Use Your Power

A lot of companies have had to deal with so many different changes in the economic changes in the U.S. It is almost as if many companies have started to settle for the client and product that they don't want in order to turn over profit.

In no situation should you settle for something less than what you would want for yourself. That philosophy is true even within your business. When you develop the business plan or year projection plan you do not make a column that says settle. Each plan is prepared with the expectation of only the best.

Why would you decide to settle?

You don't and won't settle for just any client or product. If it does not meet your expectation then it is not good enough for you. Profit is important but without quality there is no true success rate.

Sit down with your team, mentor, consultant and layout the target market, your ideal client/product plus any other necessary things needed to see your business expand. Take that information then use it as the guideline for all that you want for the business.

It may not happen overtime but it is very possible to get what you want instead of settle for whatever comes your way.

For other motivation and tips contact us at www.makeithappenc.com. We want all our clients to exceed their expectations.

Self Improvement

Learning is a continuous process that no business owner should ever think they are above. Even the experts take time to learn new skills, polish established ones and stay on top of industry practices.

Make time to evaluation where your skills level is and what could be established so that you can build on it.

Some items to review:
Last course you took
Last book you read
Last bio updated
Community outreach
and much more

It will take up sometime but in the long run it is good to evaluate where you are to get further.

For some exercises to evaluate your professional status contact us at www.makeithappenc.com

Fashionably Business Workshops

Monday, August 16th, 2010: Visual Merchandising for Retailers: What makes a compelling visual display? How can I create windows that will get customers to leave the sidewalk and come into my store? During this 90-minute workshop, participants will learn about the art of visual merchandising, and why it is vital to the health of a "brick and mortar" retail establishment. REGISTER: http://fashionbizvisualmerch.eventbrite.com

Monday, August 23rd, 2010:Merchandising Basics for Fashion Entrepreneurs: This workshop is perfect for designers who are trying to get their products placed in a retail establishment and for retailers who want to learn more about the buying process. Participants will receive a general overview of the planning and buying function as it relates to the realm of fashion retail.
REGISTER: http://fashionbizmerch.eventbrite.com

Understanding Business Financials- 3 Part Series
August 13th, 2010: Part I: The Basics- Pricing & Sales Projections: This workshop explains the basics of business financials and how to begin developing a "makes sense" financial plan for your business. In this first session, participants will learn about various types of pricing strategies, how to create a price list for products & services, how to setting hourly rates (services) and markups (products), and how to develop an initial or working operating budget. By the end of this workshop participants will have the beginnings of a good working pricelist and understand how to better develop sales projections for their business.
REGISTER: http://fashionbizfinancials.eventbrite.com

August 18th, 2010: Part II: Overview of Financial Statements: Come and learn what the various financial statements actually mean and how to develop good financials using the SCORE.org financial plan template. In this second session, participants will learn about the basic accounting principles that every business owner & manager should understand, the four key financial statements (Income, Cash Flow, Equity and Balance Sheet) and the key operating statement (Profit & Loss), and how to actually read the financial & operating statements to determine the profitability of your business.
REGISTER: http://fashionbizfinancials.eventbrite.com

Questions? businessdev@gwfcc.org or call us at 202.709.DCFF (202.709.3233)

Help!

Many small businesses see the Donald Trump, Oprah and more powerful business owners and think they can do it all on their own. They say "It isn't that difficult to get that done on my own." If everything was so simple everyone would be in business alone and not need assistance, consultants or a team in place to help with projects.

It is important to note that all successful entities have a team, support or some outside source to assist with the business. It would be nice if everything could be done by one but it just isn't logical or healthy.

If you need help in any area for your business make the time to draft the need and then look for the qualified help needed to take things to another level.

It is your business but you cannot build Rome alone.

June Celebration

National Professional Wellness Month

June 1–30. Increase your worth in the marketplace. Add value to your company and your customers. Be accessible, reliable and fair. Update your resume, increase your skills and learn your business completely. Become a source of reference: be visible, attend meetings and company or community socials. (from answers.com)

Evaluations

As we are making preparations to learn new skills, enhance our business and network within professional groups we have to analyze what is the best arena for us.

We will not be successful if we engage in activities that take up time but do not help us grow at all.

Before we step out to something new we have to evaluation:
Where we are?
What we like?
Where we want to be?
What are the benefits of utilizing this option?

After we agree internally that this action will enhance some part of our goals then it is good to proceed. We cannot just try things because others in suggest that we do. It is has to be meaningful for the success we want to achieve.

We must do evaluations whenever something new presents itself. It will help us feel comfortable and confident about our decision.

Goal

A lot of companies are taking their focus off of just the task at hand and working with everyone to find out what the true goal is.

Of course the initial thought would be money, success, and fame but once a full evaluation it done many companies find that the goal is much more deeper than that.

Goals consist of:
Helping the Homeless
Mentoring
Supporting the community
Giving
Renting out office space to help other companies succeed

What is your company goal?
Why are you a company?

Knowing the goal of a company can make a world of difference on how things flow.