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May 2000 Sent to you at your request by Tom Shay and Profits Plus Seminars Visit our website at www.profitsplus.org The new article on the website for May is entitled The Price is Getting Right. It deals with the concept I speak of in seminars with regard to pricing against the big box competition. And if you missed the April article, it is still posted on the site. The April issue deals with the most frequently asked question, which is, "How much margin should I have?" With many e-mail programs, you can click on the link at the end of this sentence to go immediately to the May article page on our website. The Price is Getting Right New on the Profits Plus website: There are
a lot of new items on the website this month as we have added approximately
35 new pages. On the site, you can find: Don't forget about the business knowledge test. It is a 20 multiple choice question test which will test you on your ability to manage a business. As you answer the questions and press "submit", you will immediately get the answers and score. Play as often as you like. It is free for you to enjoy and improve your business knowledge. Retail Test Page So, here is what we have found on the Internet in the past month to share with you. Home Improvement If a homeowner is going to get ideas for doing some home improvement to their residence, here is where they will be visiting to get ideas: 62% said
a home improvement store Rocket
science Actually it is now more than that. The speaker went on to say that today's Ford Taurus has more computer technology in it than did the first Apollo spacecraft that landed on the moon. Up and
coming colors Thank you for allowing us to visit your computer this month, and taking the time to read our newsletter. We trust you have received some business building ideas from it, as we look forward to seeing you again next month. Get your
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MAY 2024
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With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.
Small Business
The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.
Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?
Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.
Small Business
We see that many small business owners have too much of a focus on the "top line" of their income statement.
Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.
Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.
And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.
The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."
Lean Startup by Eric Reis is our suggested book for May.
As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.
Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.
