Business and it's step by step process

Let's examine the process of physical product sales. 

Product creation- 
Inventing, prototyping and approving a product. 
without this step there isn't anything to manufacture.

Manufacturing- 
Product creation on a large scale 
you need something to sell,  without this step the product is virtual. 

 shipping- 
Transferring  the product from one to another place. 
The product must be  delivered to the store or if it is sold online then it needs to be delivered directly to the consumer.

Advertising-
Exposing the product to an intended buyer. 
Without this step all the other steps are worthless.

Sale-
In store,  online or in person.
The pinecle and  the part most connected to advertising.

The product would not sell if it was missing any of these steps but advertising is the most important part of the process.

business principles, stores

Remember that WalMart started somewhere too.
1. Open a store, focus on the product, worker and customer, in that order!
2.Save!   spend less then you need (my shoes are falling apart but I don't need new ones yet).
3.Invest in your business with your earnings, eventually build another store and repeat until you can hire someone to replace you.
4. Small business laws are difficult in U.S. but if you have the will you're going to be successful! 
5. There is a free lawyer at every local town hall, go see him for advice!


good luck!

How to invest $5 for the maximum return

I remember reading Tina Sellig's (executive director of the Stanford Technology Ventures Program) book- What I wish I knew when I was 20. (I don't know Tina, though I wish I did, and I love her book.)

She gave her students the exact same problem. Here are her words, with my emphasis. If you don't have time to read the whole thing, just skim and read the words in bold.

"What would you do to earn money if all you had was five dollars and two hours? This is the assignment I gave students in one of my classes at Stanford University, as part of the Stanford Technology Ventures Program...

 Each of fourteen teams received an envelope with five dollars of “seed funding” and was told they could spend as much time as they wanted planning. However, once they cracked open the envelope, they had two hours to generate as much money as possible. I gave them from Wednesday afternoon until Sunday evening to complete the assignment.

Then, on Sunday evening, each team had to send me one slide describing what they had done, and on Monday afternoon each team had three minutes to present their project to the class. They were encouraged to be entrepreneurial by identifying opportunities, challenging assumptions, leveraging the limited resources they had, and by being creative.

What would you do if you were given this challenge? When I ask this question to most groups, someone usually shouts out, “Go to Las Vegas,” or “Buy a lottery ticket.” This gets a big laugh.. These folks would take a significant risk in return for a small chance at earning a big reward.

The next most common suggestion is to set up a car wash or lemonade stand, using the five dollars to purchase the starting materials. This is a fine option for those interested in earning a few extra dollars of spending money in two hours.

 But most of my students eventually found a way to move far beyond the standard responses. They took seriously the challenge to question traditional assumptions—exposing a wealth of possibilities—in order to create as much value as possible.

How did they do this? Here’s a clue: the teams that made the most money didn’t use the five dollars at all. They realized that focusing on the money actually framed the problem way too tightly. They understood that five dollars is essentially nothing and decided to reinterpret the problem more broadly: What can we do to make money if we start with absolutely nothing?

They ramped up their observation skills, tapped into their talents, and unlocked their creativity to identify problems in their midst—problems they experienced or noticed others experiencing—problems they might have seen before but had never thought to solve. These problems were nagging but not necessarily at the forefront of anyone’s mind. By unearthing these problems and then working to solve them, the winning teams brought in over $600, and the average return on the five dollar investment was 4,000 percent! If you take into account that many of the teams didn’t use the funds at all, then their financial returns were infinite.

So what did they do? All of the teams were remarkably inventive. One group identified a problem common in a lot of college towns—the frustratingly long lines at popular restaurants on Saturday night. The team decided to help those people who didn’t want to wait in line. They paired off and booked reservations at several restaurants. As the times for their reservations approached, they sold each reservation for up to twenty dollars to customers who were happy to avoid a long wait.

As the evening wore on, they made several interesting observations. First, they realized that the female students were better at selling the reservations than the male students, probably because customers were more comfortable being approached by the young women. They adjusted their plan so that the male students ran around town making rese...

Dave Kaufman, Syndicated Writer of Techlife and Founder of dk worldwide, inc.

A friend did the following:

1. Visited an estate sale, shopped carefully, for one great item.
2. Negotiated down to $5.
3. Sold it on eBay for $25.
4. Repeated the process, using $25.
5. Has been buying and selling for just 6 months.

Has made $14,000 so far on a single $5 investment.

Edit: After re-reading this it sounds a bit like those get rich quick schemes. Not the case, quite the opposite. This is a hard working person and someone I know personally, and that money was made over 6 months, not over one month.'

 

Thank you for your permission to post this article  Visakan!

http://www.visakanv.com/blog/

How to spend 1000 dollars and become rich for 14 years

1000 dollars well invested!
 $89 for the first four and then $100 for future ones.  The full patent that the company will file for you will last for 14 years.

Recap:
$356 + $600 = 10 provisional patents
$44 left over

What to do with these patents.
Idea = simple cardboard prototype + phonecall to the company + skype meeting with the deciding person (5 minutes)= as long as you sold your idea you're set for the next 14 years.

To learn exactly how to accomplish all this just read Stephen Key's book "one simple idea"

As always goodluck!

Read everything, every day

I can't bring myself to read a lot of books but I read hundreds of articles, sometimes even in one day.

Basically articles are condensed books, usually the reason that I can't make myself read a book is:
1. They over explain concepts
2. I know everything they're trying to teach me
3. The book just takes easy to long

An article will be short (writers that write weekly posts don't want to spend time writing pointless information) if you're there you probably know a bunch on the subject already.

Articles are usually short enough to skim so you know if the information is relevant and new.

Today I once got reminded that starting a venture is the most important. seriously just do it!

http://zenhabits.net/small-online-business/

I choose to adopt

There are so many children that aren't being taken care of, instead of having my own children I choose to give a childhood to children that need one.

It will be harder but most important things are.

I will have new things to write about when I start writing again.