17 Jun, 2024
3 mins read

How to Enhance Your Business by High Turnover Strategy

How to Enhance Your Business by High Turnover Strategy

There is no doubting the fact that the reason why people are in business is to earn profit but some entrepreneurs, particularly, in the developing countries falsely take it for granted that the best way to maximize their efforts is to sell their products at very exorbitant prices.

Business development experts, contrary to this erroneous belief, are of the opinion that the surest way to enhance profit in any business concern is to, first of all ensure its growth in a gradual manner. This, can, no doubt, be achieved and sustained through a steady increase in turnover. They also admit that the rate at which a business entrepreneur replenishes his or her stock is the sure determinant factor for the scope of the business with especial focus on the profit margin.

Instead of running after higher profit margin with low turnover, it is quite advisable to sell the products at lower profit margins so as to increase the rate of turnover particularly for the fast moving consumer goods. A business man or woman who adopts the latter business strategy is in a better position to make progress in the effort than the former. In order to realize the expected growth rate, the issue of location has to be taken into consideration this is because a strategically placed business establishment can better attract more clients than those that are located in a more remote and inaccessible areas while the prices of goods are capable of either encouraging or discouraging buyers from buying a particular product.

It is equally a matter of fact that the increase in the rate at which a business man or woman fills the stock can entail an increase in the productive capacity of the establishment thereby attracting a competitive edge in his or her chosen industry. This will also help to realize surplus income from decrease in the cost of both labor and production.

Turnover is the rate at which stock of goods are frequently converted into cash for further purchases while an increase in sale can normally induce an increase in stock if the proceeds are ploughed back into the business. There is, however, link between an increase in the turnover and growth of a business endeavor while the higher the rate of turnover, the higher the growth rate. There is, of course, a strong connection between the rate of turnover of a business and its growth rate. If an entrepreneur sells more and ploughs back the returns back into the business, there is a better opportunity of increasing the profit margin that will lead to the growth of the business.

It is quite unfortunate that some business men and women normally allow their propensity for profit to lose sight of the gains that are accruable from this business strategy and this stagnates much of the efforts that can potentially contribute ideally to the economic base of the nation.

It will be wrong to assume that most …

1 min read

Labor Pains Review

Labor Pains Review

Labor Pains is a new movie starring Lindsay Lohan. In the movie, Thea (Lohan), is on the point of losing her secretary job so she pretends that she is pregnant in order to keep it.

Thea, knowing very little about pregnancy, enlists the help of a friend (Cheryl Hines) to help her pull off the stunt. Unfortunately, it is not as easy as it may seem to pretend that you are pregnant. A number of humorous situations occur and in the end she is forced to fake the actual birth. This, however, is not the end of it. Her boss then asks her to lead a division for Children in the company due to her experience with her child. The situation for Thea just gets more and more complicated and amusing.

Although this movie went straight to TV (it was scheduled for a theater release), it has been received very well among audiences. It was aired on ABC and drew over two million viewers. The movie flows well and some of the jokes are very funny. Unfortunately, I felt that the plot of the movie becomes a little too complicated and drawn out. I think that they could have done much more with Thea pretending to be pregnant.

The one thing that really pulls this movie along is the characterization. There are some really great characters in there and some talented new young stars. One of these is Bridgit Mendler, who plays a minor role in this movie but is an excellent example of both wonderful characterization and acting.

In conclusion, I would say that Labor Pains is worth watching. It won’t be the best movie you’ve ever watched but its good for a couple of hours of light entertainment.…

2 mins read

All Eyes on March Madness As NFL Labor Issues Carry On

All Eyes on March Madness As NFL Labor Issues Carry On

March Madness already causes an estimated $1.8 billion in lost productivity according to a Challenger, Gray and Christmas survey. That number could be up this year as NFL labor peace has put the NFL on the back burner for the first time since the NFL draft became popular. The NFL prides itself on being a year round sport with free agency, the draft, and mini-camps strategically scheduled to keep the sports fan’s interest all year.

The NCAA and CBS smartly jumped in early on streaming games to your computer for the tournament, as many of the games are played during working hours. It allows people to follow their favorite team during working hours, especially with the amount of people who now have two monitors at their desk.

If the NFL can’t find a way to get their season back on track before the NCAA finals, expect March Madness to dominate even more than usual. Every prospect will be scrutinized even more than usual with ESPN and sports writers able to focus on NCAA and NBA players, and all of the office water-cooler talk will revolve around March Madness.

It’s too bad some of the top players and prospects had their seasons cut short. Duke will be a popular Final Four pick, but their most hyped player, Kyrie Irving, is out for the year with a foot injury. Kentucky Center Enes Kanter was ruled permanently ineligible to player college basketball for receiving additional benefits in Turkey during high school. Kentucky would have been a title contender with another star studded freshman class with him. Without him, they’re a Sweet 16 team at best. For Purdue, Robbie Hummel injured his knee before the season started. Without Hummel, they finished second in the Big Ten behind national #1 ranked Ohio State. With Hummel, who knows how far they could have gone. Duke could be the favorite to repeat because they still had a lot of returning talent from the title team last year.

Even without those players in the tournament, it will be interesting to see who emerges as a star in the tournament, preseason hyped up players like Harrison Barnes, Josh Selby, and Brandon Knight or new stars like Jared Sullinger, Kemba Walker, and Nolan Smith.

There could also be some surprise Cinderella teams this year with some of the expected top teams not having their best roster on the court. St. John’s will be a fan favorite during the tournament, and Kansas State can easily continue their hot play into the tournament if the bracket lines up favorably for them.…