Following is an excerpt from a panel discussion hosted by iConcept Media in New York City.
Pull Out Quotes,
Ship it off-shore.
If your business is growing more than 20% a year, you must buy some debt or sell some equity — this is the only way to fund receivables, unless you have a cash business (or a Dell business model…).
In marketing run the numbers down the funnel: how many touches going in at the top, to an action, to a sale at the bottom of the funnel. Work that sale backward up the funnel to learn the size needed for your marketing budget. (And remember: Half your marketing budget will be wasted. You get paid to figure out which half. Apologies to John Wanamaker.)
Your job in business is to create a customer and make a profit. If you are not doing this, you do not have a business; you have a hobby.
For more Solutions To Your Management Problems please visit Management Training of DC, LLC
Visit USAToday Columnist Steve Strauss.
See Birol’s Blog for Advice, Assistance, Attitude
And while in New York City, go visit the Indian Bread Company.
If you are looking for the perfect gift, go visit NYCSubwayLine. Your Business Blogger(R) did all his Christmas shopping on-line and got the coolest backpacks, clutches, hoodies and shirts for the Penta-Posse. The hoodie is The Dreamer’s favorite. The cutting edge, high quality products are the brain-child of actress Lynne Lambert,
One day, while waiting for her train, Lynne found herself staring up at the subway signs with its big colored circles with the letters and numbers inside and thought “Why hasn’t anyone ever done anything with these quintessential NYC icons? I bet people would wear them if it was done right!” And so the NYC subway Line was born. Licensed from NY State’s Metropolitan Transportation Authority, the tees have appeared in movies like “Bring It On” and “Prime,” on MTV, BET and VH1 by artists and their audience, and worn by celebrities such as rapper “Fabolous” and President Clinton. Recently, Ms. Lambert was awarded the Make Mine a Million Business award that was founded by Count Me In for Women’s Economic Independence along with OPEN from American Express where she received financing from OPEN, one year of intensive business coaching and mentoring from a dream team of successful women entrepreneurs, business software and training from Intuit, discounts on shipping and business services from FedEx, marketing assistance from QVC, and assistance on work/life issues and financial security from AIG.