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Your
Home Business: Turning Pennies into Dollars
Copyright © Stone
Evans, The Home Biz Guy
http://www.pluginprofitsite.com/main-6973
Henry Ford taught
us that to simplify the manufacture of automobiles, that the best way to do so
was to install the assembly line. That one change revolutionized the auto
manufacturing industry permitting the industry to build cars at a cost whereas
the average person could afford to buy one.
The lesson we should take
from this is that having the ability to improve the process of getting the job
quicker and cheaper, without compromising the quality of the job being done,
will help catapult the person who simplified the process to the top of his/her
field.
Pennies saved in your home business can turn into dollars at
the end of the day, and dollars can quickly multiply into hundreds or thousands
of dollars over time.
Doubt me if you will, but let me ask you a
question. Do you think a saving of two fifths of a penny could make any real
difference in the profit margin of a home business? Of course the right answer
is "it depends on how many transactions are done in a year, utilizing the
savings of the two fifths of one penny."
You only have to think back
a couple of decades to really appreciate this question. Do you remember the nut
that lived and died in a Las Vegas hotel room? You know the one who was a
billionaire, and was so worried about germs that he died of starvation? If you
guessed Howard Hughes (1905-76), pat yourself on the back.
Now Howard
did not make all of his money on his two fifths of one penny. He did however
make a ton of money from his two fifths of one penny. It seems Howard owned a
can manufacturing company. And one day, Howard's team figured out how they
could make one minor change in the design of their food can to reduce the
amount of tin necessary to make a single can.
As the story goes ---
if my memory serves me correctly --- the reduction in tin usage equaled a
saving of two fifths of one penny per can. Howard --- being the really smart
businessman that he was --- decided that he would not be so greedy as to keep
all of the savings for himself. What Mr. Hughes did do was to keep half of the
savings for himself, and give the other half to his customers. The incredible
thing about Mr. Hughes decision is that by saving his customers an extra one
fifths of one cent per can, he managed to take more market share away from his
competition --- netting his company an additional and substantial portion of
the total market share in the canning industry.
Let us return our
thoughts to your home business. Have you ever gotten the feeling of excitement
--- when you read something or thought of something --- that you could not wait
to implement this new idea? This could be one of those moments...
In
every home business, there are certain processes that we do over and again.
Sometimes it may be possible to trim the time or expense of a process which in
turn will add pennies or dollars to your bottom line. If it is a process that
you do hundreds or thousands of times per month, then your savings will
multiply into hundreds or thousands of dollars in monthly savings.
Imagine what running a home business was like BEFORE the computer...
Before the personal computer, we had to hand type all letters and invoices.
Now, we can setup a letter or invoice that we send out quite often, and we can
save it in our word processor so that when we need to use it again, we can
print it quickly and efficiently. There is no longer a need to type the
document again from scratch.
The computer has simplified our business
communications and has provided us the opportunity to reduce our costs of doing
business.
Think about all of the other processes that the computer
has enabled us to do for far less expense than what we could in the past.
In this case, the computer is a tool that permits us to save time and
money.
So, my challenge to you is to begin examining the processes in
your own home business and look for ways in which you can save yourself time
and money. It is far better for you to contemplate on this matter than it is
for me to do so for you. Simply put, you know your business better than anyone
on the planet does. Therefore, you are in a better position than anyone to find
those extra dollars that will decrease your costs and increase your profits.
The extra pennies and dollars you could extract from your business
could spell the difference between success and failure for your home business
enterprise.
-----------------------------------------------------------------
Stone
Evans will help you setup your very own money making
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immediately at:
http://www.pluginprofitsite.com/main-6973
-----------------------------------------------------------------
Reprinted with permission from the Plug-In Profit Site Free Website Builder.
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