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jjricha | JJ Richa's Insights
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JJ Richa's Insights. Business, Finance, and Angel Investing. Customer Jujitsu: Leveraging Customer Needs for Strategic Imperatives. Asymp; Leave a comment. By David Friedman I am a New York Yankees fan and grew up with Mickey Mantle, Whitey Ford, and the …. Continue reading →. When Customers Can’t Pay, What Can You Do To Protect Yourself? Asymp; Leave a comment. By Michael Good No matter how diligent your efforts, it’s bound to happen: A significant customer runs into trouble and …. Asymp; Leave a comment.
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Make Your Financials Work For You – A Break-Even Analysis | JJ Richa's Insights
https://jjricha.wordpress.com/2013/11/05/make-your-financials-work-for-you-a-break-even-analysis
JJ Richa's Insights. Business, Finance, and Angel Investing. Make Your Financials Work For You – A Break-Even Analysis. Asymp; Leave a comment. How many units (widgets or hours) do you need to sell – and for what price – to be profitable? In order to develop your profit and loss management statement, you need to do further analysis of your expenses, by accurately classifying them as either fixed costs or variable costs. Variable costs are those expenses that change with the level of sales. These cost...
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4 easy ways to be mobile accessible to your customers | JJ Richa's Insights
https://jjricha.wordpress.com/2014/06/30/4-easy-ways-to-be-mobile-accessible-to-your-customers
JJ Richa's Insights. Business, Finance, and Angel Investing. 4 easy ways to be mobile accessible to your customers. Asymp; Leave a comment. Let’s start with why you need to be mobile accessible. A few quick stats. 668% of mobile US subscribers are on smartphones (55% same time last year). That’s over 130 million US consumers! Most mobile users are have their smartphones with them at all times. They run their lives through them, business and personal. Tablets are showing faster adoption rates than smart p...
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11 Tips for Better Cash Flow Management | JJ Richa's Insights
https://jjricha.wordpress.com/2013/12/06/financing-your-business
JJ Richa's Insights. Business, Finance, and Angel Investing. 11 Tips for Better Cash Flow Management. Asymp; Leave a comment. It is simply insufficient to only focus on total sales dollars. It is as important to focus on the cash collection of those sales. Reacting to cash flow problems means you are already in a bad position. It is imperative to take proactive measures to stay on top of your cash flow and improve the bottom line:. Know your business’ balance sheet. Require upfront payment on projects.
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Customer Jujitsu: Leveraging Customer Needs for Strategic Imperatives | JJ Richa's Insights
https://jjricha.wordpress.com/2014/10/27/customer-jujitsu-leveraging-customer-needs-for-strategic-imperatives
JJ Richa's Insights. Business, Finance, and Angel Investing. Customer Jujitsu: Leveraging Customer Needs for Strategic Imperatives. Asymp; Leave a comment. Another business person very conscious of the competitive environment sees what the competitor offers and chases after solutions to outdo the competition. After all, if a company can outdo the competition on items such as features, benefits, and technology, wouldn’t that company achieve share gains? 2 Bounce back cards/online surveys/follow-up calls&#...
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Financing Options for your Business | JJ Richa's Insights
https://jjricha.wordpress.com/2014/05/07/business-financing
JJ Richa's Insights. Business, Finance, and Angel Investing. Financing Options for your Business. Asymp; Leave a comment. What are the available financing options? There are several options available to finance your startup or existing business. These options may or may not work for you depending on many factors. These financing options include:. Friends, Family and Fools’ (FFFs) Financing. Line of Credit Short Term Working Capital. Term Loan Real Estate, Equipment or Other Long Term Capital Requirements.
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5 Marketing Questions to Drive Faster Sales Growth | JJ Richa's Insights
https://jjricha.wordpress.com/2014/01/06/5-marketing-questions-to-drive-faster-sales-growth
JJ Richa's Insights. Business, Finance, and Angel Investing. 5 Marketing Questions to Drive Faster Sales Growth. Asymp; Leave a comment. Content Contributed By Kent Milhbauer. Many startup and small businesses operate without a formal marketing plan. They market in fits and starts, and usually only when business slows down. This system leads to a disjointed marketing effort that is more expensive and less effective than following a simple marketing plan. What is the budget? Answer these questions and app...
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Exit Planning | JJ Richa's Insights
https://jjricha.wordpress.com/2014/01/27/exit-planning
JJ Richa's Insights. Business, Finance, and Angel Investing. Asymp; Leave a comment. When you start a new business, buy an existing business, or as you plan to grow your existing business, one very important aspect to consider is the need to think about your business exit strategy. Are you trying to establish a lifestyle business that generates income without plans to sell it in the future, or are you building equity in a business that you may want to transform into cash? Buyout (LBO, MBO). You are comme...
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When Customers Can’t Pay, What Can You Do To Protect Yourself? | JJ Richa's Insights
https://jjricha.wordpress.com/2014/08/12/when-customers-cant-pay-what-can-you-do-to-protect-yourself
JJ Richa's Insights. Business, Finance, and Angel Investing. When Customers Can’t Pay, What Can You Do To Protect Yourself? Asymp; Leave a comment. No matter how diligent your efforts, it’s bound to happen: A significant customer runs into trouble and can’t pay. Or worse. You lose communication and the next thing you get isn’t a payment; it’s a notice that the customer has sought bankruptcy protection or executed an assignment for the benefit of creditors. There are several action steps you can take.
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