Teen Business Central interviewed a business owner. basically what he said was key for getting customers to come again is… 

1. good products

2. cleanliness

3. good service

So focus on the things try to improve them as much as you can.  like if you don’t have good products ask customers their complaints and try to improve on them. If you need to work on cleanliness don’t open your business for customers until you area is clean make it your top priority.And if you need to work on good service have a good attitude, help customers as soon as you can, and try and smile.

You would have to never watch TV in order to not see the commercials about Mac Vs. PC  you know the ones where Mac talks about PC and how Mac is superior and now many restaurants like Pizza-Hut, Jack in the box, and Sonic are insulting the competition. I encourage you strongly not to do this when market your business. Focus on the good of your company and not the bad of others. If you do this then the consumer will figure out soon enough who is better.

Making desisions  can be tricky. One way to help you make decisions is a T chart to weigh the pro’s and con’s. Pro’s are advantages of a situation and con’s are the disadvantages of a given situation. For example – say you were looking at a certain way of advertising your new business in the newspaper, you could use the T chart method to help you list the positives and the negatives of this method of advertising. The ultimate goal is having in black and white all of the positives and negatives in a situation. If the pro’s outnumber the cons it could be a good descision. If the con’s outweight the pro’s it could blow up in your face

A pro is something that will benefit you, anything positive that is associated with a decision or a choice. A con is the opposite, the negatives, draw backs.

Divide a paper in half, on one half list all of the positives ex.

 lots of people see it

 make your business look more legitimate

 reach a new clients

 On the other half of the paper, list all of the negatives ex.

 lots of useless phone calls associated with your ad

costs money gives competitors an idea of where you stand

 You continue listing all of your ideas on the subject, you could even ask trusted people their opinion and list that too.

Be careful – because you could have one extremely good pro that will outweigh a few little cons. Somethings are just worth a risk.

The term “thats not fair” is thrown around alot these days, and the only thing more annoying then someone yelling ”thats not fair” are the stupid things people say after it.

  But do we really know what it means?  Basically,  thats not fair  is saying  that is more to your advantage then mine or we don’t approve. This is kind of random but, do you think that if the situation was turned around and you had the advantage , would still say thats not fair.

 I think that you should make a list of everything that is not fair and every time you do something on the list then you say ” I guess I’m not fair”. Who is the Judge to to determine what is fair and what is not fair.  Who said life isn’t fair, well… who said it wasn’t?

Prioritizing is something that separates the people who thrive and the people who survive.

The definition of the word prioritize is determining the relative importance of items or tasks.

So in other words ordering the tasks from most important to least important. You should do this in the beginning of each month or week. This allows you to see which task you should put the most time in.

First make a list of all of your tasks. Then separate them into four groups: High importance High urgency, High importance low urgency, Low importance High urgency, or low importance low urgency.

High importance High urgency:is something that is something that could hurt your business if you don’t do it and needs to be done soon. Like . . . 

Stopping anything that can give the immediate impression to somebody that your business is bad

Going to an appointment

Rescheduling with a customer

Stopping anything that customers don’t like.

High importance low urgency:is something that can hurt you business if not done but, doesn’t need to be done right now. Like ….

Paying expenses. (As long as there not due in at least a week)

Making sure customers like your service.

High urgency low importance:is something that doesn’t NEED to be done but if your going to do it it needs to be done soon. Like…

Signing up for an event that happens soon that may improve the awareness of your business.

Stocking supplies based on a sale.

Low importance low urgency:is something that doesn’t need to be done and doesn’t need to be done. You could question of doing this and decide not to do it. If you want to do this but don’t have time then you could assign it to somebody else.

Success is something that we all want Males have a hunter mentality so when we finish something we are like, Yes! This is why we want to succeed. I think that to obtain success, we first have to define it. A definition I like is achieving a predetermined goal. So before you can know weather of not your succeeding you have to set goals.

This is very important to business because without orginization something is going to wrong. First you need to buy calender, that you can write you can write in. (I prefer small ones but you can get any size you want.) Select three different colored pens. (The colors dont matter.) Then use one to write deadlines. then use one to write in churchs events and personal stuff (anything from going to the movies to important church stuff) thin write in business things. Then keep this calender with you

I believe that having a business is like making a snowman I came up with this simile while making my first snowman and the reason I think this is that when you start making snowman you start with a small clump of snow and build up. Just like a business you start with an idea and slowly build up .
So don’t be discouraged if your not making any money yet. Another thing is that when your collecting snow you start realizing more effeicent ways to pile up the snow, this also relates to business because you will start finding ways to make your business more efficient. Second you start then you start making the middle this means to me that you may start offering more that you doing for your customer like if you have a bracelet business that makes bracelets you may start making necklaces and this is also when you start getting noticed. Then is your final part the top this is where you know what to do and the best way to do it. You will be succeeding, but you wont know this until you set goals. So set goals that allow you to know what stage your in.

Here are some more basic terms for the stock market
Macro Environment this is how the stock market is doing as a whole.

Share holder are people who own stock. For example if you own McDonald stock then you would be a McDonald share holder

Bear/bull this tells us if the stock market is rising or falling. If it’s a bear market then stock prices are falling between 10-15 points but some consider it a bear market if it has the least bit fall then there is the Bull market this is when there is a rising in stock prices some say it has to be in least between 15-20 or higher but again some consider it to be Bull if there is the least bit change. The way you can remember this is that a bull butts up when it attacks while a bear hits down.

Dividend is how much of a percentage a corperation pays to it’s share holders of it’s income these are usually pretty small because they have to give a percentage to all share holders.