Sunday, January 2, 2011
Biz thought: January 2
Tuesday, September 7, 2010
Mistakes are Ok
1. What did I learn from this?
2. What did it cost me?
A.Money?
B. Personal Image?
C. Emotional Cost?
3. What can I do differently the next time?
4. And what do I want to do the next time opportunity knocks...and it is always knocking.
Remember if you do not make a mistake...you are doing nothing.
Watch for my upcoming 52 Dangerous Mistakes Entrepreneurs Make...A great way to learn from those who gone before you.
To get my Biz thoughts weekly follow this blog or e-mail me at joannempressofbiz@aol.com or selfimagebz@aol.com
This blog is the intellectural property of JoAnn R. Forrester (c) 2010
You may reproduce this blog in its entirety with the following information:
Price It Perfect (TM) is the property of SI Business Associates and Jo Ann R Forrester
Jo Ann R Forrester is a 30 plus year business consultant who has obtained over 40 million dollars in loans for small business owners using her Price It Perfect Cost Control Program.
Jo Ann is also the host of EmpressofBiz, TalkCast, ReInvent in Rugged Times
http://empressofbiz.blogspot.com
You can contact JoAnn at S. I. Busienss Associates at 412-440-6969
Monday, June 8, 2009
Mistakes are Ok
Did you know MISTAKES are GOOD for you? What do you say…”Oh No…you don’t know what you are talking about? MISTAKES cause problems, let people down and generally make a mess”. That’s true…but hear me out. Without mistakes, without trying something new, without doing the thing that you don’t know how to do…life becomes stagnant, boring and bad for your physical and mental health. Look at a baby, if she was afraid to make a mistake, nothing would happen. Babies are marvelous balls of energy, enthusiasm and curiosity. They are willing to try anything…sometimes to their parent’s consternation…but they don’t stop. And with the right guidance and protection they learn to grow, walk and talk. Owning a business is like raising a baby…there will be falling down mistakes…and like the baby you will pick yourself up and go at it again. Enjoy the day and appreciate the “mistakes” adventures in your life.JoAnn Forrester
1. Monday, June 8. Want to do change your routine and not sure what to do. Try a small experiment. How about answering the phone with your opposite hand? Doing a task differently often brings to our attention to our habits that you want to change.
2. Tuesday, June 9. Correct mistakes by asking yourself “What did I learn from this? What can I do differently the next time”?
3. Wednesday, June 10. Want to correct an employee who makes mistakes? How about asking them how they see correcting the mistake, and what could be done the next time to limit errors?
4. Thursday, June 11 Want to be inspired and learn something new? Listen to the Empress of Biz : Re-Inventing Yourself in Rugged Times on www.talkshoe.com at 8am. Id # 80050. The topic will be 10 Obstacles to Success. Can’t listen right then, the great thing about talkcast you can listen anytime. Want to join in, sponsor or have something you want to share, give JoAnn a call at 412.440.6969 and find out how. E-mail: empressofbiz@aol.com.5.
Friday, June 12. One way to PREVENT mistakes in your business is learn all the components of pricing your product or service. With rising costs, not only in transportation but in all related industries, it is crucial for you to know the true costs of business. Price adjustment CANNOT be based on guessing. Raise your prices too high you lose customers…TO LOW YOU LOSE YOUR BUSINESSESS.
Weekend Thought: A # 2 pencil, eraser and a dream can take you anywhere!
For an initial no-charge consultation and how we can coach you to success, please contact Jo Ann Forrester @ 412-440-6969. www.sibaworld.com E- mail: selfimagebz@aol.com
Ten Warning Signs Your Business is Failing
TEN WARNING SIGNS YOUR PRICING IS FAILING
1. You’re always borrowing money to STAY in business. If loans are used just to keep the business afloat--not to expand --then it is time to analyze your costs, and figure out why you are not making it.
2. Your employees are getting a paycheck, vacation and other paid benefits--and you are not! It is time to ask yourself why? Too many business owners forget to include their costs into their pricing structure and never get the benefits their employees do!
3. The corner loan shark loves you--or the interest you have to pay on your loans is high because you re considered a high loan risk. 4. You‘re supporting the IRS with the interest and penalties you pay on your taxes. Getting caught in a cycle of high interest and penalties with the IRS is one guaranteed way to drain your business of money.
5. Your bill collector sends you flowers when you are sick. When your accounts payable are running delinquent frequently this is a sign of incorrect pricing.
6. You never take a vacation--not because you just love your business so much you don’t want to leave it. But you can’t afford it!
7. Rapid turnover of good employees due to poor wages. Being unable to keep good employees due to poor or no profits is a sure sign of wrong pricing.
8. Cash flow and your check balance is a constant worry--you call up the bank daily and hold your breath hoping no checks have bounced.
9. Your bid is always the low bid. Being the lowest bidder all the time is an indication you do not have a realistic view of what it costs to be in business.
10. Pricing your product is like pulling a rabbit out of a hit--you have a magic formula which no knows--including yourself. Depending on magical figures to run your business is one sure way to meet the wicked witch of bankruptcy.
Jo Ann Forrester is a business growth specialists and president of S I Business Associates and partner in Celebrate & Share. She and her staff have been helping small business ACHIEVE SUCCESS SINCE 1975. Experiences as a consultant and business community leader have given her the first hand knowledge of the problems of small business. Jo Ann received recognition as one of Pennsylvania’s Best 50 Women in Business in 1999 and in May 2000 she was recognized as the 2000 SBA Women Business Advocate for Pennsylvania. She is co-author of two workbooks, 15 Steps to Success and the David Vs Goliath Marketing and co-developer of Price it Perfect cost management system. Jo Ann is a also a popular talkcast host, on www.talkshoe.com “The Empress of Biz.. Re-Inventing Yourself in Rugged Times”. She can be reached at 412-440.6969 or E-mail: Empress of Biz @aol.com
Friday, January 25, 2008
What is Price It Perfect?
Small Business Solutions, LLC
Presents
Price it Perfect!
- Price it Perfect is a cost analysis and cost management program for small business.
- Price it Perfect QUICKLY and ACCURATLEY analyzes business cost structure.
- Price it Perfect eliminates costly mistakes on estimating and bidding projects.
- Price it Perfect is customized for each client It has been installed in 30 locations.
Price it Perfect currently used as a cost analyzing and estimating tool by :
The Pittsburgh Alliance for Contractors
The National Association of Minority Contractors/Black Contractors Association
Recommended by The Urban Authority Redevelopment of Pittsburgh.
Recommended by First Commonwealth Bank
Cost Analysis of a business is also available. The analysis includes the following:
§ Breakeven point
§ Hourly, daily and weekly costs by project
§ Hourly daily, and weekly costs of employees
§ Administrative costs
§ Variable costs
§ Return on investment
§ Equipment costs per hour
§ Income and cash flow projections.
§ Cash flow analysis
Our clients are our best source of referrals:
Price it Perfect saved my business. “ I was ready to close my doors. I was constantly working and not making money. The use of Price it Perfect has made all the difference in the way I bid jobs, control costs and manage my employees. This was the best investment I ever made in my business. I easily recovered my investment in the program and S. I. Business Associates services within the year.
Alexandra Sabina, Alexandra Carpentry and Design 412-828-2344
“Our business depends on our ability to quickly and accurately projects. Before Price It Perfectly we could only bid four or five projects pr month. NOW WE CAN BID FOUR OR FIVE PROJECTS A WEEK. What a difference this had made in our bottom line.
Faye Ritter, President of Allegheny Group-412-828-3320.