Category Archives: Money

What Motivates You? (Part 2)

Start at What Motivates You? Part 1. There are a number of reasons people do what they do. I ask you to answer your why when you make these decisions and in return I will help you better understand the motives you have. To expand we have 5 more theories on motivation. Incentive Theory: Stimuli “attract”, a […]

Who are Your Stakeholders?

When you have a business, there are 7 key stakeholders to consider. It is important for you as the owner to prioritize and meet the needs of each. The 7 stakeholders are… The Shareholders The Customers The Employees The Suppliers The Community The Government The Environment I hope you ask yourself whether or not you […]

What is the Triple Bottom Line in Business?

The triple bottom line is an evolved concept of how executive company officials make decisions. The old bottom line use to be profits. It worked in the benefit of one primary stakeholder, the shareholders who invested monetarily into the company. As society evolves and new social norms emerge, businesses now have a new bottom line also known as the triple […]

Do You Have Strong Business Morals?

What are your morals? How will your business treat its stakeholders? Do the ends ever justify the means? Or should ethic decision making be taken throughout the process? To ensure ethical behavior within your business please consider these 7 principles of ethical decision making. Principle of Government Requirements – never take any action that violates the […]

How to Create a Professional Resume?

We will begin working on the content of the resume then we can decide how to format it. I have my resume at the bottom to refer to as well. First start with your name and contact information. Put this on the header. First and Last Name Home Address Phone Number Email Adress Additional contact information […]

How to Build Value? COGS, WTP, Perceived Value, Objective Value

In a business there is a chart people should understand. Since nothing is absolute and everything is relative people perceive a product or service differently in which they will value it differently. The objective for a business is to build more value than the buyer is willing to pay, this increase of value will make the […]

Do You Like FREE? 4 “Free” Business Models

Have you ever heard the saying, “there is no such thing as a free lunch.” Well in the process of transactions through economics it is very true. What may be free for one person had to have been paid via labor or monetary cost by someone else. I will explain to you 4 Business Models that work on […]

What Value Can Your Business Provide? B2B or B2C.

In business we are allowed the opportunity to price our product or service. Before we go into the value your company can offer. Lets dive into who you will be targeting. Is your service or product meant for another business or is it meant for the public consumer. For a business to be profitable there must […]

What Will You Offer? A Product or A Service?

Are you business oriented? Do you want to start your own business? Have a great idea? I’d like to hear it. For this article, we will be discussing the simplest of economic terms in business. What will you be offering? Will it be a product or will it be a service or possibly a combination […]