“Whatever the mind can conceive and believe… it can achieve.” Napoleon Hill, Think and Grow Rich Let’s say you’ve got a successful business with a decent stream of buyers. Everything is moving along smoothly. Steady. The question is, how can I find more profit in this situation. My answer is to Expand the Product Line. Here are a few ways to consider this challenge… 1. Think about vertical markets. Consider where you are in the distribution channel of your product. Is there a way to get a new product from your suppliers? Or, can you act as distributor to someone downline who ultimately has the final buyer? 2. Add a related product to your existing line. If you sell sunglasses at a stand in the mall, do you also sell those fancy neck chains or cases? If you offer a lawn service, can you include a tree triming or irrigation …more
Tag: Think Big
Study the Great CEOs
Maybe it’s because I lived in NYC for so many years, but my favorite CEO is Donald Trump. I’ve followed Donald’s business adventures for years. Heck, I remember when he was married to Ivana! One thing I like is the fact that he’s been both wildly successful and totally bankrupt. …more
A Quick Business Plan Template
There are millions of pages written about how to write a Business Plan. Bookstores and e-books are full of expert techniques. For me, I always like to start with a standard outline. Then, start filling it in and expanding the ideas. Almost like fill in the blanks with the basics …more
