It’s My Business Info

A fallen angel is a product that was generating large amounts of revenue but has become less popular and less profitable. Read the rest of this entry »

Literally…don’t oppose what the market dictates. Read the rest of this entry »

Blue-Sky thinking is basically brainstorming with no limitations. Read the rest of this entry »

A Chinese Wall is the metaphorical term used for a barrier separating two or more groups (think the Great Wall of China which was built to protect the country from invaders).
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This four-letter acronym stands for Walk-In, Walk-Out.
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Well…unfortunately our patent still hasn’t come through – it’s certainly taking its time and hasn’t been the simple process that we first thought…that aside, we’ve had lots to keep us busy.
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I have often thought that independent retail is one of the hardest businesses to make a go of. Not only do you have substantial overheads; rent, rates etc, but considerable start-up costs; stock, shop fittings advertising & promotion, and all of this before you hear the first ring of your till! Read the rest of this entry »

Things have been going well since my last blog apart from one minor disaster (which I’ll get to later). Last year finished on a very positive note with the highlight most definitely being receiving the Press Young Business Entrepreneur of the Year 2007 and the awards ceremony that came with it.
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Cash Cow is the term used for a particular business, product or asset that, once acquired and paid off, continues to generate high profit margins and a continual cash flow for the remainder of its lifespan.
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The drop dead date is the absolute deadline by which a task must be completed.
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