Your Inspirational World Die/s Every Minute You Dont Read This Article: value
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Showing posts with label value. Show all posts
Showing posts with label value. Show all posts

Friday, March 13, 2020

The ONLY 5 Ways To Become More Profitable! Get More customers to buy the product/service

Friday, March 13, 2020 0
The ONLY 5 Ways To Become More Profitable! Get More customers to buy the product/service

The ONLY 5 Ways To Become More Profitable!

Let's get straight to the point. Here are the only 5 ways in which you can become more profitable.

The ONLY 5 Ways To Become More Profitable! Get More customers to buy the product/service

 1)  Get More customers to buy the product/service

The first one is straight forward, get more people to buy from you. When you have more volume, you have a high turnover and consequently higher profits. Do make sure that you have a healthy margin though, because the game of volumes can quickly turn unprofitable on razor thin margins.

2) Get the customers you have to buy from you more often

This involves setting up a system where the same customers buy from you more often.  This can in be in the form of a recurring billing system or a contract but the objective is to make sure customers buy from you more than once. The more you can do this, the greater the profits.

3) Introduce new products/services

At some point you will hit a saturation point if you are selling just one product/service, even if several customers are buying it regularly. At this point it is important to introduce new products or service. In order to reduce the risk of the new product/service not selling well, try to make it supplementary or complimentary to the existing high selling service instead of introducing something completely unique. This can greatly increase your profits. On the other hand introducing something completely unique runs a greater risk of failure. You can introduce something completely unique if you can keep the costs of product development low and can afford to take the losses if the product doesn't do well.

4) Increase prices of products/services

One of the simplest ways of increasing your profit is to simply increase the price of your product/service. This maybe hard if you are selling a commodity with no differentiation or have a lot of competitors competing on trying to offer the lowest price possible. However, if your product/service has some differentiation/uniqueness of value to the customer, that may justify a higher price. When you raise your price, it is possible that some customers may leave and that may depend on the elasticity of demand for that product. However many customers will stay, especially if they are convinced of your value and them paying higher will now bring you more profits even if the number of customers decreases slightly.

5) Enter a different market

The final thing you can do to increase profits is to enter a different market. This can mean several things. If you are targeting specific industries, now you may try to sell to other industries. If you selling only in particular regions, you may expand to more regions. If you are selling only in one country, you may now target other countries. Again, similar to launching new products/services mentioned in point 3, expanding in markets that are most similar to the market where you are already selling well is the best bet to lower risk. This means target similar industries and regions so that the predictability of your success is higher and so are your profits.

Sunday, July 06, 2008

Sterling On Wall Street - The Forbes Platinum 400, an exclusive list of the best big companies in America

Sunday, July 06, 2008 0
Sterling On Wall Street - The Forbes Platinum 400, an exclusive list of the best big companies in America

Forbes Announces; Sterling On Wall Street - The Forbes Platinum 400, an exclusive list of the best big companies in America


The Forbes Platinum 400, an exclusive list of the best big companies in America, is a good place to look for potential stock market stars.

In six of the past seven years, our annual list--also known as America's Best Big Companies --outperformed the stock market over the following 12 months. The Platinum 400 had its best 12-month run in 2003, when it gained an average 26% versus 13% from the S&P 500 and 10% for the Dow Jones Industrial Average.

he only time the Platinum 400 disappointed, was in its inaugural year, 1999, in which the median 400 stock lost 2% and the average stock was up 11%. During that stretch, the S&P 500 gained 19% and the Dow 20%.

Platinum 400 Performance Scorecard

Year Price Performance Relative To Issue Date* Actual S&P 500** Dow Jones**
1999 Average 11.1% 94 93
Median -1.9 82 81
2000 Average 6.5 111 110
Median 3.8 108 107
2001 Average 3.8 123 113
Median 0.9 119 110
2002 Average -2.5 118 106
Median -1.4 119 108
2003 Average 25.9 111 114
Median 19.7 106 109
2004 Average 16.0 105 109
Median 13.6 102 107
2005 Average 14.9 107 110
Median 8.7 101 104


* The price performance for each year is measured over 12 months beginning from the respective issue's pricing date. ** Relative to S&P and Dow figures are the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the respective index.
Source: FT Interactive Data via FactSet Research Systems



Friday, May 16, 2008

Leisure is usually regarded as a synonym for frivolity. The things you do when you have nothing useful to do are called leisure activities.

Friday, May 16, 2008 0
Leisure is usually regarded as a synonym for frivolity. The things you do when you have nothing useful to do are called leisure activities.
Leisure is that portion of time not obligated by subsistence or existence demands. It represents discretionary or free time, time in which one may make voluntary choices of experience.

What is leisure?


Leisure is that portion of time not obligated by subsistence or existence demands. It represents discretionary or free time, time in which one may make voluntary choices of experience.


Leisure is usually regarded as a synonym for frivolity. The things you do when you have nothing useful to do are called leisure activities. To do something slowly, ploddingly or inefficiently is described as doing it in a leisurely manner.


Yet the old definition of leisure (from the Oxford English Dictionary), "the freedom or opportunity to do something specified or implied," should alert us that leisure is extraordinarily important. "Something specified or implied" can be any action whatever. This degree of generality tells us that leisure is a fundamental of action.


That was Aristotle's view. Aristotle, who was certainly not given to rash and thoughtless hyperbole, repeatedly emphasized the importance of leisure (schole). "As I must repeat once again, the first principle of all action is leisure." (Pol., Bk VII, 3) Indeed, "we are busy that we may have leisure." (Nich. Eth. Bk X, 7.) According to Aristotle, leisure is the goal of busy-ness, of what we call labor. Aristotle is the first, and so far the only philosopher, to have held the doctrine that I call scholism: the view that leisure is a fundamental human value. He did not, however, give a formal account of its nature.


The common definition of leisure as "time off work" or "time for play" points out an important aspect of leisure: time. It specifies the nature of the freedom or opportunity which is involved in leisure: leisure is time available for action. Unfortunately, to define leisure as time off work is like defining money as a commodity which can be exchanged for useless luxuries. Such a definition of money would blind us to the practical uses of money, and the common definition of leisure blinds us to the profoundly practical uses of leisure.


To grasp the full significance of leisure, we must recognize it as time available for any action whatever. When you set aside an hour, day or decade for a particular project, you are devoting an hour, day or decade of your leisure to that project. Whether your project is utterly frivolous or profoundly serious, you require leisure for it. Leisure is a basic resource which is necessary for, and which is used up in, the performance of any action whatever, and therefore in pursuit or enjoyment of any value whatever.


So, what is leisure? To devote your leisure to some action means to devote your mental and physical powers to that action for that period of time. It means to devote your life to that action for that period of time. A minute or hour of your leisure is a minute or hour of your life. Your leisure is your life. Formally, leisure is an individual human life as measured by time. Informally, leisure is the time of your life.


Leisure is a value because life is a value. Leisure is just life regarded as a series of measured portions.



What is Leisure Sickness?


If on weekends, you have trouble sleeping, feel nauseous, exhausted, get cold or flu symptoms or headaches, and particularly if you get ill on vacations, you may be suffering from leisure sickness. In the late 20th century, Ad Vingerhoets and Maaike van Huijgevoort, psychologists at Tilburg University in the Netherlands, first studied the syndrome of leisure sickness. Essentially, Vingerhoets and van Huijgevoort found that many people seem to get ill on weekends and vacations, not from viral based diseases, but from the fact that they are not working.


In addition to the symptoms mentioned above, leisure sickness is associated with aches and pains and an overall feeling of fatigue. Those who suffer from the condition may also have lousy vacations, because they frequently feel ill or lack the energy to enjoy the activities they planned to do. Leisure sickness is considered psychosomatic, because most people in the midst of it are not suffering from any viral or bacterial illness.


In the early studies done by these psychologists, it appeared that certain personality types are most likely to encounter leisure sickness. People who typically are overworked, expressed a lot of stress around working, or who rarely took time off from work were often leisure sickness victims. Others who tended to be affected by leisure sickness were those for whom planning vacations was viewed as especially stressful. In contrast, those people who did not report leisure sickness were likely to exhibit healthy attitudes toward work, had a balanced work and social life, and enjoyed vacation planning, not viewing it as stressful.


For some people, the sudden transition from job orientation to leisure orientation brought on symptoms of leisure sickness. It is as though people really did not know what to do with themselves, even when they had plans, because their central focus was generally on working. This manifested in the body as symptoms of stress, which in turn manifested symptoms of illness.


When people took long vacations, many reported feeling better from leisure sickness symptoms after about a week. Still some reported always being sick on vacations, no matter the length. In the first scenario, it appears that some people are able to shift their focus into a leisure instead of working mode and recover from leisure sickness after being off the job for a while.


It does appear that addressing attitudes toward work can help leisure sickness. Many who reported leisure sickness also reported thinking about work much of the time when they were not working. Some people also noted that they felt guilty for not working in their off time. It’s fairly easy to draw lines between preoccupation with work, stress, and illness.


The suggestion, however, is that curing leisure sickness means changing attitudes about work. This might mean allowing yourself to feel entitled to vacations, and during your workweek, still participating in social activities so that there is a better balance between work and relaxation. From a stress standpoint, many people are able to feel less stress when they deliberately focus on the present, not allowing their jobs to “come home with them.” This can’t always be mastered, but if every vacation represents another bout of leisure sickness, it might well be worth investigating how to change your attitude toward work.



QUOTES: Leisure


"If, then, it seems to you that our investigation is in a satisfactory condition, there must remain for all of you the task of extending us your pardon for the shortcomings of the inquiry, and for the discoveries thereof your warm thanks."
-Aristotle, On Sophistical Refutations


"Work and play are words used to describe the same thing under differing conditions."

- Mark Twain


"Few Americans even know what 'leisure' really means, and commonly confuse it with recreation or time off from work, even if that time is spent doing chores."
- Shannon Mullen, "Millenium Changes Definition of Leisure", USA Today (5/27/99)


"The individual, in our society, works for profit; but the social purpose of his work lies in the consumption of what he produces. It is this divorce between the individual and the social purpose of production that makes it so difficult for men to think clearly in a world in which profit-making is the incentive to industry."
- Bertrand Russell
"In a society that enforces a schizoid split between Work and Leisure, we have all experienced the trivialization of our "free time", time which is organized neither as work nor as leisure."

- Hakim Bey


"[Play] comes to be viewed by its participants as pleasurable but inessential, except as an interstice between sleep and productive labor. [But] the substance of human liberation may be realized in the play element...play represents the flowering of the imagination unfettered by the constraints of material necessity."

- Stanley Aronowitz, False Promises


"The creative and rewarding use of leisure should be at least as central a concern as the need for meaningful work."
- Paul Wachtel, The Poverty of Affluence




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