Paying Too Much Attention Can Cost You Money
Sales and financial pitfalls. What do these two have in common? Let me give you two hints:
You walk into a retail store advertising 50 percent off store wide sale. You walk out the store after spending $150. Your budget was $80. Although it was over your budget, you did manage to walk out the store with more items for $150 than you could have without the sale.
When reading “financial crisis of 2008 to 2010” what images and emotions come to mind?
What they both have in common is fixation. For the majority of people, our minds are preoccupied with the idea of saving money on a sale and a memorable moment impressed upon our frontal lobe that seems to never fade.
The advertisement of a sale has no advantage unless you are saving money. Typically, we tend to overspend when there’s a sale which makes it difficult to … Read More
Learning Financial Spread Betting
Did you think that you must lay low during this financial crisis? Is it a tough time for making money? Actually, if you keep seeing your hunches turn into fact when you switch on the financial news, maybe it’s time for you to get into financial access betting.
It’s one way to parlay your guesses on local and foreign market movements, the strengthening or weakening of any currency, or how a basic commodity will be affected by nature’s changes, the market’s demands, or the market climate into money. And you do these free of taxes, too! While spread betting can make you a lot of money, that also means you could lose a fortune, too. Actually, you can lose more than what you already put in. However, it’s this type of speculation that is calling more than a few spread traders into the market.
One of the siren calls is … Read More
How to Get the Most Out of Your Hourly Employees
This article has reference to my 19 years as a manager and multi unit owner in the fast food industry. When I sold my restaurants in 2005 I had 8 employees that had been with me for over 5 years. This is almost unheard of in this high turnover industry.
Imagine that you walk into my restaurant and are greeted and asked if you would like your favorite sandwich and toppings by an employee that knows your name and favorite sandwich. As a business owner you obliviously understand the value to your business and continued sales growth of having the same 4 people on the lunch line each day. People like to go for lunch where they are greeted and recognized, where the staff is friendly and makes them feel like they are glad they came.
What is the secret to having a competent friendly customer oriented staff? I believe … Read More
Finding the Right Commercial Oven For Your Restaurant
Every restaurant in existence uses an oven, and all but the smallest ones need an effective commercial oven in their kitchens. New restaurant owners may be overwhelmed with the wide variety of potential choices, and I’d like to help inform you of a few potential possibilities.
When you decide which type you’ll need, you should let a number of different elements weigh in as the basis for this purchase. The two most important factors come down to the type of food you’ll be serving and the number of guests you plan to serve throughout the day.
By developing an understanding for the different types of commercial oven, you may have a better idea as to which would be best in your restaurant. Let’s start out with the most popular style, and that’s the convection oven. The reason that so many people choose to go with a convection model is because … Read More
Business Link Bye-Bye: Smart Start-Up
With the Government Business Link closed in November this year, potential entrepreneurs will lose what has proven to be a valuable source of advice and guidance. The financial turbulence experienced in recent years has made some of the biggest companies in the UK close their doors, not only leaving thousands of people unemployed, but also making clearer avenues for new SMEs to emerge. New companies are continuing, with the SME sector accounting for 99.9% of all companies in early 2010.
Of course, not all early stories have happy endings. Without proper preparation, finding your feet as a business can quickly turn into a wobbly that you cannot recover. Without Government support through Business Link, you might ask where you can get the advice you need to start a new business? Well, the Government itself suggests a professional business coach is your answer.
How can Business Training help?
Beyond your initial … Read More