Tag Archives: cost

Infographic: Rising Cost of College

27 Oct

A quick infographic I found online to show where your money goes in Edu fees.

#thriveorsurvive.

No one goes to the Olympics for silver.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
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Tony@Changeinadvance.com
@changeinadvance

http://www.changeinadvance.com

Or simply reply to this article.

Lessons from the movie Paid In Full.

27 Jul

Lessons from the movie Paid In Full.

So I’m in a waiting room after a back injury and was discussing the movie Paid in Full with a colleague and while its a ‘hood movie’, or a ‘drug movie’- I found some great points for any business person.
The protagonist whose moniker is Ace has an unusual way of doing business and leading. At least in comparison to his peers.

-Keep pricing down.
In any business if your clientele and partners can purchase at a lower cost your average goes up.
I was part of a business that required me to buy product monthly for consumption or to give away. Now the product was great- is great. Top notch. But the problem I had was that the costs were high and then they went up! And I couldn’t convince people to buy my product. Oh I had some sales and didn’t walk away bankrupt. But the costs were extreme. And you can easily say- Tony you failed there not them. And you might be right. However if the product was a better value for the dollar I think I would have believed in it more and my customers would have bought more and been more numerous. The lesson here is simple- if your product can’t be moved in your market at the desired price- lower it. Now you may not be able too, but if you can do it. Ever notice that Old Navy and Gap inc always have sales? Or how about Honda and Toyota? Both product types are in demand. Both offer quality products. However sale pricing closes the deal. In a psych-sales/marketing class the teacher spoke on how the $19.99 pricing of a unit could lead to a 30% profit margin over the similarly priced $20.00 unit. You see, the sale price is akin to a fish hook covered in tasty bait. That one penny difference not only lures them in but seals the deal.
In the Movie ACE sold a higher quality. product and at a cheaper price. This enabled him to move product faster and satisfy his consumer base. He also benefited by having his money in hand faster and being able to buy more product faster. Also the faster you can profit the more you can minimize your risks and increase value to clients.

-More importantly keep cost down.
Now if your product is cheaper than your competitors your advantage is astronomical. And when marketed it right sales will grow exponentially. In the movie ACE purchased a higher quantity of “merchandise” at a time which enabled him to make a larger profit easier. What’s even more amazing was that since he was in essence buying wholesale he could lower his price and still make a killing. Remember profits are made wen you buy not when you sell. That applies to buying homes, flipping homes and cars and even signing contracts. Ill let you figure how the last one applies ;).
—-

-Share the wealth.
Profit sharing can have enormous implications when related to sales, profit, loyalty and growth. Now you can keep 80% of your profits and see what happens. After costs you might have 2% left to pay employees and partners. And I don’t know about you but I won’t bust my hump for peanuts- especially for your dream and not mine. See that’s a normal human reaction. Even if I give you a 110%, eventually someone else will see my caliber and snatch me up. This is avoided by either profit sharing and or paying an exceptional wage. People who are paid what they are worth or more will give more. In the movie ACE worked this out by not cutting out his competition. He made it possible for everyone to ‘eat.’. Every individual who wanted in was in. Everyone looking to cash in- DID. Your team will work. But pay them like family and you all win. Disagree? Email me.

-Share the power.
ACE shared power with friends and confidants. He didn’t rule Nazi wild style. People were given rolls and responsibilities. While ACE was top dog he had enough people whom he had given a stake too that these people kept the cogs in the machines rolling. Look at our government in the USA- there are three branches to create a balance where power is concerned. In your own business you need partners. And with these partners you may keep a majority share but when their voices don’t count they won’t care. Also in sharing power you relinquish some power but also remove a burden; a yolk is lifted from your neck. Share people. It will improve ALL results.

-Reward friends.
In business many people reach out to and or work with friends before anyone else. Now this is ideal- providing you do it right. Your friends don’t want to be slaves or butlers. They want a say, and some equality. Now here’s the tricky part- KNOW YOU. If you don’t you fail. You have to know if you can share. You have to know if you even want too. However friends deserve to be rewarded. The people who stick with you and help you build an empire must reap the rewards. Giving them this form of loyalty rewards you with theirs. And when the friends are rewarded they work harder.
In the movie ACE had a true friend in Mitch who was a hustler when ACE walked the straight and narrow. And when the tables turned and ACE was the boss he rewarded Mitch richly. Which gave him not just loyal workers but a friend for life. Now it wasn’t the materialism side that fed and freed people for ACE- it was the simple act of giving. When you reward those who are with you, everyone wins.

-Overall this movie was a ‘hood classic.’. However what people are missing is that the protagonist was able to use real business principles to succeed. He also quelled violence, saved lives and rewarded Rico the friend of Mitch. Now that dog bit the hand that fed him you might argue, but he was rewarding Rico’ loyalty to Mitch.

#thriveorsurvive.

“Lack of loyalty is one of the major causes of failure in every walk of life.” -Napoleon Hill

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Changeinadvance@gmail.com
@changeinadvance
Or simply reply to this article.

#thriveorsurvive

Are You Budgeting (Correctly)?

22 Jun

Are you budgeting (correctly)?

Now I’m sure most of my blog readers are used to my stupid questions. You see I don’t write for the savvy. I don’t even write for the lost. Most of the time I’m just writing to keep my mojo going. You see, writing keeps me. sharp. And the more I write the more my belief in ME grows. I’m building on my commitment. I refuse to fail. Most of you do too I’m sure. And so I ask-
Are YOU Budgeting Correctly?
Budgeting to most people involves rent, food, con ed, cable, and maybe car expenses. But if your venture is a home based business have you added that to your cost? You should. You have committed to wealth and freedom and this may be the most integral step.

-Budgeting is a daily experience.
Your budget is a living thing. It should be monitored and engaged daily. I would go so far as to suggest you look at it daily. I check my accounts daily to see what bills are pending, which are paid, and so forth. An additional benefit to this is unauthorized transactions are caught rapidly. Timing is everything with identity theft so being on top of spending will only help you.

-Budgeting is a lifelong process.
When you budget you should begin by listing all forms of income. Your next step is to list all your debts. Next calculate the values to see if you are in the red or if your in the black. You need to know this to gauge levels and create a start point in your budgeting plans. Savings, insurance, HMOs and so forth all have to be added to your deductions if you add to them monthly or bi-monthly.
Your saving account(s) and 401ks etc shouldn’t be touched but counted in your net worth. Remember establishing the baseline not only shows you the budget you need but gives you a framework that your venture can build from and then expand beyond your original vision to encompass an entire lifetime.

-Budgeting for life is only half the game.
You can’t simply budget for the regular occurrences. Life will throw you numerous curve balls. So why not work some cash into an emergency fund? Being ready is being smart. Nuff said.

-Budgeting for your business is Budgeting For Success.
If you have a budget already I salute you. If you don’t start one. It will help you immensely. Being aware of the factual numbers will give you peace of mind and a way to frame your needs and separate them from your wants. Work out what you must spend. Add in the amounts for savings, emergency funds and so forth. And enjoy the rest. Also make sure you tithe or give to charity. It ALWAYS builds your business better than you would imagine. BUT if you don’t budget for your business the rest is almost worthless. You wouldn’t open a McDonalds without cash right? So why would you start a venture, mlm, etc without expecting to put money into it. You have to spend money to make money. If you don’t want to- it won’t work. Just quit now. Seriously. If your business requires an auto-ship, and you are serious about it- budget for it. Don’t overdraw. Don’t grumble about a few less dollars for beer. Quit. If you refuse to fail- Awesome! Now budget for your success. The money you spend on a business or venture is an investment in yourself. It isn’t money down the drain. Its a physical and monetary commitment. Be proud of it.

Parting thought: are you dissatisfied with your autoship?
Your venture? Or yourself?
Think about that. You might not be an entrepreneur. Nothing wrong there. You might not like the product- find one you believe in then. But being your own boss, making your own hours, and never having to say no- I need that. And I bet you do too.

#thriveorsurvive

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat.
Changeinadvance@gmail.com
@changeinadvance
Or simply reply to this article.

#thriveorsurvive

Are you budgeting (correctly)?

21 Jun

Are you budgeting (correctly)?

Now I’m sure most of my blog readers are used to my stupid questions. You see I don’t write for the savvy. I don’t even write for the lost. Most of the time I’m just writing to keep my mojo going. You see, writing keeps me. sharp. And the more I write the more my belief in ME grows. I’m building on my commitment. I refuse to fail. Most of you do too I’m sure. And so I ask-
Are YOU Budgeting Correctly?
Budgeting to most people involves rent, food, con ed, cable, and maybe car expenses. But if your venture is a home based business have you added that to your cost? You should. You have committed to wealth and freedom and this may be the most integral step.

-Budgeting is a daily experience.
Your budget is a living thing. It should be monitored and engaged daily. I would go so far as to suggest you look at it daily. I check my accounts daily to see what bills are pending, which are paid, and so forth. An additional benefit to this is unauthorized transactions are caught rapidly. Timing is everything with identity theft so being on top of spending will only help you.

-Budgeting is a lifelong process.
When you budget you should begin by listing all forms of income. Your next step is to list all your debts. Next calculate the values to see if you are in the red or if your in the black. You need to know this to gauge levels and create a start point in your budgeting plans. Savings, insurance, HMOs and so forth all have to be added to your deductions if you add to them monthly or bi-monthly.
Your saving account(s) and 401ks etc shouldn’t be touched but counted in your net worth. Remember establishing the baseline not only shows you the budget you need but gives you a framework that your venture can build from and then expand beyond your original vision to encompass an entire lifetime.

-Budgeting for life is only half the game.
You can’t simply budget for the regular occurrences. Life will throw you numerous curve balls. So why not work some cash into an emergency fund? Being ready is being smart. Nuff said.

-Budgeting for your business is Budgeting For Success.
If you have a budget already I salute you. If you don’t start one. It will help you immensely. Being aware of the factual numbers will give you peace of mind and a way to frame your needs and separate them from your wants. Work out what you must spend. Add in the amounts for savings, emergency funds and so forth. And enjoy the rest. Also make sure you tithe or give to charity. It ALWAYS builds your business better than you would imagine. BUT if you don’t budget for your business the rest is almost worthless. You wouldn’t open a McDonalds without cash right? So why would you start a venture, mlm, etc without expecting to put money into it. You have to spend money to make money. If you don’t want to- it won’t work. Just quit now. Seriously. If your business requires an auto-ship, and you are serious about it- budget for it. Don’t overdraw. Don’t grumble about a few less dollars for beer. Quit. If you refuse to fail- Awesome! Now budget for your success. The money you spend on a business or venture is an investment in yourself. It isn’t money down the drain. Its a physical and monetary commitment. Be proud of it.

Parting thought: are you dissatisfied with your autoship?
Your venture? Or yourself?
Think about that. You might not be an entrepreneur. Nothing wrong there. You might not like the product- find one you believe in then. But being your own boss, making your own hours, and never having to say no- I need that. And I bet you do too.

#thriveorsurvive

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat.
Changeinadvance@gmail.com
@changeinadvance
Or simply reply to this article.

Link 21 May

What It Really Costs When Walmart Comes to Town- via cnbc.com-

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