how big does the store need to be, what is the right time of year to open, where to find the best dollar store merchandise, and so much more. Answering those questions is where locating a...more
Starting your own business is filled with risks, challenges and unexpected problems. Yet for those who take action and actually start there own business there is the potential for so many rewards. Theres the pride of ownership. Theres the freedom of being your own boss. Theres the potential to make big profits. The list goes on. For those opening a dollar store there are certainly plenty of opportunities for reward. Yet there are many opportunities to make mistakes as well. For example you could buy the wrong dollar store merchandise to open your store. Some of the mistakes will be close to fatal for the new business. Others will likely do damage to the business but not leave it beyond repair. In this article I present 8 mistakes to avoid when you start your dollarstore.Mistake #1 Opening a dollar store without proper funding and financing. At one time there were many lucky dollarstore owners who started with a little cash, some credit plus a wish and a prayer. Well, the times when that strategy will work are gone. Dollar stores are retail businesses. They must be managed with intelligence and sound judgment. One place you should never compromise is when it comes to...more
Despite the worsening conditions of our economy, quick-thinking individuals still manage to find success in opening niche, but profitable businesses. These businesses prove not only to be very financially rewarding, but they also have the ability to...more
Sounds too good to be true doesnt it? Believe me its not. I know firsthand its my real life story and now I coach other people to hit goals they never dreamed possible! Herere the facts: In less than a year I went from 0 (actually less than...more
Due diligence is an essential step in real estate investment. After selecting the property type and geographic location, the investor needs to ascertain he has accurate information regarding the physical asset, financial performance, tenant base and...more
Truly Great Leaders expect maximum productivity from everyone!In High Performance Teams absenteeism is very low, productivity is high, and people are busy doing what they should be doing to contribute, they are entirely relaxed about the leader and...more
All project management is risk management (Eric Verzuh)Risk management is an essential activity in any project or organisation. Risk is defined by M_o_R (Management of Risk, the OGC risk management methodology) as uncertainty of outcome. A risk...more
Every activity and situation carries risks. Whether you are launching a new project, providing ongoing services or heading a strategy for widespread organisational change, thorough and effective management of the risks involved is essential to ensure...more