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             Welcoming 2003

 

 

As an American Citizen, family member, community activist, and or Entrepreneur, etc, we should look forward to this year of 2003.

 

There are a lot of things we have accomplished in the past year in spite of circumstances. I don’t have to know you as an individual to realize that fact. Why, because it is human nature to progress. Regression is not an option for the self-employed. That is why I want to believe you progressed as did I. Some of us may not have met our ultimate goals, but all of us made noticeable gains in our business environment as well as other areas in our life.    

 

An Entrepreneur who understands where he wants to go and how to get there will progress in spite of setbacks.

 

Use of Credit

 By now you know protection of your credit is vital to your business plans and home life. We, unlike a lot of experts do not advocate eliminating all of your credit cards. A better plan would be to have an American Express card along with Visa, Master, or Discover Card for your business purchases. Never mix your business or home income and expenses.

 

 The AmExp card would be used for small purchases where cash is not immediately available. The balance of which would be paid every month. The Visa or etc. should be kept as close to a zero outstanding dollar balance as possible. We would recommend a card issued by a major bank with zero or low interest rate. Ideally, it is a zero or low interest rate card. If the interest rate is higher than 15 percent, negotiate a lower percentage with the bank. This card would be used for short-term loans that could be repaid within 90 days.                      

  

 

 

 

 

 

Text Box: Welcoming 2003   As an American Citizen, family member, community activist, and or Entrepreneur, etc, we should look forward to this year of 2003.   There are a lot of things we have accomplished in the past year in spite of circumstances. I don’t have to know you as an individual to realize that fact. Why, because it is human nature to progress. Regression is not an option for the self-employed. That is why I want to believe you progressed as did I. Some of us may not have met our ultimate goals, but all of us made noticeable gains in our business environment as well as other areas in our life.       An Entrepreneur who understands where he wants to go and how to get there will progress in spite of setbacks.   Use of Credit  By now you know protection of your credit is vital to your business plans and home life. We, unlike a lot of experts do not advocate eliminating all of your credit cards. A better plan would be to have an American Express card along with Visa, Master, or Discover Card for your business purchases. Never mix your business or home income and expenses.    The AmExp card would be used for small purchases where cash is not immediately available. The balance of which would be paid every month. The Visa or etc. should be kept as close to a zero outstanding dollar balance as possible. We would recommend a card issued by a major bank with zero or low interest rate. Ideally, it is a zero or low interest rate card. If the interest rate is higher than 15 percent, negotiate a lower percentage with the bank. This card would be used for short-term loans that could be repaid within 90 days.                                    Text Box:   Front Page

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Text Box:     58% of households consisting of 2 to 4  people have at least one computer. 30% of households consisting of one person have a computer.  31% of African Americans wwWeb users have purchased    products or services online. 32% of Hispanic Americans wwWeb  users have bought online services or  products.

Text Box: Is online retailing worth the effort?  · 45% = Projected online retail sales growth for 2001 · $65 Billion = Total online retail spending for 2001 · 72% = Percentage of catalog retailers reporting online profits · 43% = Percentage of Brick-and-mortar retailers reporting online profits. · 27% = Percentage of e-retailers earning online profits. What do you think? Source, The Boston Consulting Group.  

Lower your Cost                       of doing business 

An Entrepreneur should review expenses just before quarters end, especially fixed expenses. Contracts should be set up to   expire at the end of a quarter. That will   allow you to renegotiate new money saving terms and conditions and apply them to the next quarter(s). Utilities, phone service, and maintenance agreements are a few that come to mind. Network with other Entrepreneurs to develop multi-business contracts with your common service vendors. Adding 3, 4, or more of your fellow Entrepreneurs to a contract increases your groups buying power and lower your overall cost for services.

 Purchasing new software packages certainly applies here. Investigate your ability to   purchase say, a XP for windows, etc. as a group versus going it alone. You should always think software when trying to track sales, inventory, or using a data base to store and gather customer statistics. Don't buy the upgrade unless it will really be beneficial to your requirements.

Text Box: Lower your Cost                       of doing business  An Entrepreneur should review expenses just before quarters end, especially fixed expenses. Contracts should be set up to   expire at the end of a quarter. That will   allow you to renegotiate new money saving terms and conditions and apply them to the next quarter(s). Utilities, phone service, and maintenance agreements are a few that come to mind. Network with other Entrepreneurs to develop multi-business contracts with your common service vendors. Adding 3, 4, or more of your fellow Entrepreneurs to a contract increases your groups buying power and lower your overall cost for services.  Purchasing new software packages certainly applies here. Investigate your ability to   purchase say, a XP for windows, etc. as a group versus going it alone. You should always think software when trying to track sales, inventory, or using a data base to store and gather customer statistics. Don't buy the upgrade unless it will really be beneficial to your requirements.

Golden Nuggets for Entrepreneurs

Text Box: Golden Nuggets for Entrepreneurs Text Box: By the K-R Staff Writers  

E-LOAN: A better way to get a loan! Click to learn why!

E-LOAN: A better way to get a loan! Click to learn why!
E-LOAN: A better way to get a loan! Click to learn why!

E-LOAN: A better way to get a loan! Click to learn why!

E-LOAN: A better way to get a loan! Click to learn why!
E-LOAN: A better way to get a loan! Click to learn why!