Retailers Forum Magazine AUG 2014 | Page 80

FORUM WORKSHOP Forum Workshop Are you doing business on trade? Have you lections, keeping 8 track of and manag0 sold an enormous amount on credit and failed to collect? Have you expanded so fast, or hired ing cash flow and • so many people, that you are short of cash – credit – you will be tempted to hire A are unprofitable? U someone to do G What are you doing? Stop doing it! Cut back. those chores. You Y U Mend your ways and get back to business. The see them as chores, S and as such you T purpose of business, remember, is to make money. wonʼt assign the re2 sponsibility that goes along with the chores, just 0 DON’T DELEGATE 1 the chores. The “chore” is writing figures in a 4 MANAGEMENT CHORES ledger, or typing numbers from sales contracts into a computer then printing out aging charts. As your business grows and your bottom line The “responsibility” is the power and authority tells you that you have money available to hire to decide when and how to use the money that Y help, be careful which chores you delegate. If flows through your company. Youʼll still want to you are your companyʼs best salesperson and do that part, but youʼll begin to do it part-time, dislike management – hiring, firing, bidding, col- which is not often enough. continued.. UBid Join 6 Million Buyers & Sellers! Thousands of Items — YOU Set the Price! Computers Electonics Collectibles Fine Art Home & Garden Jewelry TV’s Watches FREE Registration F O R U M www.MegaUBid.com