When managers plan their business strategies, common sense dictates that these game-plans should be in line with customer needs. The first step in planning is therefore to identify customer preferences. Unfortunately, most conventional approaches to determining customer needs are flawed. Here are five of the most common methods used to gather customer opinions along with their drawbacks. Keep these often-made mistakes in mind when planning your...more
If you think back several years, you can easily remember how broadband internet access was touted. The basic idea was that with the increasing rate of transmission offered by broadband access connections, people would become far more productive creatures than they ever had before. They would make massive leaps in research, telecommuting would become an everyday occurence, and the home and workplace would merge forever. Well we've had some time to...more
Everyone is asking what kind of GSM phone to get: Dual, Tri, or Quad band? Since there are two frequency bands that are used by GSM services in the United States, and also two different frequency bands are used in the rest of the world, ideally, one would want a quad- band phone one that works on all four bands. This should be your first choice when seeking a phone. However, since some of the best phone can still be expensive and hard to find, many gravitate toward the second best choice, the tri band phone. When doing this be mindful which three bands your phone has, as some bands are more useful than others.The United States originally only used 1900 MHz for its GSM service, but more recently, there has been a growing amount of GSM service on the 850 MHz band. When choosing a phone, its important to know how you will be using it. For example, if you are in the United States and operate with in the major metropolitan areas, you wont really miss the 850 MHz bank. On the other hand, if you regularly travel to secondary areas, you will benefit from the extra coverage that the 850 MHz band provides. Basically, if you travel outside of the big cities, youll want a phone that supports...more
Some of us become very rich. They began very humbly and today they are amongst the richest in the world. Many of us try many ventures, but never make money. Is it only fate? Or the people who make lot of money have some qualities that are responsible for their success? Let us find out.Type Of Business - what is the future of the business you are...more
These tips, based on experience over the last seven years, should help to avoid some of the potential pitfalls. 1. Make use of the various tools provided on eBay to ascertain the target price of items you are interested in. A simple way to do this is to 'search' for completed items. 2. Always check that there are no hidden costs associated with...more
Just because you’re in business doesn’t necessarily mean you are making money. You know that as well as anyone. You should be commended that you are staying in business and have survived the tests of the first year and perhaps even the first three-years. Now that you have come so far you are wondering to yourself will I go up or will I sink back down? Will I take my company to new heights and expand my business or will I slowly go bankrupt because of a consistently negative cash flow? The choice is yours. How is that possible? After all, who really knows if you can expand your business? Aren’t we as business owners limited by the market? Don’t we have the economy to blame for our losses? While all these factors must be taken into account, you are the one that determines the success of your business. You can take your business to the highest level starting now, even if you have seemingly stalled for months. What is required to accelerate the growth of a business? You are responsible for expanding the business. If you observe that some aspect of the market is lacking then it’s time to take your business in another direction. There are...more
Over the years, because many of my students approach me with questions about careers in Investment Banking, I've written down a few stock answers. Here are my notes:An investment banker is someone who works or is connected with an investment house....more
Whether you realize it or not you may be giving your auction visitors a reason not to buy your product or service. And it could be just the smallest of issues that will cause them to think twice about purchasing from your auction. As explained in my...more
Permanent insurance such as Whole Life, Universal Life, Equity Indexed Universal Life and Variable Universal Life is regularly promoted as the perfect retirement vehicle or the new way to build wealth. This week I will expose the fallacies of those...more
So your dream of having a successful business have perished (for now at least). You’ve made the difficult decision to close your doors for good, as your losses have mounted, month after month. After much soul searching, you have...more
Working in a traditional office may be exciting for some people, especially for those who can avail of flexible time and still earn big bucks from their office jobs. But this is not the case for most people who have had enough of daily commuting,...more
Preparing for the Medical Coding Certification Exam is a very difficult task. It takes a tremendous amount of time reviewing material and preparing to answer questions within the time constraints of the exam (five hours). Your time must be allocated...more