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Take that $300 loss and decide how many more years you're going to be in business air jordan fusion. Let's say your answer is 10 more years - well that means you're going to make $30 per year less for the next 10 years.

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Keep your personal emotions, especially fear, out of your business foamposites for sale.Always do the right thing in the next 5 minutes, have faith, truly believe everything's going to be ok, and sleep good at night, or, if you can't do that, consider getting out of the business.

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Secret #6 - What's the single biggest reason a business will fail Answer - Undercapitalization. In simple words - not enough money for the scale of operation. (The second reason for failure is not enough experience, but with "enough" money behind you, most people can learn to survive.)How much money is enough That depends on the expenses involved. It's obvious that less money is needed for a flea market than for a retail store, but what's not so obvious Let's talk about a major ingredient - inventory. Does the appearance of your inventory make you look like an amateur or a pro Customers don't like to give their money to an operation that looks like it may not be there tomorrow, instead, they're happy to give their money to a successful operation that will be around for many more years to come.Translation - have the faith & the good sense to give yourself the best odds at winning, not the worst! Make a 110% commitment to yourself and absolutely jam pack your business with as much selection/inventory as you can possibly afford (even borrow) to maximize the odds of having the selection & professional appearance to make a sale!Some people think they're being smart with minimal inventory purchases/displays, I think they're cutting their own throat! We see it all the time - minimal orders bring back minimal results! HOW COULD IT BE OTHERWISE Put your money into inventory/bigger selection, where it can give you a return of 30% plus per week instead of letting it sit in the bank earning 2% per year!Secret #7 - What about taking advantage of discounts, should they be taken or should I hold on to my money Discounts are a HUGE factor! Yes, positively, absolutely, of course, si, aqui, for sure, no doubt, always, always, always go for discounts, did I forget to say YES There are two ways to make money in retailing. One way is when you sell something. The other way is when you buy something. Buying enough to qualify for a discount is the same thing as putting that discount money in your pocket, and your pocket is where that money is supposed to be!!! Only FEAR of not selling that product stops the retailer from buying larger quantities and coming from fear will not lead to making good business decisions. In reality, when the buying cost is lowered, the selling price is substantially lowered, driving sales up beyond the beginners expectations. Put the right shoe on the right foot - focusing (without fear) on buying at the best price is more important than focusing on the selling price because the cost will determine the risk factor and the selling price possibilities. Secret #8 - How do you figure out a "break even"Very few people in business know how to figure out what their break even point is, or what it will be when they open their business - a big, big mistake because the break even is the foundation that determines a risk and profit basis! Don't try to build your business without understanding your foundation first.Let's start with a very simple break even proposition. Judy is considering selling earrings at the local swapmeet. Let's say she buys earrings from her distributor at an average cost of $.30 cents each and she plans on selling them for $1, and her only fixed business expense is the rent of $28 per day.How many earrings must Judy sell to break even Well out of each dollar brought in, .30 cents is the cost of product/earrings and .70 cents is left over which is the gross profit, which is used to pay the rent - so how many units of .70 cents are needed to pay the rent Simply divide the rent of $28 by .70 cents which equals 40 unit

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