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  • Atricle Dump - The Opportunity Cost Of Doing Business

    Customer Service - On A Lone Desert Highway
    We’ve all heard stories of motorists who come across a gas station in the middle of nowhere. These gas stations have very few convenience items and charge a great deal for both their fuel as well foodstuffs they may have available.When viewing movies these locations have absolutely no other buildings around them and typically feature two gentlemen tipping back in a chair watching sparse traffic come and go.When we view this scenario on television these individuals seem t
    aking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities a
    Advertising and the Over All Marketing Plan
    Many small time wannabe marketers who write marketing, advertising and sleazy sales books will have you believe that the over all marketing plan is the quintessential reason for success or failure in your business. Indeed business plans and marketing plans are of value but before you start a business you have no idea where it will take you.As an entrepreneur you may plan to have a certain market mix and then find the customers are leading you a different way, as they want to bu
    Opportunity may be seen as the existence of a situation whereby it presents itself to an individual or group of individuals to profit in someway by pursuing it in a certain manner? The results may yield a favourable outcome for the pursuer(s) but the reason only a small amount of opportunity is exploited to present its rewards is that along with most opportunity comes an element of risk.

    It is almost possible to show this graphically illustrating the greater the potential, the greater the risk, e.g. A small business owner contemplates opening a bistro bar in a shopping centre with a potential yield of $100 000 per annum, risking $250 000 whereas Donald Trump may risk $100m on a new golf course development, with a potential yield of $10m per annum

    Hence, in the world of business, the universal search is for opportunity! There is plenty out there so what stops us from taking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities ar

    Hair, Medicine and You: The Power Of Emotional Branding
    At times it can seem as though the airwaves (especially late at night) are saturated with commercials touting the latest cure for hair loss. Some of the most ubiquitous advertisements are for hair transplant surgery. Many are familiar with the Hair Club For Men’s famous tagline: "I’m not just the president, I’m also a client." (Incidentally, the company is now named "Hairclub" to indicate its wider focus on the hair restoration needs of men, women and children.)Hai
    for the pursuer(s) but the reason only a small amount of opportunity is exploited to present its rewards is that along with most opportunity comes an element of risk.

    It is almost possible to show this graphically illustrating the greater the potential, the greater the risk, e.g. A small business owner contemplates opening a bistro bar in a shopping centre with a potential yield of $100 000 per annum, risking $250 000 whereas Donald Trump may risk $100m on a new golf course development, with a potential yield of $10m per annum

    Hence, in the world of business, the universal search is for opportunity! There is plenty out there so what stops us from taking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities a

    Should You Advertise on TV?
    When people discover my background in advertising, the questions flow. One of the most frequent questions is "Should I advertise on TV?"I can't answer that questions until I ask a number of questions first.Do you have an advertising plan?Are you working on a firm budget?What are you trying to accomplish with your advertising?Where are you spending your money now?Usually by the 4th question the happy face is one of disappointment.Co
    lustrating the greater the potential, the greater the risk, e.g. A small business owner contemplates opening a bistro bar in a shopping centre with a potential yield of $100 000 per annum, risking $250 000 whereas Donald Trump may risk $100m on a new golf course development, with a potential yield of $10m per annum

    Hence, in the world of business, the universal search is for opportunity! There is plenty out there so what stops us from taking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities a

    CeMAP Training - A Fly on the Wall Account
    Have you ever wanted to know before hand how a CeMAP training course might run on a daily basis? Well here is a fly on the wall account of a recent CeMAP 2 & 3 combined training course that I attended in London run by Money Marketing Limited for 10 budding mortgage advisers.Monday 9.00 amWe all reported to the conference centre of the Premier Travel Inn at Enfield, where the trainer greeted 10 very apprehensive and nervous delegates all looking for our allocated seats an
    ump may risk $100m on a new golf course development, with a potential yield of $10m per annum

    Hence, in the world of business, the universal search is for opportunity! There is plenty out there so what stops us from taking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities a

    6 Must-Have Elements of a Powerful Brochure
    Most brochures that businesses put out today end up doing little to impact the sales of that business. By applying the 6 must-have elements listed below you will transform you brochure from trash can lining into a powerful sales tool.1. A Benefit-Filled Headline. On the cover of most brochures you’ll usually find nothing more than the company name, logo, and maybe a quick slogan like “committed to excellence”. This isn’t horrible, but there is a much better way to enhance yo
    aking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities are passed by in favour of security whereby the individual(s) dismiss the opportunity and move on? What governs this thought process?

    We constantly are told through various mediums not to miss out on this opportunity - by simple reasoning and the law of numbers - a great ally if one wishes to use it correctly - EVERY OPPORTUNITY CANNOT BE FLAWED! Therefore by failing to at least examine each opportunity is a gross mis-service to our experience in this life.

    What many of us fail to realise is that we are economists constantly involved in decisions and choice under the constraint of limited resources - great to have the opportunity to examine an opportunity but held back by a famous, or infamous, economic concept- opportunity choice.

    Opportunity Cost may be defined as the cost of choice, when output, time and money are limited. On a practical everyday level one ma

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