Q: I have a great idea for an amazing new product. There is nothing like it on the market and no competition that I can find. I think it will be a huge success and so does everyone I tell the idea to. I'm willing to bet the farm on this one. What do you think my chances of success are? A: I'm a lousy poker player, mainly because I can't help grinning like the village idiot when blessed with a winning hand or frowning like a sad clown when dealt a dud. I also never make odds on the success of "amazing new products" because more often than not the only thing that's amazing is the way the product is totally ignored by the buying public. In my software business there have been times when we came up with what we thought was an amazing idea for an amazing piece of software - a piece of software so amazing, in fact, that we knew that all mankind would sit up and take notice, then line up to write us checks. After hundreds of hours and thousands of dollars spent developing the product we were amazed to find that the only people who thought the software was truly amazing was us. We made mankind yawn. Quite an amazing accomplishment, if I do say so myself.It worries me that you say there is nothing like your idea on the market. While you may think that is a good thing, it might actually mean that there is no market for your product. The same holds true for a lack of competition. A total lack of competition might mean that there is no demand for such a product. Rarely does a product come along that revolutionizes an industry. Rarer still does a product create a new industry on its own. So, how can you tell if your amazing new product really is worth gambling on? The truth is, you can never be 100% certain that your idea will sell. No matter how enamored you are of it or how much your friends rave about it, the success of a new idea depends on a number of factors, many of which are beyond your control.Such factors include: The viability of the idea: is this really a product that you could build a company around? Does the idea have the potential to generate revenue or customer loyalty? The people implementing the idea: the right team can make even a mediocre product a huge success (ever heard of Windows). Inversely, a bad team couldn't sell ice water in Hades. Pick your team carefully. The right people really do make all the difference. The demand for such a product in the marketplace: will this product fill a need or satisfy an itch? The competition: is the market already crowded with competitors? If so, what will it take to move your product ahead of the pack? The depth of your pockets: even an amazing product requires a ton of cash to go from drawing board to store shelf. The availability of other resources required to take the product from the drawing board to the consumer: do you have the time, the drive, the perseverance, the knowledge, the contacts, the support, and a hundred other things required to bring your amazing idea to fruition? The list wouldn't be complete without sheer luck and timing. And a thousand other things.Before you invest too much time and money into your idea, do a little research to determine if it's an idea that's really worth gambling on: Research the market for similar products. Again, if there are no similar products on the market that might mean there is no market for that product. If there truly is nothing exactly like your product, research similar products that fill a similar void in the consumer's life. Learn all you can about such products: pricing, market share, track record, etc. Research the competition. As mentioned earlier, if there is no competition there may not be a market for a product like yours. If there is competition, research the competition fully (little guys and big guys) to help determine if you can realistically compete for market share. Identify your target customer and ask them for an honest evaluation of the idea and its marketability. Avoid friends and family as they usually just tell you what you want to hear. If your target customer is a 35 year old female, pitch your idea to every 35 year old female you meet and gauge their response. Just don't break any stalking laws in the name of market research :o).The best advice I can give you when it comes to amazing new product ideas it's best to follow your head and not your heart. It's a lesson that took me years to learn. If I had a nickel for every amazing new product I've invested in I'd go play a few hands of poker.Here's to your success!
Conventional wisdom dictates that the early stages of a corporations growth cycle offer substantially more compelling risk-reward profiles than advanced stage investments. But that is exactly where the reality of that proposition ends. In actual fact, the Medium and Small Capital matrix has accumulated so many unsustainable business models over the previous decade that major brokerage houses have little or no problem in persuading hundreds of thousands of investors, both institutional and retail, to keep their money in companies with a proven past. The junior markets are plagued by a number of fundamental issues. At one end of the junior spectrum, e.g. the Pink Sheet marketplace, corporate disclosure is so limited that a stock purchase is akin to gambling in a casino. Moving to a slightly higher level, the OTC Bulletin Board system continues to struggle between demanding greater public information on one hand and increasing the sheer numbers of listed counters on the other. The OTC Bulletin Board does require companies to report accounts and material developments on an ongoing basis but as many investors have found out to their cost, regular filings do not necessarily translate into quality. All that said, there is no question that the senior markets do not, as a general rule, offer exponential returns. For instance, credible returns in excess of 1000% per annum are periodically recorded over the Pink Sheets and OTCBB trading system. The problem, therefore, lies in the selection process. How does one pick the winners?Again, conventional wisdom suggests that the process of picking winners (and dropping losers) should have become a relatively straightforward exercise with the advent of the Internet. After all, as many believed in the late 1990s, the web-based information explosion should have led to a higher degree of informed decision-making. That, however, has not been the case. On the contrary, as a New York-based hedge fund manager wrote in a client report last week, there are too many websites and too many emails throwing up all kinds of untested ideas, so we have decided to refrain from participating in anything outside the established stock exchanges. An executive of the London Stock Exchange was less charitable at a recent investor presentation. Junior companies are making all kinds of ridiculous claims on websites and in emails, and investors should wait until the regulators have a handle over all that, whenever that will be, she said, stressing the whenever portion of her statement.But that whenever might be too far away, as a survey indicates. And that is because the selection basics that separate the good from the bad are not in dispute. The first selection priority is the availability of comprehensive information. The second is the willingness of listed companies to generate audited financial statements with extensive notes, despite the fact that certain trading systems do not require such data. The third important issue relates to the nature of the press releases: notably, are the press releases saying anything of value in relation to a corporations business model? Finally, has an independent analyst (or researcher) provided any detailed assessment of the assumptions which drive the business model? As has become evident in recent years, many juniors are selling dreams; unfortunately, in more than a few cases, managements sincerely believe that they are involved in a stock play, not in the usually painful exercise of building shareholder and corporate value. And, also unfortunately, hundreds of fairly decent business strategies are seriously constrained by recourse to adequate financing. To conclude, while there is no doubt that investors must access the internet if they are indeed looking for above-average returns, the methodology involved in a web-based analysis needs to be clearly understood.
Call center management software is becoming increasingly popular, even with businesses that have only a few workers. More often called contact centers, call center management software has the ability to control and handle the many different needs of businesses today. Many features include instant routing of important customers to the best agents, reduce holding times for customers, and offer more efficient scheduling of employees and detailed reporting. Your "call center" management system will help your customers and corporations talk to each other by managing their interactions. It is said that by using the right call management center software will have an immediate positive impact on your business and customer satisfaction. By not making your customers wait, being able to connect them immediately with the right service people, will improve customer perception. Now days, with technology making things faster and faster, customers' expectations are high and they expect your business to be on its toes and have the information they wantyesterday! The best thing you can do is upgrade your system with good call center software, and keep your customers happy. Happy customers spend more money.Your investment can reduce your costs, depending on which call center system software you buy. The sooner your business is able to handle more calls, the sooner you can start making more money. Efficiency is key and a call center system can provide a wide selection of reports that give you detailed information, from live statistics on hold times and drop-off rates to yearly overviews of the entire operation. This will help you find out which employee is successful and which ones may need a bit more training. It is suggested before you call a dealer or go online looking for the best call center management software to fit your needs. How many requests do you handle per month? Where do your requests originate from? (phone, fax, email, web, online chat?) How many to What are your primary calls? (Inbound or outbound? sales or service? internal or external?) How many agents handle these calls? In how many locations? What metrics do you currently use to measure performance? What phone system are you currently using? What systems will the call center need to connect with? (Existing phones, databases, CRM, etc.) What's your budget for this purchase? What IT resources are available to help integrate and maintain the system? How will you measure the success of the new system?Hopefully some of these tools will help you decide whether you need or want to get into call center management software. These are just some of the idea's out there that can help you decide. Always check out your different options that are out there for you to decide.
Though earning a high income certainly makes life easier, it's not necessarily the only solution to attracting wealth and gaining financial freedom. The "super rich" have another great back door secret that often goes unnoticed. It's the secret of spending less than you earn to build wealth. Not only those who are already rich, but some middle-to-lower class workers are well on their way to creating wealth by using this simple method. They realize the value of a dollar and how just a little creativity - and discernment - can keep them one step ahead of the financial game.What Does it Mean to "Spend Less than You Earn?"It means just what the statement implies - don't spend it if you don't have it, spend less instead. If you earn $3,000 monthly, spend only $2,800 if possible, and put the remaining $200 into a retirement or college savings plan or some sort of wise investment that will yield a return later. Live within your means. In other words, don't buy an expensive car and/or home that you can't afford. Choose products that you can buy with straight cash when possible, or products that you can finance without putting a financial strain on your budget. Opt for a lower payment and low interest loans if you must go in debt.Work towards Paying Off DebtThe first step to "creating wealth" is to get out of debt. Smart spending is the only way you can do this. Create a detailed budget and outline all of your monthly spending - even the extra stuff such as soft drinks from a local store. Write down every penny spent, so you'll know where the money is going. Then, notice the unnecessary spending that you can eliminate. There are likely things you can do without as you pay off debts. Write these things down and transfer that money to pay toward the debts. Pay off high-interest loans or credit cards first. And most importantly, don't create new debts.Creating Wealth through Smarter ShoppingWhen shopping, look for better deals, use coupons, and shop at thrift stores instead of buying things new. Smart spending frees up extra money for creating wealth through savings and investments. Be mindful of spending when dining out at restaurants, visiting stores, paying for fuel, and when buying supplies or household goods. Eliminate or reduce unnecessary monthly payments such as expensive cell phone contracts, cable or satellite television, furniture rentals, certain types of insurance, and so forth. With some needful expenses such as car or health insurance, you might be able to find a more affordable provider.Attracting wealth is easy once you realize the tremendous value of unspent dollars. They add up quickly, and you don't have to work harder to earn them! You'll gain control of your finances and reduce stress for yourself and your family. And in the future, you'll enjoy "financial freedom" by creating wealth for the long term!
La mayora de la gente te dir que la nica manera de salir de un casino siendo Millonario es entrar siendo un Millonario, pero la realidad es que no es completamente verdad. Solo es la forma ms fcil de hacerlo.Si eres el tipo de persona que no teme a los riesgos para ganar grandes sumas, entonces puede que esto te sea til.Las maquinas de video Pquer pueden ser encontradas en cada casino, en los clsicos casinos o en lnea. Estas maquinas ofrecen las mejores posibilidades de hacerte un millonario si sabes como jugar.Todo lo que necesitas es una tarjeta de crdito con por lo menos $20,000 y los cojones de arriesgarlo, en lo que puede ser menos de 20 minutos. Recomiendo guardar hasta $20,000 dlares antes de que lo intentes y no solo gastar el dinero de tu tarjeta.El juego que elijas es muy importante. Hay muchos tipos de juegos diferentes de poquer ofrecidos en forma de video. En algunos juegas en un computador y el jugador con la mejor mano ganara, en otros no hay otros jugadores, la mejor mano que obtengas la maquina pagara mas. Un par paga 1:1; dos pares pagan 2:1 y sucesivamente. El segundo tipo de video pquer es el que mas te conviene.Recuerda que esto no es no es una garanta de que ganaras, y si no ganas dinero puede que quedes con menos $20,000 dlares. Pero la realidad es que puede hacerte ganar mucho efectivo, de una forma bastante sencilla.Usualmente conviene comenzar con por lo menos 20,000 dlares, y haciendo apuestas de $1,000 cada tanto, y as comenzar a ganar el gran monto real.Te recomiendo no aumentar tus apuestas a mas de $1,000 hasta que no hayas hecho por lo menos $100,000.He descubierto este mtodo hace dos aos; He gastado mis fines de semana en el casino jugando al poquer blackjack, Ruleta, sin ganar nada de dinero, pero durante la semana jugaba video pquer desde mi casa, y ganaba montos que nunca lo haba hecho antes.Un da decid intentarlo y en vez de gastar mi dinero en juegos de mesa fui directamente al video pquer, y para el final del fin de semana haba ganado casi $60,000 dlares.Ahora cada dos o tres meses voy al casino, con una cuenta de $20,000 y gano montos que nunca haba pensado ganar nunca antes.Recuerda que no hay garantas que esto te resulte un 100 por ciento, ya que ha habido momentos en donde puedes perder tus $20,000 antes de ganar tu primera buena mano, pero tambin puede que recibas una increble mano y ganes de una $25,000 en la primera mano. Aprende ms sobre eso en Juegos de casinos 6.Sin duda las apuestas de casino son un tipo de actividad la cual puedes decepcionarte mucho o sorprenderte por haber recibido grandes ganancias. Si sientes que tu situacin econmica no pasa por sus mejores momentos, debes esperar hasta sentirte mas seguro para no tener grandes decepciones. Al mismo tiempo si buscas ganar dinero rpido, puede que sea tu oportunidad.