I can only hope that I've been somewhat helpful. This thread isn't about every possible point for success... that's still on an individual basis... and success for one is very different than success for another. I like your hard work statement because in America - that's what it's all about. Now this thread is trying to take that hard work - and turn it into something that can be rewarding when you're all done doing hard work! HAHAHAHAHAHA
What's the point if after all that hard work - you end up with nothing? UGH.
Small business is the hardest job EVER.. you have to wear every hat and you're expected to be good at wearing all of them. You have to be able to install a window and you're supposed to know what your accountant is telling you too.
Here's my problem with accountants. They just put the numbers on a page. The numbers are meaningful and I'm not taking anything away from their work... but the accountants can kill your SALES. Because they'll fill your head with what MARGIN (or markup) you need to pay your bills and make a profit. Fine. I get it. But if your margins are "wrong" (too high) - then you won't make many sales and nothing from nothing is nothing. Some small businesses get caught up in not understanding margins and overhead and GSA etc. And they loose sight of what needs to happen FIRST - and that's to make a sale, gain a happy customer, service that sale no matter what - because that's what leads to the next sale and so on.
It would take pages to explain what I'm saying in a more detailed way - but you get the point.
Quote:
Originally Posted by glassman
Crystal clear bud! What i appriecate about you Greg is you say it in a way that i can understand, so many "pros" that i've talked to cant make it clear. My brain and the way i think, over complicates things. I am a glass tech (glazier) by trade and due to my shoulder (mostly) I have to now be a CEO, one with vision, leadership, discipline, focus and etc.....I have to now read financial statements, create programs and create jobs, growth etc....I HAVE ZERO EXPERIENCE!!!!
But one thing i do know, is hard work merits good results, even if you fail or lose, you've "Given it your all". I'm not leaving anything on the "field".
And my fear is not of losing (as i've lost plenty) its of being financially successful and all that it entails. So keeping it simple (investing) is key for me!! And that, my friend, is what you've brought to the table, on this thread,, for me.
One day i will bring some actual "insight" to this here table, but for now, i dont mind being a student.  |
Sorry for my RANT --- I just have a hard time with "professionals" that always want to tell you all about all the numbers but don't understand that sales have to come first and if you have enough sales - the numbers take care of themselves (unless you're giving the stuff away -- then you end up like Frank @ Prodigy). RANT OVER. LOL