Articles Tagged ‘small business indianapolis’

Encourage, ask for prepayment of future payments NOW

Sunday, December 27th, 2009

scottmanningThe most important determining factor for any and all businesses to be successful is CASH FLOW – there surely isn’t a person on the earth that could disagree with that! Cash-flow is what makes or breaks a company.

The idea of accelerating your cash flow is achieved by asking people to prepay for services to be rendered or to pay in full versus making ongoing monthly payments or using any other deferral payment method. Surely you are familiar with this concept; insurance companies do it, some yellow page companies, etc. They offer a CASH discount – you see it all the time. Now let’s focus on implementing this idea in YOUR business – either initially or to a greater degree than you are currently using.
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Are We Men or Mitochondria?

Friday, December 25th, 2009

Throughout mankind’s history work has been accomplished in a group. Early man took advantage of group efforts in order to fell larger prey. Cooperation was needed when systematic rabbit hunts were conducted.
As chronicled in Wealth of Nations by Adam Smith, specialization and division of labor resulted in dramatic improvements in productivity. For example, in pinmaking the division of labor and cooperative efforts of many resulted in the increase of pin production by a factor of a hundredfold or more per laborer compared to a worker doing every part of pin production himself.
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