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Practical ways to increase the assets of your business
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[QUOTE="Jasz, post: 229321, member: 61772"] Everyone in business wants more money. And there are many ways to make it happen. The first step is looking at your strategy. Are you doing what you can to get the best out of your resources? Here are some ways to do just that: 1. Hire people who bring more than just skills on paper—people who have passion, determination, and a great attitude. These are the people who go above and beyond to give your business the best chance of success. 2. Never be afraid to try new things—you might surprise yourself, or even discover a new way of making money! 3. Celebrate your successes as well as your failures—failure can provide valuable insight into what you need to change next time around, while success can increase motivation and morale within your team. 4.Re-evaluate your debt 5.Sell a new product or service 6.Negotiate with suppliers for better terms 7. Reduce inventory through sales or process improvements 8.Get credit for accounts receivable 9.Be more mindful. This may sound like something your yoga teacher says, but it's true: if you don't have your head in the game, your business won't be long for this world. Make sure you're always multi-tasking so you're getting the most out of every minute. 10.Take notes—and keep them! You never know when an idea may stick and become the next big thing. Why waste any time? Jot down every thought (even if it doesn't make sense at the moment) and revisit it later to see if it's worth pursuing. [/QUOTE]
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