- Capable of making enough money to make it a worthwhile investment in terms of your time and money. This needn’t be immediate, provided there is some identifiable period in the future when your idea will come into fruition
- Capable of being started within your current resources in terms of finance, skills and knowledge.
Archive for September, 2011
All being well this is the scenario you most likely expect to achieve. although it’s impossible to predict exact expenditure and sales figures, you should be able to work out what you think is possible.
Again if the figures you come up with during this scenario fall below what’s needed to make your idea worthwhile then either re-work your idea or start afresh. read more »
The Logging industry has one of the highest rates of workplace mortality in the US. According to the National Institute of Occupational Safety and Health (NIOSH), in 2009 the rate of workplace deaths was 55.6 per 100,000 workers – over 16 times higher than the total average across all industries in the previous year. The logging industry also has one of the highest rates of non-fatal accidents leading to claims for workers compensation. read more »
It will never be easy to manage company data well. We might still remember the scandals in accounting and business practice that caused bankruptcies of well established companies, top employees being poisoned for their actions, and an extreme loss for America. In order to prevent the same situation happened in the future, government applies certain rules and regulations in storing the data. read more »
Don’t forget to calculate a worst case scenario. My favorite way of doing this is to imagine I’ll sell nothing.
Obviously this is the sort of scenario we all hope will never happen and provided you undertake sufficient market research before you invest any of your money, it should never arise. read more »
Joining a trade show is must be one of marketing effort you do regularly because trade show is the best time to introduce your product, build the product awareness, and sell your product as many as possible.
But somehow some people doubt about how effective joining a tradeshow is. I think that happen because either they don’t get any significant result after joining trade show several times or it’s their first time joining a trade show, that’s why they lack of preparation. Well, it’s difficult to find someone who can success at his first attempt! read more »