The Key To Starting And Running Your Business | business services

In Brian Sher’s book, What the Rich Know & Desperately Want to Keep Secret, he said “As far as I know, there are only five ways to make money:1. Steal it or cheat others out of theirs-which is risky and undermines your values.2. Inherit it.3. Put what you have in financial investments, which is perfect so long as you have perfect skills- or the right advice- and lots of patience.4. Work for it, which is both honest and noble-but won’t make you rich without leverage.5. Go into business-the most effective way if you do your homework and pick the right business.A well- run business can generate staggering profits and will outperform any other means of gaining wealth.”Running a Business is the Pathway to WealthAccording Sher (business expert), running your own business is the pathway to a world of wealth and riches. It suffices then to say that every wealth seeker must give the idea of running a business a second thought. In J. Paul Getty’s book, How to Be Rich, his first rule is that you must be in business for yourself…. “and to do your own business, and to work with your own hands, as we commanded you.” 1Th 4:11Friend, if you want to be rich, your effort and energy should be going into starting and running your own business. Prosperous people have always known this basic rule of wealth creation. Starting, owning, and running a successful and profitable small business is one of the most exciting things, which give great joy in life.Deciding to go into business for yourself is one of the most important decisions you will make in your life.Andy Warhol once said, “Making money is art and working
is art, and good business is the best art of all,” (The Philosophy of
Andy Warhol, Harcourt, 1975).According to Brian Sher, the foundational key to running a successful business is the ability to pick the right business.Whenever you see a successful and prosperous business, know that someone once made a courageous and right decision.Basically, there are two types of businesses:
1.Product-based businesses- Product or goods. They deal in tangibles.
2. Service-based businesses -Service-based businesses sell time and expertise. They deal in intangibles. Therefore tend to be less expensive to start as there is no inventory to buy.Operate Around Your PassionDeciding on an area that you love is the first step when choosing a business to start. A friend of mine who is the editor of a national news paper here in Nigeria went seeking God’s face concerning what to do with his life. And God simply asked him what he loved doing, to which he said writing. Today he’s become a successful and prosperous person. What is it you love doing? What is your hobby? There is something about your passion that pushes you into success and prosperity.The road to happiness lies in two simple principles: Find
what it is that interests you and that you can do well, and
when you find it, put your whole soul into it-every bit of
energy and ambition and natural ability you have.
-John D. Rockefeller IIIDoing what you love is indeed the first prerequisite when you are choosing the right business. There is a saying that goes, Do what you love, the money will follow. We tend to succeed when we are engaged in something that we really enjoy.Barbara Winter, in her great book, Making a Living Without a Job (Bantam) 1993, says that “passion leads to purpose, that once you get in touch with those things you are most passionate about, you can begin to create a business of purpose around them.”Offer What the People WantDeciding on an area that you love is only the first step when choosing a business to start. The second step is to do a market research to find out if there is a market for the product or service you intend offering.If there are no people willing to pay you for your expertise, people willing to buy the product or service you want to sell, you do not have a business. So be realistic-there must be a market willing to buy what you plan to offer.”We don’t want to push our ideas onto customers; we simply want to make what they want.”-Laura AshleyThe bottom line is to find a business that combines your interests with the ability to make a good living selling your product or service. While hunches and intuition are great, you need some objective criteria before making the leap into the land of entrepreneurshipToo many new entrepreneurs fall in love with their idea and become convinced that it is the greatest thing that has ever happened to humanity. You must strive to be as objective as possible. Be a businessperson.”There is a way which seemeth right unto a man, but the end thereof are the ways of death.” Pro 14:12Whatever business you want to start then, whatever product or service you decide to sell, you have to be able to sell it at a price high enough to make a profit, but low enough that people will buy it.To Your Prosperity

Fashion Marketing – More Than Just Style | Fashion

Are you a trendsetter? Do you find yourself on the cutting edge of fashion? If so, you may find fashion marketing a perfect career fit.Fashion marketers generate interest in new styles and products, connecting the public with the world of fashion. In a nutshell, they promote fashion.On the business side, fashion marketers analyze and implement sales strategies, perform inventory control and cost analysis, and stay mindful of profits and losses. On the art side, fashion marketers are creative and innovative, they recognize good clothing when they see it, and they have the ability to sell it to the public.Typical fashion marketing responsibilities include: attending fashion shows and visiting designer showrooms; placing orders for clothing and estimating the amount of inventory needed; arranging for the receiving, storage, and display of merchandise; pricing clothes; designing visual displays and ad campaigns and promotions; consulting with fashion designers and consumers; keeping tabs on profits and losses; maintaining the physical appearance of a store; and hiring and training new employees.Ultimately, fashion marketers are the ones who figure out how to get people to buy fashion designers’ latest creations. They must move trendy items into stores while they’re truly in vogue. But fashion marketers can also create trends by heavily promoting certain looks at the right time. That’s why successful fashion marketers need a solid understanding of consumer psychology and social trends.Evidently, fashion marketing training is key to managing the many layers of this industry. Through fashion marketing programs, you’ll learn how to use textiles, color, and design to create visual merchandising campaigns. Business courses will show you how to develop, analyze, and implement effective sales strategies. You’ll learn how to use computers for cost analysis, inventory control, and other store operations. You’ll also get schooled on merchandise economics, leadership skills, manufacturing, advertising, and store planning.All told, fashion marketing programs cover everything from retail buying, window dressing, and producing fashion shows to public relations and consumer behavior. They also explore new opportunities in online retailing, electronic retailing, and catalogue development as alternatives to traditional retailing.With the right training, you’ll be prepared for an entry-level fashion marketing position with textile, apparel, and pattern manufacturers; fashion salons; high-fashion department stores and specialty shops; fashion magazines; fashion consulting firms; mail order companies; or import and export firms.

An Introduction to Dram Shop Law | laws and issues

A “dram shop” is legal term unique to the US. It refers to any establishment that serves or sells alcoholic beverages. Many states have dram shop laws, or statutes that make such an establishment responsible for any injuries suffered or inflicting by a person who has illegally purchased alcohol from them.This seems like a strange concept to many people who believe in holding everyone responsible for their own actions, even the highly inebriated. To provide some context for these laws, which may help to explain the reasoning behind them, here is a brief overview of our country’s dram shop laws and their historical origins.What Exactly Do Dram Shop Laws Say?In some states a business is not automatically responsible for any damage caused by one of their intoxicated customers. In order to be held legally liable, they have to sell regulated beverages in an illegal way. The exact laws differ by state, but in general it is illegal for businesses to:
Sell alcohol to a person under the age of 21
Continue serving drinks to a person who is visibly inebriated
Fail to respect regulations about the hours of operation for bars or liquor stores
It is important to note that in some states the sale does not even have to be illegal. A bar or liquor store can be held responsible for injuries caused even by a perfectly legitimate customer.If an establishment breaks this law and the intoxicated person in question causes injury to himself or a third party, the establishment could face a lawsuit filed by the injured third party. In some states, a person can even sue for injuries he inflicted on himself while inebriated.Other states include further restrictions than the ones outlined about. In some places a business can be held liable for serving drinks to a person who is “habitually drunk.” In Massachusetts a business can even be used for offensive or vulgar behavior from intoxicated customers.Where Did These Laws Come From?The origins of these laws are usually traced back to the early 20th century Temperance movement. This was a group of people, largely women, who wanted to reduce the amount of liquor consumed in their country, if not end it entirely. They were a driving force behind Prohibition, the period between 1920 and 1933 during which alcohol was illegal in the US.The Temperance movement is often misunderstood. While Prohibition ultimately failed, when one learns more about the issues these women were trying to address, their attempt becomes more understandable. Rather than hating alcohol for its own sake, they were trying to fight the parental neglect, domestic violence, and poverty often associated with drug abuse.For more information on dram shop laws, contact Milwaukee defense lawyers Kohler & Hart.