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Business Advice
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Business Advice

MARUTI SUZUKI

A good location can make the difference between a profitable and a bankrupt business. There are many questions to consider when choosing a business site. Use the questions below as a checklist for potential locations and then compare several sites.

  • Are there parking facilities?
  • Is transportation available and convenient?
  • Is the quality of police and fire service adequate?
  • Will it be a quality site for the future—not just five years from now, but in 10, or 25 years?
  • Is nearby housing readily available for management and employees?
  • Is there nearby competition? Are those sites better or worse than yours?
  • What is the general business climate in the area? Is this a prosperous market?
  • Are merchandise and raw materials available? Are your suppliers easily accessible?
  • How is the traffic flow—can your customers reach you quickly and inexpensively?
  • Is your building suitable to your kind of business—will it need any major renovations?
  • Is there an adequate community infrastructure for utilities (sewer, water, power, gas, etc.)?
  • What is the tax burden—town, city, county, state? Will this impede your business and growth?
  • What are the costs of operation in this location—will it be too high to offer you an adequate profit?
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Business Advice

American Messenger Company

UPS was started by two teenagers with one bicycle and $100 borrowed from a friend.

The date was August 28, 1907 and the two kids were 18 year old Claude Ryan and 19 year old Jim Casey. The two had one bike between them and $100 (about $2400 today) borrowed from a friend to found the “American Messenger Company” in Seattle, Washington. The company was initially run in a hotel basement at Second Avenue and Main Street in Seattle.

Today UPS As one of the largest package delivery service companies in the world, the United Parcel Service generated almost 74.1 billion U.S. dollars in revenue and had a net income of about 4.4 billion in 2019.

Proper Planning

The first step to having a difficult business conversation is proper planning. Before you address the employee directly, take a moment to consider what needs to happen in this conversation. If it helps, jot down the points you would like to make during your meeting.

Make Eye Contact

Make eye contact with the people in your business discussions, particularly when they are speaking or when you are. Eye contact is one of the most important communication skills. This is even true when you are just video conferencing someone from your virtual office78. Making eye contact while speaking shows that you are focused and listening to what the person is saying.

Informative Initiation

Another important tip for these types of meetings is to provide your employee with an informative initiation. Essentially, this means that should provide them with a context of the meeting when you are setting up a time to talk, instead of sending them cutesy growth quotes85. Knowing ahead of time what you will be discussing may help to soothe your employee’s nerves and allows them to collect their thoughts.

Informative Initiation

Another important tip for these types of meetings is to provide your employee with an informative initiation. Essentially, this means that should provide them with a context of the meeting when you are setting up a time to talk, instead of sending them cutesy growth quotes85. Knowing ahead of time what you will be discussing may help to soothe your employee’s nerves... (More)