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Tip of the Day Stocks are High Risk, High Reward

Stocks are High Risk, High Reward - Stocks when used properly and taken out on a long-term basis usually return more than more investments in dividends, although are really risky...

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Q:I am an accounts manager in a small marketing company based in New York City. Working in a small business, means I take care of all existing accounts as well as engage in sales to bring in new ones. My boss proposed that I recruit one or two more employees and build a sales team to help lessen the load.

A:1) As grunts. They can do grunt work for your staff that is boring. The intern won't be bored since they've never done it before. Or at the very least, they'll get bored more slowly and understand why they're given such work. They understand because they know they're not to screw things up. Additionally, they're there to learn the business and that includes all aspects of it ... which includes the boring stuff. 2) As explorers. If they seem fairly intelligent, you can use them to look into new areas of business. They usually have a lot of energy and desire to prove themselves. Researching a new area for you will be exciting to them. 3) As possible future full-time hires. For many interns, they hope they get a job offer from you when they graduate. They know many employers look at interns as possible future hires. That internships are basically pre-probationary periods with absolutely no obligations of commitment by the employer. "small marketing company" and you don't know how to generate business? Not to be too offensive here, but isn't this an oxymoron? - Sorry, had to get that off my chest. Now for some help: Have you considered selling your product/service through manufacturer's reps? This is a tried and proven method for getting people to buy your stuff. You pay no wages, no insurance, no State taxes, no SS, nothing.... but when you get a sale you pay a commission once you get the money. It's one of the slickest inventions of American capitalism. For example: Say you are selling the design and printing of pamphlets. Find yourself a screen printing company that is not selling pamphlets and ask them if you could contact their sales reps with your product. Or go into your local yellow pages and under marketing services look for independent reps, give them a call, make a deal. Do this right and you can have market coverage worldwide without spending a nickel on wages or benefits. Since a real manufacturer's rep likes to work on commission, you will have the best selling talent on your team. To be honest, I don't have enough information to give you an answer that you should make a decision on. And it would be very hard to ask the questions here that need to be asked to give you such an answer. The reason for the difficulty is the time it would require. The answer you give to one question will likely determine what my next question should be. Having given this disclaimer, I suggest you do one of two things: 1) Be more specific in your Help Wanted ads for the salesperson you're seeking. This will get you a lower response rate, but might attract the ones you seek. Also, advertise in more publications and in other cities to get more responses. Or... 2) Hire a marketing professional to help you on this score. Someone like George Demmer in this newsgroup. He specializes in small businesses and has a good head on his shoulders. Tell the pro your problem and that you want them to help you hire good salespeople. Not only help you hire them but establish a system for doing so ... which you can then follow later without their hands-on help. You want to know what to ask for in the Help Wanted ad. What do look for when you greet the applicants. What interview questions to ask. What the answers they give mean. How to properly train them. How to properly structure an incentive program to spur them on. Etc. I'm not sure how much someone like George would charge you, but it will be well worth the money invested.

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Definition of the Day Leveraged Investment Company

Leveraged Investment Company - Leveraged Investment Company is a company whose charter allows it to borrow money for investing activities. A venture company or mutual fund entitled to borrow capital for its operations. It is an investment company that issues both income shares and capital shares. It is an investment...

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