Business Skills

Five Forces—Bargaining Power

Five Forces—Bargaining Power

How much power do you have in negotiating with your suppliers and customers? The first and fifth of the Five Forces described by Michael Porter are Buyer Bargaining Power and Supplier Bargaining Power.  If this is the first time you've heard about Porter's Five...

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Where Does Your Business Fit In?

Where Does Your Business Fit In?

Think about your business.  Where does it fit into its space? How does your business operate relative to your competitors, suppliers, customers, etc.  Who are your competitors?  Do you even have suppliers?  Well, of course you do, but have you thought about it?  Who...

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Hustle It!—Tree Trimming

How much do you think you could make trimming people's trees? Almost two year ago, I moved into our house in Irving, Texas.  Shortly before I bought the house, I found out that a big tree branch had broken off one of the huge trees in the yard and was resting on the...

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Hustle It!

Hustle It! First of all, the term hustle can have some pretty negative meanings, including "a fraud or swindle".  That's now what we're talking about here.  Hustle has come to mean "doing what it takes to make money".  And that's what we're talking about! So let's do...

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The Big Fat Solicitor Fail

Let me tell you a story… A few days ago my wife heard a knock on the door late in the afternoon.  Upon opening the door she saw a man standing there with a clipboard and shirt with a logo for a cable/internet provider.  When she inquired how she may help him, he...

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You Need to Start Investing Today

You Need to Start Investing Today

At work today, a coworker told me about an article he saw on Yahoo Finance that talked about how much money people have saved for retirement.  And it got me concerned. The article summarized some data gathered by the U.S. Census Bureau, so these are statistics for the...

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