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Will You Add? - Investment Recovery and Surplus Asset Sales - the Overlooked Opportunity
In the post-quota era, India and China are emerging as the major hubs for global apparel sourcing, mainly to U.S.A. and the European Union.There are several factors which led to this development. The vast size of the Indian textile industry and its competitiveness make it one of the world’s leading apparel exporters. India has vast sources of raw materials. Labor costs are low in India. Indian traders have a wealth of entrepreneurship, designs and experience, which enable them to produce and apparel of high quality. Changes in the policies of the Indian government have opened up the Indian economy to the outside world, which has led to a rise in exports. Indian textile firms are quick in making changes such as expanding their capacity and adopting new technology, keeping in view the growing demand for
The Missed Opportunity
Think of all the te
In just five minutes you are going to learn how to easily write headlines from scratch with the ease.But first you need a little background.You see, when people look at website conversion statistics they often look at a website's statistics from an analytical perspective.In other words they look at facts, figures and equations instead of looking at increasing website conversions from a holistic standpoint.Allow me to elaborate because knowing this will change your sales conversion results at breakneck speed.One of the most overlooked elements in increasing website sales is "website copy."In particular headlines, or rather writing effective headlines that capture the interest of your website visitor and compel them to stay at your website and learn more.The rea
Every business eventually has items they no longer need. For some businesses this may be machine tools, processing lines, and even complete plants, while for others it’s overstocked inventory, end of life products, computers or vehicles. Most everything that flows through the billion dollar purchasing channels and supply chains of the world will some day be discarded or sold. In some situations these items may be relatively new and still in original packaging or recently installed, while in other cases the asset may be 50 years old and held together by duct tape. Managing items when they arrive at the end of their initial planned use is something that I, and others, call the Disposition Chain Management. This function is also referred to as “Investment Recovery” or “Surplus Asset Management”. By whatever name you call it, this is one of the single largest overlooked areas for most businesses.
The Missed Opportunity
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As a seeker of solitude in my busy entrepreneurial workday, I use yoga, Pilates, a good old-fashioned run in the park, and anything else I can think of to calm my nerves and keep my head clear and focused. I have worked hard to keep my body fit and my business running smoothly. I have also found that the same principles used in the meditation practiced during yoga can be used to strengthen my business.While meditating during a yoga class several years ago, the instructor told us to feel that every movement is a new beginning. This made me think of my own business, which was just a fledgling startup at the time. In my day to day struggle as an entrepreneur, every project and each new contact could potentially take my business in a new direction. After making this connection, I knew that meditation
The Missed Opportunity
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What is hands free technology? Hands free technology is known as Bluetooth technology a new development in the field of wireless devices. Bluetooth technology is meant for the use of short-range communication that is virtually wireless or cable free. Bluetooth technology is used in a number of different portable devices including cell phones and computers. Bluetooth products are currently being offered to consumers for a low price. One of the many advantages of Bluetooth products is the versatility and low power options they provide users with. One of the greatest developments in Bluetooth technology is a hands free car kit. This allows drivers to safely talk on the phone while focusing on the road. This solves the safety issues that were raised a year ago concerning the use of a cell phone while driving. Bl
The Missed Opportunity
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This is a scary statistic. Imagine how much more successful your event would be if you could get just half of those "undecided" folks to register. Imagine how much more energy there would be in the room, not to mention how much extra cash would be in your company's bank account.It's NOT an insignificant number.This is why automatic follow-up with registrants who "bail out" before they're done securing their seat is very important.Online registration makes life far easier on both event planners and registrants, but the right system can also increase attendance and decrease cost for your company.If you don't have an automated way of tracking folks who abandon registration forms half way through and following up with them, you're leaving a lot of money on the table. No, it's w
The Missed Opportunity
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Travel a lot on business?Wish you could breeze into a town with a briefcase and laptop and have an office ready for you? That’s not as farfetched as it sounds. Not if you know about executive suites and how they operate.Executive suites is a term used to describe rental offices in cities all over the U.S. and abroad. They are also referred to as ‘shared office space’. However, neither the term ‘executive suites’ or ‘shared office space’ really describes what this unique form of office space is all about.To begin with, executive suites are not the domain of CEO’s or top corporate executives. Nor is the term ‘shared office space’ intended to suggest that you will actually be sharing office space with another business.The first thing you do is contact an executive suites provi
The Missed Opportunity
Think of all the technology, resources and effort applied to purchasing management. The purchase of a $20,000 asset will likely involve certified purchasing managers, an RFQ, pre-approved vendors, multiple bidders, advanced purchasing systems and a well structured process to approve the purchase. If the $20,000 budgeted asset is purchased for $19,000 through these efforts the $1,000 savings is important and measured cost avoidance. Now consider the sale of a used piece of equipment with a market value of $20,000. In many company’s this task will be delegated to someone with little experience in asset sales. In addition, there are few controls on vendors, no standard bidding process, and there may be no formal approval processes for the transaction.
So, whether the asset sells for $4,000 or $30,000 or is scrapped there is no tracking
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