Do Business Well

10. Limit the supply of protective and special clothing

A number of companies supply special clothing such as jackets, overalls, gloves and shoes, all of which have a practical use outside the factory. It is also easy for special or protective clothing to be taken from a factory or office by simply wearing the outfit and walking out through the door.

11. Monitor scrap and reject materials properly

This is a frequent and effective method for transferring high value items through the factory gate or office door. Each scrap or waste bin should be thoroughly inspected by a senior person for each department who should also insist that no item is put in the scrap or waste bin without his approval in the first place. A further check on the content of scrap bins should be made by the security staff at the gate and spot investigations should take place as necessary. Careful watch should be kept on the contents of scrap bins as they are weighed in on entering the factory premises. Scrap bins containing water show a high dead weight reading which can result in a lower tonnage of the contents being recorded when the skip is full and the water has been emptied. Continue Reading »

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The net worth of most small business owners, is usually divided between the equity in their home and the net worth of their company. After selling a valuable business, it’s usually best to assemble a diversified portfolio. You may want to invest in an assortment of blue-chip stocks, tax-free municipal bonds, and treasury bills. These assets plus your house should provide excellent security into old age, and for your children as well.

But what is security if you no longer have any purpose in life? Common to most entrepreneurs is a love of what they do. Below, we’ll explore a few options that will allow you to have it both ways. Continue Reading »

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So far I’ve talked about using savings accounts and CDs to save up stacks of cash. There are lots of other investments out there— stocks, bonds, precious metals, commodities, and many more. Most of these kinds of investments don’t really work for teenagers because they require large amounts of money to get started.

There’s one nonbank investment that works just fine for teenagers—mutual funds. They don’t require lots of money to get started, and they can make your savings grow faster than a bank account. Here’s how they work.

Let’s say you have $500 to invest in something. You could buy 100 shares of a stock trading at $5 per share, but that’s putting all your eggs in one basket. If the stock does poorly, you’ll lose some or all of your investment. Not a good idea. Continue Reading »

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I don’t know your financial situation or what you dream of doing in your future. But if you’re like most teenagers, you have a specific high-dollar dream in your immediate future, whether it’s a car, a college education, or even a three-month overseas mission trip after you graduate from high school. Whatever your next big financial goal, this four-step strategy can help you reach it.

1. GO FOR GROWTH

Your number one investment goal is to make your money grow. Right now you have few expenses compared to your income. But soon you’ll be paying for cars, education, furniture, entertainment, clothes, food, housing, medical expenses, and a thousand other things that someday will obliterate your paycheck. Make the right investments now, and your money will grow substantially until you really need it. Continue Reading »

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Obtain stock

At first you will not need to carry large stocks. Most network companies send products to their large distributors per courier. When your turnover increases, you are likely to place orders directly from the factory, but initially you will obtain stocks from your sponsor for onward delivery to your customers.

Just as a reminder of how the system works — your sponsor will sell you the products you want at exactly the price she paid for it. You make your normal retail profit on those products you sell directly to customers. The balance you sell at no profit to your distributors, but at the end of the month you receive a rebate on the total turnover of goods purchased by your downline. Your sponsor, in turn, gets an overriding rebate (commission) depending on the value of goods sold by her downline.

As your business grows you will want to hold a small stock, perhaps in your office or a spare room, to save you numerous trips to collect stock from your sponsor. Continue Reading »

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As a result of the presentation, most prospects, if they are interested, will have many questions. Some of these are listed at the beginning of the book but here are some other typical questions. Because most of these questions are answered fully in the text, only brief answers are given here, but you will get an idea of the type of questions that will be asked:

• ‘Is this a pyramid operation?’

‘No. This is a perfectly legitimate business. We use accepted marketing practices only and are fully accredited members of the Direct Selling Association.’

• ‘Is this the same as multilevel marketing?’

Continue Reading »

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