Do Business Well

Income statement. You’ll want to produce one every month. Your business can be in big trouble for a long time and you won’t even know it without an income statement. We have fully detailed the income statement in section 2, part 6.

Inventory. This is the value of all merchandise that you carry for resale. It does not include office furniture, production equipment, or other items that aren’t being offered for sale. As mentioned above, there are some very sophisticated aspects to placing a value on that inventory. Continue Reading »

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JOLT — Just-One-Last-Try — because the world is filled with early settlers

Despite everything that we’ve said so far, there is one thing that really separates the great-ones from the also-rans: The great- ones give it Just-One-Last-Try while the also-rans go home. The great- ones know that the very last call is the call that delivers the results. You know why? Because that’s when the competition has given up for theday.

It’s the last try that builds the physical and mental muscle. It’s the last try that impresses the customer. It’s the state of the store or the state of the team at the end of the game that determines ultimate success or failure. Continue Reading »

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