Learn more about business with this collection
The history of fashion
The impact of fashion on society
The future of the fashion industry
Money and Efficiency
- 95% of your company’s profitability depends on what goes on beneath the surface (after the sales), and not the sales themselves.
- Serve your clients with the same or very similar problems, using your one consistent solution to solve the problems.
- The key to being efficient is repeatedly serving a consistent core customer need.
- The more you focus on improving efficiency, the closer you’ll get to achieving double the results in half the time.
- Focus on one area of your business that benefits your best customers and challenge yourself to figure out how to get twice the results for half the effort.
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Accountability Groups
The benefits of accountability groups:
- Having accountability partners can make a potentially challenging experience bearable
- Enforcing a plan or a system with others ensures that you are more likely to do your part
- When you regularly meet with an accountability group, y...
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Tackling Debt
- Paying yourself should always be your priority even if you’re in debt.
- Practice the one more day technique. Hold off on purchasing something and test how much you need it. You’ll feel rewarded when you see yourself saving more by going without certain items.
- Modern-day succes...
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The Profit First Diet
- Use small plates: When money comes into your main operating account, immediately dispense it into different accounts in predetermined percentages for profit, owner pay, taxes and, consistently operating expenses
- Serve sequentially: Always move your m...
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The Health of a Business
A great business is one that has healthy profits. And as business gets healthier, taxes will increase.
Profitability isn’t an event. It’s a habit. Profitable habits practiced consistently cause a company to be financially healthy.
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Small Thinking And Big Thinking
Companies, teams and individual achievers are sharply focused on achieving goals. But this focus on completion often limits the scope of the results and stifles innovation.
There is a time and place for problem-solving efficiency. But the regularity and pervasiveness of expansive ...
Balancing discovery and efficiency
In order to balance discovery with efficiency, we should practice open exploration for creativity, and then focus on one thing at a time for productivity.
For example, if you're trying to learn a new skill, start by exploring different educational channels to see which one would work b...
Fundamental Organizational Change
Many executives suffer from lagging sales, declining employee morale and other problems. These issues often arise because they don’t know how to fix them. They just try some things out, but those solutions only work for a while before another problem arises.
To truly change your c...
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