Your Home Business: Turning Pennies into Dollars

Written by Stone Evans

Henry Ford taught us that to simplifyrepparttar manufacture of automobiles, thatrepparttar 117026 best way to do so was to installrepparttar 117027 assembly line. That one change revolutionizedrepparttar 117028 auto manufacturing industry permittingrepparttar 117029 industry to build cars at a cost whereasrepparttar 117030 average person could afford to buy one.

The lesson we should take from this is that havingrepparttar 117031 ability to improverepparttar 117032 process of gettingrepparttar 117033 job quicker and cheaper, without compromisingrepparttar 117034 quality ofrepparttar 117035 job being done, will help catapultrepparttar 117036 person who simplifiedrepparttar 117037 process torepparttar 117038 top of his/her field.

Pennies saved in your home business can turn into dollars atrepparttar 117039 end ofrepparttar 117040 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 inrepparttar 117041 profit margin of a home business? Of course repparttar 117042 right answer is "it depends on how many transactions are done in a year, utilizingrepparttar 117043 savings ofrepparttar 117044 two fifths of one penny."

You only have to think back a couple of decades to really appreciate this question. Do you rememberrepparttar 117045 nut that lived and died in a Las Vegas hotel room? You knowrepparttar 117046 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 onrepparttar 117047 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 inrepparttar 117048 design of their food can to reduce repparttar 117049 amount of tin necessary to make a single can.

Asrepparttar 117050 story goes --- if my memory serves me correctly ---repparttar 117051 reduction in tin usage equaled a saving of two fifths of one penny per can. Howard --- beingrepparttar 117052 really smart businessman that he was --- decided that he would not be so greedy as to keep all ofrepparttar 117053 savings for himself. What Mr. Hughes did do was to keep half ofrepparttar 117054 savings for himself, and giverepparttar 117055 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 ofrepparttar 117056 total market share inrepparttar 117057 canning industry.

Starting a Homebased Business

Written by Valerie F. Mitchell

First of all before you can become an entrepreneur, you have to have a passion in having a business of your own and unless you are willing to take risk and lose money, then you cannot consider yourself to be one.

Getting into business takes lot of homework. You have to do a lot of reading, both magazines, books, ezines (online business newsletters) and business courses. The best magazines to start with are "Entrepreneur Magazine" and Income Opportunities" which can give you an idea onrepparttar type of business you would like to run. You can find these magazines on newsstands or bookstores such as Barnes and Noble. Checking outrepparttar 117025 business section in bookstores is also helpful. On-line providers have business sections which can be very helpful to repparttar 117026 beginner as well as those who are experienced.

Starting a homebased business hasrepparttar 117027 advantage of little overhead, since you do not have to worry about renting an office andrepparttar 117028 other expenses that goes with it. In any business you have to have a product or service that you believe in or your customer will not. If, you are looking for a get rich quick schemes or listen to those info-commercials that offer yourepparttar 117029 world with little or no work, then you are wasting your time and money. The only people who make money from those are those selling. Any business, no matter what it is, means "lots of hard work." Getting a business together is a constant learning process.

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