Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
Related Discussions
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Index Funds are Your Friend

Index Funds are Your Friend - Every stock market or stock exchange offers indexed funds and these index funds are more beneficial to you as a new investor as they...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

Tips On Marketing A Laundry Service

Q:I will soon expand on my laundromat to include pickup and delivery. The P&D will be free and have same-day service. A 20% discount as a "grabber" may also be offered.

A:The saddest things about wannabe entrepreneurs are their egotism and paranoia. They think for egotistical reasons that no one has ever thought of their business idea and that people are just anxiously waiting to steal their idea. We get this problem in these business newsgroups a lot. The truth is that no one really cares. Everyone has their own "brilliant" business ideas (I myself have tons!) and/or are so busy working on their own business ideas that it is amazing they take the time to participate in these newsgroups. And the more posters tell of their business ideas and plans, the better the advice they will receive from the professionals that frequent these business newsgroups. That's been proven time and time again. Now a word of caution. Be careful who you listen to in these business newsgroups. Not everyone knows what they're talking about and some of the advice given by the "less"-than-knowledgeable posters is absolutely horrible. Read not only what they post elsewhere but how other posters respond to their advice and who those responders are. An idiot endorsed by another idiot is still a idiot. And since we're talking about business decisions here in these business newsgroups and not some meaningless theoretical debate in some Star Trek fanboy newsgroup, it is very important you know who you're receiving advice from. In other words, buyer beware. The negative feedback is usually more important. These business owners are letting you know NOT to go down a path you were thinking of going. They will have then just SAVED you a TON of money. Possibly even your entire business! If the wannabe entrepreneurs truly understood how much of a big favor these nay-saying business owners just did them, they wouldn't be getting depress that their pet idea was torpedoed but would be naming their next child after that helpful business owner. On the other hand, only listen to the negative feedback IF they can back it up with facts and/or experience and NOT just opinion. I'm not saying their opinions don't matter. They almost always do, but am merely pointing out that change is commonly resisted for sometimes only being change. Do take their opinion into consideration but use your own judgment on how much to weigh that opinion against your brilliant new idea/innovation. Never give up on an idea simply because one person ... no matter who that person is ... has an unsubstantiated opinion that it isn't a good one. 1) Your "Executive Summary" should be written LAST after you've completed the first rough draft. The ES sums up the entire business plan and pitches the business in only one to two pages. I always try to keep it to just one page. The goal of the ES is to inform and excite the reader enough to want to read the rest of the business plan. Here you lay out the key gem of your business concept. 2) "Management Team" section is about coverage. Businesses involve a lot of things being done correctly. Who is going to do all those things for your business and what qualifications do they have in doing those things. Even if the "team" is just you, you need to address how you're going to cover all the tasks, what qualifications you possess to do so, and where you'll be bringing in outside help (i.e., a CPA) to assist where you're weak. 3) "Market & Competition" section should ALWAYS be longer than "The Products" section. What you sell isn't as important as how you're going to sell it. If "The Products" is longer than "Market & Competition" that reeks of an inventor that is too in love with her/his invention or unique spin on a service. Bad. Very bad. Avoid at all costs. As a rule of thumb, try to insure "Market & Competition" is at least twice as long as "The Products". If you just "must" include a lot of information on your product(s) and/or service(s), throw all anal details into the Appendix under the title of "Additional Product Information". 4) The most important sub-section of "Market & Competition" is "Competition". List all your competition. ALL! Not just ones that you'll go head-to-head with but ones that might compete with you on only one sector or are just outside your sales territory. Be BRUTALLY honest about how your business will stack up against them. Do NOT lie to your reader OR yourself. Give your competition's strengths and weaknesses and tell how your business will do up against each. What is the likelihood they'll expand into your territory? How have they responded to new competition in the past? How will you respond to their responce? All this information is out there. Go find it. 5) The second most important sub-section of "Market & Competition" is "User Benefit". In other words, why will the customer pick your service/product over the competition. Note that the section title isn't plural. It's singular. What is the ONE key benefit that makes you better than the competition? Location? Price? Quality? Variety? What? This is your key selling point. Think about this a great deal and then think about it still more. And after you thought about it that much, square that time and think about it that much more. Toss all other user benefits into "Other Customer Benefits" and present them in their ranked importance ... stating where they ranked in importance and explaining why you rank them that way.

Discuss It!
1 2 >

show more said:

Giving 20% discount at the starting of the business cannot attract the people. People are looking for good discounts. They will rush to store with high discount rate. For a businessman the discount rates are all some tactics to attract the people.

research proposal writing service said:

When the guaranteeing understanding is struck, the guarantor bears the danger of being not able to offer the basic securities, and the expense of holding them on its books until such time later on that they may be positively sold.

seo toronto said:

Promoting strategies include picking concentrate on promotes as a result of market place examination along with market place segmentation, and also comprehending buyer conduct along with marketing any product's benefit to the customer.

Anonymous said:

It is then our intention to start the transition at two per month. Logistically it takes time to swap out a technician to a new van and we do not want to overwhelm ourselves, although the sooner we switch the sooner we start saving. <a href="https://www.google.com.pk/">google</a>

La Martina said:

After agriculture, top quality expertise is the second greatest profession in Indian.

hermes replica handbags said:

They ability even ambition to borrow it from time to time. Because Louis Vuitton accurate handbags are so abundant in appeal they are big-ticket and for a reason.

how to get likes in instagram | how do i get followers on instagram said:

This is a great article, Thanks for giving me this information. Keep posting.

custom dissertation writing help said:

This is really fantastic and excited to write best custom dissertation writing help services for you. These are all provides best content writing reviews in all websites. Thatâs why, I am very enjoyed to give this kind of blogs.

clash of kings hack said:

Thank for sharing this tips. I think it will be useful for me

how to get a lot of followers | buy youtube plays said:

The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought you have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.

www.decoraled.com said:

Iâm happy I located this blog! From time to time, students want to cognitive the keys of productive literary essays composing. Your first-class knowledge about this good post can become a proper basis for such people. nice one

Replica GUCCI handbags said:

[url=http://www.replicawatches4u.net/]2015 Replica Louis Vuitton Handbags[/url] offer a collection of highly stylish yet functional bags. They come in exquisite colors and textures that you will surely love. [url=http://www.replicacartierhandbags.net/]2015 Designer Handbags[/url] are very chic; they can accessorize any outfit for an ultra glam look. Whether you're off to work, to a casual date, or to a cruise, there is definitely a [url=http://www.mid-ohio.co/]Replica Prada[/url] to fit every occasion. Our Replica [url=http://www.dapudesign.com/]Designer Fack Chanel Handbags[/url] have passed strict quality control. Manufactured with genuine leather, quality hardware, polished buckles and signature details, they are the next best thing you'll get from imitations of [url=http://www.rmnp.us/]Replica GUCCI handbags[/url], which are famous for their pioneering and constantly evolving sense of fashion. For sure, you'll adore our selection of [url=http://www.wallaceintl.co/]Replica Hermes Handbags[/url] and wallets. You'll want to carry it with you every time!

Designer Handbags said:

If you want to be in fashion and follow the trend, you can buy <a href="http://www.replicawatches4u.net/ ">2015 Replica Louis Vuitton Handbags</a>. There are also <a href="http://www.replicacartierhandbags.net/">2015 Designer Handbags</a> which can be bought for less. All you have to do though is to look for bags that are really <a href="http://www.rmnp.us/">Replica GUCCI handbags</a> for if you will buy those which are labeled as real ones, you will have to pay the premium for the name of the supposed âgenuineâ bag that you will buy.

clash of clans hack tool gratuit | top eleven hack android said:

wow this saintly however ,I love your enter plus nice pics might be part personss negative love being defrent mind total poeple ,

software development services said:

Because smart phones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. So I think if you can promote the offer that you are providing through an app so that the smart phone users can easily get the updates. This will certainly boost the business.

essay writers said:

Very nice and helpful information has been given in this article.

Mary Sabatini said:

<a href="http://egamehack.com/instagram-followers-hack-v3-5-free-download/" target="_blank">Instagram followers hack</a> <a href="http://egamehack.com/instagram-password-hack-tool-v3-5-2016/" target="_blank">Instagram Password Hack</a>

sciatica sos said:

Great beautiful site with great informational content This is a really interesting and informative post.

san angelo said:

This is a terrific post Thanks for making the effort to summarize this all out for us It is a great help.

tax resolution services said:

Providing discount is one of the common business tactics that people use while starting a new business. Sometime it is called by the name introducery offer. Anyway attracting the customers is the primary goal of any kind of business and that is exactly what followed here.

Most Popular Articles
Most Popular Definitions
Related Questions
 
Daily Definition

Definition of the Day Proof Of Concept

Proof Of Concept – (Proof-of-concept) Referring to the types and applicability, reliability or evidence, verification, confirmation and corroboration, even substantiation, or resilience of data, fact etc. Also called POC, showing its usefulness and applications, features and possibilities, allowing to an extent no to low risk exposure and exploration, prospecting if...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com