Years ago, i read a book called Finding Your Niche, written by Laurence J. Pino. This book taught me how to determine my primary value-added and set up an efficient production process, design an infrastructure that will support my business while keeping expenses to a minimum, being sensitive to profitability and cash management. Discover more in this short article.When you have laid out your marketing and fulfillment services, think about creating profit from value. You create value from production! There are three elements to this particular component of your business. First, you must set up the actual production system. Second, understand your value-added considerations. Third, develop a quality assurance program.There are two ways to handle production: you can do it yourself, or you can get someone else to do it for you. Both can be profitable, and the method you choose will be based on your specific product or service.In the case of most intangible products, such as services, the decision is fairly simple: you or someone you hire, provides the service to your customer. In the case of a product, you have a lot of other things to consider. When it comes to producing a tangible product, there are three primary approaches you can take:
manufacture the item yourself from raw materials.
Buy an existing item and make some modifications to it.
Subcontract the entire manufacturing process.
Using subcontractors is usually the most efficient method of production. A thorough quality assurance program means satisfied customers who will buy from you again. Detailed subcontractor agreements are a key part of quality assurance. If necessary, seek out subcontractors in other countries and increase value.Always produce quality products! Have the right people and the right innovations. Put your creativity to work, give your customers valuable products and open up more favorable occasions for yourself.Business production is 100 percent processing. It is processing that adds the value to your product that makes it different, and it is the value-added that people want to buy. Value-added is to production what difference is to marketing. And you will price according to your value-added.The value-added of your product or service is the value that comes from the processing you provide. The value-added is the benefit you are offering your customers, and is usually what will convince your market to buy from you. Though value-added is a production issue and pricing is a marketing issue, you should price according to value-added for maximum profitability.Be confident, intelligent and independent in thought.Conclusively decide your value-added system and set up production process that is capable of achieving the desired results with the effective use of resources, time or energy. your Maximize your profitability while keeping your expenses to a lowest possible amount or degree.Copyright © Anyaele Sam Chiyson
Why are more Americans starting their own home based businesses? The numbers have been out the roof with the number of people who own and operate their own business from home. What a great time to start one for yourself! With the high unemployment rates and threats of layoffs people are starting to realize that the days of job stability are over. Some people think that home based businesses are rinky dink companies selling cheap products that no one buys. That couldn’t be farther from the truth. Majority of home based business opportunities are with reputable companies with superior products,services, and they allow you to make a great income selling their products or services from home. Some of the top home based business company’s make over $1 Billion dollars in sales every year. Even Bill Clinton fully endorsed the industry because of the opportunity it gives to Americans to live the American dream through financial freedom, and business ownership.Types Of Home Based BusinessesProduct Based CompaniesProduct based home businesses sell products to consumers directly through a independent distributor which would be you. There are thousands of companies that sell anything from nutritional products, makeup, juices, to Tupperware. The sky is the limit with the amount of different companies that sell different products that you can choose from.Service Based CompaniesService based home based business opportunities sell a service versus a consumable product. These companies include insurance,electricity and natural gas,internet,mobile phone,legal, and many other services.Unlike product based opportunities you are offering a service to people instead of selling a product. These services offer substantial savings to consumers and gives you an opportunity to earn a great income just for referring their particular service.Affiliate ProgramsAffiliate programs are similar to ones I listed above but the only difference is how you get paid. With an affiliate program you get paid a % on the sales that you make when you sell their product or service. These do not offer any type of residual income that the other companies pay. Residual income is when you get paid over and over again for selling a product or service once. Affiliate programs pay you one time for every product or service you sell.Benefits Of Owning A Home Based BusinessLow Start Up CostsStarting a home business is the cheapest and easiest way to start your own business. Most traditional brick front businesses cost hundreds of thousands of dollars to get started and takes years to get into profit. The great thing about a home business is that it’s really affordable from $100 and up to get started and your up in running in minutes not months.Your The BossWhen you start your own home based business you are the boss. You work when you want and how often you want, but if you treat it like a hobby it will pay like one. So treat your business like a multi million dollar corporation because it can pay you like one.Unlimited IncomeThe sky is the limit with the income potential that a home business can generate. There are people making millions of dollars in the industry. Instead of earning a hourly income you are earning a weekly or monthly residual income and once it’s up and running you are getting paid regardless if you work or not. That’s the freedom that a home based business can allow for you.Tax BenefitsWhen you start any type of business including a home business you get tax breaks that regular employees do not. Here are a few examples of tax breaks:
Mileage- Write off mileage when any kind of business trip is made.
Utilities-Cell phone, internet
Travel- Let’s say you go on vacation. You can write off the expenses as a business expense if you do it right. Why not have a business meeting in Hawaii?
Meals- Write off your meals when you are doing business and this includes on vacation.
Check out a book called Lower you taxes big time! By Sandy Botken. He use to work for the IRS and gives you loop holes you can use for your home based business to take advantage of the tax breaks.Overall I hope you get an idea of why it’s a great idea to start your own home based business. Imagine earning thousands of dollars every month and getting to spend more time with your family and doing the things you love. The supplemental income can have a great impact on your bank account and you will have more money to spend or save or do whatever you want to! So I hope you make a decision to start your own business and cash in on the American dream!
Companies have discovered that the cost associated with paper, filing, and storage space for documentation can be expensive; not to mention the expense to pay for the personnel to do the task. With the need for cost cutting, without sacrificing efficiency, more and more companies have made the decision to “go paperless”. Document Scanning Services can provide the support companies need to meet these goals. Scanning Services scan all of the paper documents that come in or out your office, update, and systemize the filing system you have for proper storage and quick access to all your data.Finding the most competent and reliable scanning service to handle your needs is important. Do they have the capabilities to handle conversion of large-scale documents into a digital format that is convenient for your company? These Document Scanning Service providers should be able to offer not only scanning services but provide the security in transfer, shipment, and storage of documents.How will you be able to find a reputable company? Here are some basic points to consider when looking for the best document scanning in Philadelphia.Before you begin the initial search for a document scanning service, establish your goals. Make sure to look for a scanning service that can handle the volume of work you require. Scanning equipment should also be another consideration. A continual investment on the latest technology reflects the provider’s dedication to their industry. Those services providing document scanning in Mercer County should be able to ensure their clients timely and efficient results. Look for providers who have mobile scanner service to Burlington NJ as well if you manage multiple offices in the region. Ask how they guarantee the security of the information contain within your documents.Quality of work should also be taken into consideration. The issue of readability is a big factor. What will you do with those soft documents when all you see are blurry letters and symbols? Your provider should be able to assure you that each image will be legible.Furthermore, these providers should offer solutions to have your documents converted into digital images; which is necessary in today’s business world. It cannot be denied that business establishments are turning to online or web service features for their growth. One of the most popular software being used is Microsoft SharePoint Server. It functions primarily for a company’s archive for collaboration on all pertinent data and information that goes in and out. Many document scanning service providers offered document imaging for Microsoft SharePoint Server.