By James Goetz
(New Jersey) Starting a successful business is not an easy feet. Starting an unsuccessful business is simple. Failing in business is simple. By truly understanding the concepts previously discussed in turning concept to profit, you will be ahead of the game on your way to business success.
Once your business is open, knowing how to grow it while remaining true to your roots is an important task.
Ask yourself what does it take to be the best? What are you willing to do to be the best? Most are excited and motivated at first until adversity or everyday life sets in. There is no follow through. There is no resilience to build from the ground up when some difficulty usually within yourself, sets in. Are you up to the challenge? It’s your passion, not mine. Where will you be and what will you be thinking, laying on your death bed many decades from now when you look back and reflect on your life. No regrets.
Let us continue on this journey in turning concept to profit by understanding some basic vocabulary words that are essential to understanding business basics. If you do not understand a word, look it up. Keep quizzing yourself until you know the definition of each word and how it is applied.
Planning Questions Credit
Profit Flow Product
Failure Success Inventory
Structure Perspective Operations
Concept Supply Chain Culture
Market Share Customers
People Gross Margin Dollars
Gross Margins Roots
James "Jim" Goetz, affectionately referred to as, "Dr. Daddy", is a leading global expert in the field of health, fitness and wellness having spent many years as a strength and conditioning coach, completing his national chiropractic board exams and authoring numerous articles on the subject. He currently explores the unknown in advancing human performance through scientific research.
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