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Home Business Ideas and Opportunities

Your Home Business: Turning Pennies into Dollars

Your Home Business: Turning Pennies into Dollars
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-5357

 

Henry Ford taught us that to simplify the manufacturing of
automobiles, that the best way to do so was to install the
assembly line. That one change revolutionized the auto
manufacturing industry permitting the industry to build cars
at
a cost whereas the average person could afford to buy one.

The lesson we should take from this is that having the
ability
to improve the process of getting the job quicker and
cheaper,
without compromising the quality of the job being done,
will
help catapult the person who simplified the process to the
top
of his/her field.

Pennies saved in your home business can turn into dollars at
the
end of the 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 in the profit margin of a home business? Of
course
the right answer is “it depends on how many transactions
are
done in a year, utilizing the savings of the two fifths of
one
penny.”

You only have to think back a couple of decades to really
appreciate this question. Do you remember the nut that lived
and
died in a Las Vegas hotel room? You know the 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
on the 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 in the design of their food can to
reduce
the amount of tin necessary to make a single can.

As the story goes — if my memory serves me correctly —
the
reduction in tin usage equaled a saving of two fifths of
one
penny per can. Howard — being the really smart
businessman
that he was — decided that he would not be so greedy as
to
keep all of the savings for himself. What Mr. Hughes did do
was
to keep half of the savings for himself, and give the other
half
to his customers. The incredible thing about Mr. Hughes
decision
is that by saving his customers an extra one fifth of one
cent
per can, he managed to take more market share away from his
competition — netting his company an additional and
substantial portion of the total market share in the
canning
industry.

Let us return our thoughts to your home business. Have you
ever
gotten the feeling of excitement — when you read something
or
thought of something — that you could not wait to
implement
this new idea? This could be one of those moments…

In every home business, there are certain processes that we
do
over and again. Sometimes it may be possible to trim the
time or
expense of a process which in turn will add pennies or
dollars
to your bottom line. If it is a process that you do hundreds
or
thousands of times per month, then your savings will
multiply
into hundreds or thousands of dollars in monthly savings.

Imagine what running a home business was like BEFORE the
computer…

Before the personal computer, we had to hand type all
letters
and invoices. Now, we can setup a letter or invoice that we
send
out quite often, and we can save it in our word processor
so
that when we need to use it again, we can print it quickly
and
efficiently. There is no longer a need to type the document
again from scratch.

The computer has simplified our business communications and
has
provided us the opportunity to reduce our costs of doing
business.

Think about all of the other processes that the computer
has
enabled us to do for far less expense than what we could in
the
past.

In this case, the computer is a tool that permits us to
save
time and money.

So, my challenge to you is to begin examining the processes
in
your own home business and look for ways in which you can
save
yourself time and money. It is far better for you to
contemplate
on this matter than it is for me to do so for you. Simply
put,
you know your business better than anyone on the planet
does.
Therefore, you are in a better position than anyone to find
those extra dollars that will decrease your costs and
increase
your profits.

The extra pennies and dollars you could extract from your
business could spell the difference between success and
failure
for your home business enterprise.

 

Resource Box:
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Stone Evans, The Home Biz Guy can help you launch your very own 
money making website today that’s 100% ready to take orders and 
pull in massive profits for you right now … guaranteed! Visit: 
http://www.PlugInProfitSite.com/main-5357

————————————————————

 

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