Illegal Immigration Essay - 705 Words

Illegal Immigration Immigration, legal or otherwise, is a huge issue right now. Debates rage about how many immigrants should be allowed into the country and how zealously we should guard out border from illegal intruders. To a point, these people are correct, illegal immigration is something that should be stopped. People should not cross the border illegally or overstay on visits. The important question is, however, does illegal immigration deserve the massive amount of attention it receives? No, it does not. By looking at the respected immigrants of the past and thinking about the issues in a clear and objective way, it becomes apparent that illegal immigration (and legal immigration, for that matter) is not as vital an issue†¦show more content†¦In nations like Mexico and Vietnam, the same thing is happening today, they are undergoing the same convulsive demographic and economic disruptions that made migrants out of so many nineteenth century Europeans (Kennedy p.64). Those who are against the immigration of the 1990s also say that the European immigrants of the past were culturally similar to Americans, and that they were more willing to assimilate and become American. Neither of these things are true. Old immigrant groups like the Italians and may be seen as generically white and American now, but when they first began moving to the United States, they were as alien as the immigrants are today are. They were seen as culturally (and even physically) inferior to native Americans. Old immigrant groups had significant cultural differences that caused friction between them and the natives. Those immigrants of the past also did not come to America and instantly throw off all semblances of their and language and society. On the contrary, according to David Kennedy, many...exerted themselves to sustain their religions, tongues and ways of life (Kennedy p. 64). Current opponents of mass immigration also point to the large numbers of crimes committed by immigrants. They are forgetting that the immigrants of past had similar problems. When illegal immigration is not confused with legal immigration, debate can take place in a sane matter. As George BorjasShow MoreRelatedIllegal Immigration 1280 Words   |  6 PagesIllegal immigration has been a source of mounting concern in the United States since the 1970’s. Statistics indicate that the past ten years have witnessed an increase in the number of illegal immigrants with the number estimated to increase in the future. â€Å"The percentage of illegal immigrant population from Mexico was 59% (or 6.8 million) as of January 2013. Other countries with large amounts are El Salvador (660,000) Guatemala (52000), Hondorous (380,000) and China (280,000)† (Infoplease 1). TheRead MoreIllegal immigration2120 Words   |  9 PagesAlien Invasion Illegal immigration is widespread throughout the United States. There are 12 million or more illegal aliens in the United States, this number continues to rise (Swartz). This influx of illegal immigrants causes jobless Americans to lose out on opportunities. Employers choose to pay illegal immigrants lower wages than American workers. Is it right to pay illegal immigrants less than Americans to do the same job? Should the illegal immigrants be deported? Should border control be increasedRead MoreIllegal Immigration1753 Words   |  8 PagesIllegal Immigration The Economy of Illegal Immigration The Economy of Illegal Immigration Americans on a daily basis are bombarded with broadcasts from newspapers, television, and special interest groups on the economic burdens created by illegal immigrants. Reports and statistics of growing state and local deficits; is it fact or fiction? In reality, undocumented Mexicans are necessary to the health of our economy. They provide a workforce in agriculture they keep the costs down; theyRead MoreIllegal Immigration598 Words   |  3 Pagesl ARTICLE ON ILLEGAL IMMIGRATION Migration has always represented an important factor in society’s development. Ever since ancient times, people have been travelling around the world, some staying only for a while, some choosing to set (A SE STABILI) in certain areas, getting married and starting a family with a local partner. Consequently, cultures and languages mixed and this is how powerful nations like England, The USA, Germany were born. This phenomenon of migration also takes place nowadaysRead MoreIllegal Immigration1709 Words   |  7 PagesIllegal Immigration: The Undocumented Issue In this paper I will discuss one of the biggest issues in the United States: Illegal immigrants. Some may say that illegal immigration has a positive impact on the United States’ economy, and some think that these undocumented immigrants affect jobs and wages of people that are living in this country. I think that illegal immigrants harm the United States’ economy through their use of our country’s social services such as health care, education andRead MoreIllegal Immigration : Illegal Immigrants949 Words   |  4 PagesIllegal immigrants have been a hot topic lately due to the popularity of this topic amongst the Republican Presidential Nominees, especially Donald Trump. These illegal immigrants bring various things to this country when they come. Some things are positive, such as a family simply seeking to find a better life, while some things are harmful to the United States, such as the amount of crime among illegal immigrants. In July 2015, the most recen t estimate of illegal immigrants was 11.2 million. ThisRead MoreIllegal Immigrants And Illegal Immigration1286 Words   |  6 Pages Undocumented Immigration An analysis of illegal immigration in the United States reveals one challenge facing the banks and other institutions: whether to provide banking and other services to the illegal immigrants or to treat them as criminals because they are illegal and therefore, not to provide them with banking and other services. The articles, â€Å"Crossing the Line† by Stein and â€Å"Illegal Immigrants – They’re Money,† by Rodriguez discuss the impact of illegal immigration in the United StatesRead MoreIllegal Immigration And Illegal Immigrants1335 Words   |  6 PagesIllegal immigration has been one of the main topics during the last three presidential election. Many bills and laws have been passed in order to keep them out but is it really necessary to neglect illegal immigrant? Most Americans believe that illegal immigrants are only people of Mexicans or Latin American descent but illegal immigrants can be from any race or country. Illegal immigration is defined by United States Department of Homeland Security as â€Å"†¦ all foreign-born non-citizens who are notRead MoreIllegal Immigrants And Illegal Immigration964 Words   |  4 PagesA. Attention Step (quotation, question, or story) About four months ago in government class, we had a class discussion. The topic was illegal immigration. One student said that America should send the illegal immigrants back to their country because they are taking American’s jobs. He stated that he would send his dad back to Mexico because he is an illegal immigrant. Going around the circle that we created, everyone gave their opinions, most disagreed, but some agreed with the student. When itRead MoreIllegal Immigrants : Illegal Immigration1155 Words   |  5 PagesIntroduction Illegal Immigration is a huge topic especially in 2017, bringing in different aspects about illegal immigrants. Illegal immigrants are told to be killers, drug dealers, job stealers and whom also hurt the U.S. economy. Is this true? Could it possibly be that they do all of this to hurt the United States? Or could it be that they truly come here for the American Dream? On one side of people’s perspectives illegal immigrants come here to help provide for their family and don’t take

River island in Ipswich in the UK Example

Essays on River island in Ipswich in the UK Essay River Island in Ipswich in the UK River Island in Ipswich in the UK For each available year, CALCULATE the Company’s: Gross profit margin = Gross profit /revenue =180,362,050/670538155 2006 = 0.27 2007 = 155,053,275/652,257,262 = 0.23 2008 = 165,588,865/677,359,466 = 0.24 2009 = 168785159/735570248 = 0.23 2010 =156152209/720328095 = 0.21 2011 =131.1/720.7 (Million) = 0.018 2012 = 139.3/739.7 = 0.18 Operating profit margin = Operating Income/Net sales 2006 =153645793/108534827 = 1.42 2007 = 131765867/95096280 = 1.38 2008 =132012406/110057792 = 1.19 2009 = 130341526/119735976 = 1.08 2010 = 113885312/110793773 = 1.02 2011 = 84.7/74.5 = 1.13 2012 =95.6/78.8 = 1.21 Net profit margin = Net profit/ Revenue 2006 =108534827/670538155 = 0.16 2007 =95096280/652257262 = 0.14 2008 =110057792/677359466 = 1.16 2009 =119735976/735570248 = 0.16 2010 = 94544873/720328095 = 0.01 2011 = 74.5/720.7 = 0.1 2012 = 78.8/739.7 = 0.1 Cash conversion cycle measures the amount time it takes for the company to transform its resource inputs into cash flow. It is an attempt to measure the length of time each net income is tied up in the production and sales before it can be converted to cash through sales. 2006 CCC = DIO +DSO – DPO DIO= (490176105-433075251)/2 =37582854/1342948.2 = 28 days DSO = average AR/Revenue per day = 3408312/1837090.8 =1.8 days DPO = Avarage AP/Revenue per day =0.2 days CCC =(DIO +DSO)-DPO =(28 +1.8) -0.2 2006 = 29.6 days 2007 = DIO = 23208606.5/1362202 = 17 days DSO = average AR/Revenue per day =1948968.5/1787006 = 1 day DPO = Avarage AP/Revenue per day = 385132.5/1787006 = 0.2 days 2007 CCC =(17 +1) -0.2 = -17.8 days 2008 CCC = DIO = 12551102/1402111 = 8.9 days DSO = average AR/Revenue per day = -393917/1855779.3 = -0.2 days DPO = Avarage AP/Revenue per day = -553841/1855779.3 = -0.3 days 2008 CCC =(8.9 +-0.2) –0.3 = 9 days DIO = 735570248/1552761.9 =473.7 days DSO = average AR/Revenue per day =2645844/ (735570248/365) =2645844/2015260.9 = 1.31 days DPO = Avarage AP/Revenue per day =1692193/2015260.9 = 0.8 days 2009 CCC = (473.7 +1.31) -0.8 = 474.9 Days 2010 CCC = DIO = -15242153/1545687.3 = -9.8 days DSO = average AR/Revenue per day =673272.5/1973501.6 =0.34 days DPO = Avarage AP/Revenue per day = 2330366/1973501.6 =1.2 days 2010 CCC = (-9.8+0.3) – 1.3 = - 10.8 days 2011 CCC DIO = 200000/1615342.5 = 0.1 Days DSO = 750000/1974520.5 = 0.3 days DPO =7500000/1974520.5 = 3.8 days 2011 CCC = (0.1+0.3) – 3.8 = -3.4 days 2. DESCRIBE and EXPLAIN the Company’s financial performance over this period. According to the consolidated Profit and Loss account at the end of 2006, the turnover was 670,538,155 which was an increase of  £75,165,708 from the 2005 turnover. The general performance of the company was better compared to the previous year as reflected by the gross profit and the operating profit. Gross profit grew by  £18,064,854 while net profit for the 2006 financial year was  £6,228,997 from the previous financial year. The company’s financial performance in 2007 was negative despite a higher turnover of  £652257262 which was a significant increase of  £46,417,213 from the previous year. The Cost of good sold went up by  £ 56,218,923. Affected the net operating profit which dipped by  £1,710,525. Despite the rise in the cost of goods sold, the performance for the 2008 fiscal year rose. The turnover was 677,359,466. This was  £25,102,204 higher compared to the previous financial year. The cost of goods rose by  £14,566,614 but this did not affect the profits as the company recorded a net operating profit of  £110057792. From the loss received the previous year, the profit for the 2008 saw an increase of  £14961512. There was a momentous rise of  £58,210,782 in the company’s turnover in the 2009 financial period (RIVER ISLAND, 2009 p7). Nevertheless, the rise in the cost of goods sold and the distribution and administration expenses led to a dip in the profits. For instance, the administration expenses rose from 33,576,459 to 38,443,633 (a difference of 4,867,174) Furthermore, the interest receivable was noticeably low compared to the previous year while interest payable rose exponentially from  £731, 1003 to 2,423,196. Therefore, the company paid  £1,622,193 more on interest and other charges. Still, the company managed a raise in its profits after taxation from 110,057,792 the previous year to  £119,735,976 in 2009. The turnover for the 2010 (RIVER ISLAND, 2010 p9) fiscal year was  £720,328,095. This was a significant depression of  £15,242,153. The implication was that the overall profit after taxation would reduce. Despite the reduction in the cost of goods sold. Distribution and administration expenses increased from  £38,443,633 the previous year to 42,266,897 (a difference of  £3,823,264) this affected the operating profit which plunged to  £113,885,312 from  £130,564,174 the previous financial year. The profit after taxation was reduced further by the higher taxation and increased charges on interest payables. As a result, the profit after taxation was  £ 94,544,873 this was a loss of  £25,191,103. The 2011 financial year saw a slight increase on the overall turnover of the company. However, the cost of production rose. Similarly, distribution and administration expenses and interest payable grew considerably. These affected the profits negatively resulting to a loss of  £20.1 million. In the 2012 financial year, the turnover rose to  £739.7 from  £720.1 (million). However, the cost of sales continued to rise to  £600.4 from  £589.6 million (RIVER ISLAND, 2012 p8). Though the distribution and administration expenses reduced, improving the operating profit, interest payable and other charges increased from  £8.6 million in 2011 to  £8.8 million in 2012. As a result, the company performed better in 2012 compared to 2011. The overall performance of the company across the six years show a downward trend with higher gross profit margin of 0.27 in 2006 to .018 in 2012. The cost of production, administration and distribution expenses and the interest payables grew exponentially across the six financial periods while the turnover reduced. This could be blamed to the external factors such as the economic crisis that begin in the late 2007 and peeked in 2008/2009. For instance sales in the clothing and textile sector of the economy fell due to the credit crunch due to the collapse in the consumer confidence, loss of employment. There was a 2.1% reduction in garment sales in the year 2008. Manufacturers and exporters also suffered. The volume of exports in the US fell both in value (10%) and volume (5%) and continued throughout the fiscal years. 3. In the 52 weeks to 29 December 2012, River Island Clothing Co Ltd paid over  £70 million in rent on its shops. a) CALCULATE the Business Rates payable for 2013-14 on the River Island shop that has been allocated to you. River Island Clothing Co. Ltd. i. 15a, TOWER RAMPARTS CENTRE, TAVERN STREET, IPSWICH, IP1 3BB (RIVER ISLAND WEBSITE, page1) a) The business rate = multiplier Ãâ€" ratable value = 29,250Ãâ€" n = 29,250n (this is because there is no value from the website indicating the multiplier). b) SUBMIT a copy of the relevant page from the Valuation Office Agency website with details of your shop’s rateable value. Source: Valuation Office Agency (http://www.2010.voa.gov.uk/rli/en/basic/find/valuation/2010/10720484000/8795776000/H) c) STATE one interesting fact about the town, city or suburb in which your shop is located. Ipswich is the oldest permanently inhabited town in the country with evidence of settlement dating far as 625 AD. It was the first town to be built by the Anglo-Saxons when they conquered Britain and was originally called Gypeswic. It was known for its large scale potteries that begun with the Fresian potters. These helped establish the town as a trading town References RIVER ISLAND. Annual Reports. Retrieved April 19, 2014, from http://www.riverisland.com/ RIVER ISLAND. Store Locater. Retrieved April 19, 2014, from http://www.riverisland.com/how-can-we-help/store-locator/Search?Query=IpswichWomen=falseMen=falseKids=falseChelseaGirl=falseSuperstore=falseHollowayRoad=falseAccessBoutique=false VALUATION OFFICE AGENCY. My valuation. Retrieved April 19, 2014, from http://www.2010.voa.gov.uk/rli/en/basic/find/valuation/2010/10720484000/8795776000/H

Fiction coursework final draft Mollie Coucill Free Essays

The moon shone hauntingly over the harsh pine trees protruding from the stiff ground like a stake from the heart of a vampire. New layers of snow fell on the cold, hard ground of the forest, covering prints that had been created there earlier that day. In the centre of Newgrove Forest a river ran fiercely and deeply, splitting the fearsome forest in half. We will write a custom essay sample on Fiction coursework final draft Mollie Coucill or any similar topic only for you Order Now Beyond the eastern section of the river stood a great manor-house, some what out of place in the eighteenth century Albanian woodland surrounding it. The house was humongous and daunting, a charcoal-burned monstrosity towering over its extensive graveyard, with hundreds of memorials and tombstones protruding from the ground at various angles. Of all the various windows lining the stone walls of the house, only one was lit; and through it was a collection of the most curious and fearsome creatures that human eyes had ever witnessed. There were twelve gathered in that room – eleven of them daemons clothed in nothing but their thick skin and lusting for flesh. Every one of the monstrous beasts was different from the next, with various differing characteristics; some bore horns and piercing crimson skin, others with a mucus colouring, and several limbs more than was normal. These eleven were gathered around a twelfth, who was clothed in hooded grey robes. Seemingly human, the twelfth member of this estranged committee appeared to be preaching to the impatient creatures around him. â€Å"Daemons of the vortex, too long have you been imprisoned within these walls! Too long have you been prevented from wreaking havoc in this world of man! And too long you have had to wait in dear anticipation for your next kill.† The man spoke in a harsh rasping voice that echoed throughout the room. â€Å"There is one who can help you; one whose death would bring forth the dawn of the new age- the age of the daemon.† The surrounding daemons began to holler and scream in excitement: they knew that this man was talking of freeing them from the house forever. â€Å"Who is this man?† asked a repulsive purple daemon, who seemed to be the leader of the daemons present. â€Å"Why, the only offspring of the long-dead monarchy of Albania,† commented the hooded figure, smugly. â€Å"Impossible!† muttered the head-daemon. â€Å"We wiped out those scum long before we were imprisoned here! You had better not lie to me, Broc!† â€Å"Well you missed one – didn’t you?† replied the man called Broc, now starting to become impatient. â€Å"All I know is that there is a boy, close to seventeen years of age, who has been branded. I saw him with my very eyes.† â€Å"Why haven’t I been informed of this?† screamed the head-daemon. â€Å"The Remok- they tracked down my enemies sixteen years ago! How could they have missed a child? I will see the end of this. Bring them forth! They will bring the boy.† â€Å"No! I mean†¦ I will see to it that the boy is brought here as soon as possible.† Broc, for the first time, showed a hint of fear; the Remok were not to be messed with. â€Å"Very well – I expect him by full moon. Three days Broc.† Replied the daemon. This marked the end of the conference, and he and his minions left, allowing Broc to show himself out. Meanwhile, beyond the western side of the river, perhaps twenty miles away from the water lay a small village within a clearing, consisting of twenty sawdust huts, held together with mud. In a hut much like any other slept a teenage boy on a mattress made of straw. Visible on the boy’s left wrist was a black tattoo- resembling an eye, impaled upon a spear. The detailing of the tattoo showed that the artist must have been of a superb standard. For now, the boy slept on. Later, when the sun was at its prime, the boy’s eyes shot open. The light was slicing through holes in the thick fibres of the wall. He screwed up his eyes, stood from his bed, and stepped from the hut. Today marked an important occasion for the boy, as it was his seventeenth birthday. He was now permitted to leave the village to search for a livelihood for himself. However, the boy had already vowed that he would leave- not to find a job- but to find his family. When he was a month or so old, the boy had been found outside the hut of the local healer, Theo, who raised the boy and called him Yan. For the next seventeen years Theo brought up Yan as his own son. He was honest with the boy; letting him know of his mysterious heritage, but Yan had always been curious, and there was no stopping him leaving the village. Now that day had arrived, Yan could not leave soon enough. When Yan had collected his belongings and retrieved his mule from the village stables, he set off on his journey, which would take him through the woods, and ultimately to the river-city of Hoelra – the city of the water. Yan travelled for three solid hours through the dense cluster of trees that had formed between his village and the river before reaching the town of Glaera, where he would stop for the night. Yan wandered through the town increasingly warily- there were dead and dying people cluttering the streets of the town, many of the dead had weeping relatives draped over their lifeless corpses. Something had happened there the previous night. Yan lowered himself from his mule as a woman collapsed at his feet, howling with pain and despair. Yan put a hand forward to lift her face and quickly recoiled. Where the left side of her face would have been, was a great bloody hole, with various brains dripping from it How to cite Fiction coursework final draft Mollie Coucill, Papers

Decisions faced by managers Essay Example For Students

Decisions faced by managers Essay What are some important financial decisions that Business Owners face in a slowing economy? It has been said, solidly run small businesses actually hold their own during downturns. (Mark Vitner, a senior economist with first Union Corporation) While all business owners would like to classify themselves as solidly Run, Here are some of the thing that I believe warrant consideration by any business owner during a slowing economy1) Should I Reconsider and/or revise the existing business plan?One of the most important things you can do during an economic downturn is to evaluate your business plan. All businesses need a plan to define where they are going and how they are going to get there. (http://www.bizplanprep.com/)Your business plan is the working base for your company. Have your current day to day operations led you to a new position in the marketplace? Or have you strayed from a successful formula? Should you write a new business plan? Should you reinforce the guidelines for the c urrent business plan? Sit down and examine the plan from the viewpoint of an investor looking to purchase the company and make any revisions that seem appropriate. 2) What should I do with the budget?In a downturn one of the first places many businesses cut expenses are in advertising a real mistake. As part of the philosophy of expanding your base and recruiting more customers, you need to advertise and sell more than ever. People are looking for better ways to do business. If you have established strong customer satisfaction, this is the time to get the message out. 3) Should I start a power circle or an advisory board?Advisory Boards are being implemented by companies globally to leverage knowledge.(http://partner-com.com/advisory.html)Advisory boards consist of industry and community leaders i.e.: attorneys, certified public accountants, civic club leaders, owners or managers of businesses similar to yours or with whom you do business, also retired executives may be available. The latest industry jargon for these types of boards is Power Circles. An apt name because the members should be power connections for you knowledgeable about the marketplace in which you do business. These individuals should be able to provide you with the information that you need to make good decisions. The purpose of the board is to offer you a viewpoint other than your own. They should be people you can be truthful with and who will keep your disclosures private. Most groups like this discuss specific business problems you have, using the meeting to brainstorm poss ible solutions. If you dont belong to civic and professional organizations, find some and join. Here are groups of people facing similar challenges to you. Their joint expertise and resources can be a powerful support mechanism when times are tough. 4) How much emphasis have I placed on customer service in the past?Your loyal repeat customers are the lifeblood of your business in any economic climate. In a downturn they are what keep you in business. Treat them very well. Spend time listening to your clients to hear what they like and do not like about the methodologies and systems in place. Change those that your customers do not like that are not essential to the business model. Take time to be innovative in meeting your customer needs. Perhaps taking the time to computerize customer information would allow you to more easily access their particular preferences and respond quickly to their needs. Perhaps taking time to call special clients to discuss how you could serve them better would be productive. Maybe an extra driver would reduce your delivery time. Do whatever you need to do to keep your current customers loyal and to position yourself to win new customers. .u4ac696cc407faf324e73f4efe1d2e40b , .u4ac696cc407faf324e73f4efe1d2e40b .postImageUrl , .u4ac696cc407faf324e73f4efe1d2e40b .centered-text-area { min-height: 80px; position: relative; } .u4ac696cc407faf324e73f4efe1d2e40b , .u4ac696cc407faf324e73f4efe1d2e40b:hover , .u4ac696cc407faf324e73f4efe1d2e40b:visited , .u4ac696cc407faf324e73f4efe1d2e40b:active { border:0!important; } .u4ac696cc407faf324e73f4efe1d2e40b .clearfix:after { content: ""; display: table; clear: both; } .u4ac696cc407faf324e73f4efe1d2e40b { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4ac696cc407faf324e73f4efe1d2e40b:active , .u4ac696cc407faf324e73f4efe1d2e40b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4ac696cc407faf324e73f4efe1d2e40b .centered-text-area { width: 100%; position: relative ; } .u4ac696cc407faf324e73f4efe1d2e40b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4ac696cc407faf324e73f4efe1d2e40b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4ac696cc407faf324e73f4efe1d2e40b .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4ac696cc407faf324e73f4efe1d2e40b:hover .ctaButton { background-color: #34495E!important; } .u4ac696cc407faf324e73f4efe1d2e40b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4ac696cc407faf324e73f4efe1d2e40b .u4ac696cc407faf324e73f4efe1d2e40b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4ac696cc407faf324e73f4efe1d2e40b:after { content: ""; display: block; clear: both; } READ: Sophie's World Essay5) How Do I Expand Relationships with Existing Clients/ Sign More Long-term DealsGiven that your customers are satisfied, they should want to do more business with you. Find out if there are ways you can grow the depth and breadth of the product lines you have been delivering. By offering more products or services or fulfilling other needs that they have. Long-term relationships add to your security. So, if you have happy customers, offer a discount to those who are willing to sign a long-term contract or who are willing to pay cash up front for a contracted set of services. Cash up front is particularly attractive because it makes you look good on pape r and can allow you to lock in favorable financing from financial institutions. 6) When should I Seek New Business Opportunities (Diversify)A downturn sounds like a terrible time to diversify, doesnt it? But there are opportunities out there to be taken. And given that you have done your homework in establishing yourself on a solid financial base, this is an opportune time to broaden your base. Diversification gives you more stability because a down market in one product may be compensated for by another product. The tricky part is, of course, finding complementary products that face differing market challenges. You dont want to stretch your expertise by producing totally different products, yet you do want to target different types of markets so that softness in one may not be mirrored in the other. A simple example of a way to seek new opportunities is to establish an Internet business for a retail store. You have provided a new way to service your regular customers and expanded t he audience you reach. 7) Should I Form AlliancesAlliances with your vendors or with closely aligned types of products is always a good way to strengthen your customer base. With the right alliance you are reaching a broader spectrum of possible customers and you have more to offer each potential customer. 8) Can I Diversify My Customer BaseIt may be possible that you have been selling to a limited subgroup within the community and you can expand the appeal of your product to a wider audience. For instance, you may be primarily selling to a specific age, ethnic, or gender group and with different advertising or a slight modification in the product, you can reach a broader spectrum of the population. Simple things like instructions in another language or wording advertising slightly differently can have a major impact in which new customers your business attracts. 9) Can I Find Ways to Save Time and MoneyCollections are a great place to start in tightening your belt. Not only do you need to be providing incentives to your customers to pay on time or even early, but you need an efficient collection system that gives you advance warning of problems as they develop. Similarly, you need to be paying your bills on time and taking advantage of every possible discount that you can. Look at fixed and variable costs. What among the variable costs can you cut back on or put off for later? What among the fixed costs can you find a better deal on or negotiate more favorable terms for? And, pay attention to your banking relationships. Keep in touch with your banker, apprising them of any company developments. If you face a tight situation, having your banker knowledgeable about the positives of you and your business will make them much more amenable to helping you through difficult times. Consider lowering your prices. You need to maintain your profitability, but you also need to retain your customers who are also most likely hurting. If you can find more efficient methods that allow you to cut costs, not only will you retain your customers, but you also may attract others. .udb4b419e50ae0c8593cc78ec99a1854e , .udb4b419e50ae0c8593cc78ec99a1854e .postImageUrl , .udb4b419e50ae0c8593cc78ec99a1854e .centered-text-area { min-height: 80px; position: relative; } .udb4b419e50ae0c8593cc78ec99a1854e , .udb4b419e50ae0c8593cc78ec99a1854e:hover , .udb4b419e50ae0c8593cc78ec99a1854e:visited , .udb4b419e50ae0c8593cc78ec99a1854e:active { border:0!important; } .udb4b419e50ae0c8593cc78ec99a1854e .clearfix:after { content: ""; display: table; clear: both; } .udb4b419e50ae0c8593cc78ec99a1854e { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .udb4b419e50ae0c8593cc78ec99a1854e:active , .udb4b419e50ae0c8593cc78ec99a1854e:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .udb4b419e50ae0c8593cc78ec99a1854e .centered-text-area { width: 100%; position: relative ; } .udb4b419e50ae0c8593cc78ec99a1854e .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .udb4b419e50ae0c8593cc78ec99a1854e .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .udb4b419e50ae0c8593cc78ec99a1854e .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .udb4b419e50ae0c8593cc78ec99a1854e:hover .ctaButton { background-color: #34495E!important; } .udb4b419e50ae0c8593cc78ec99a1854e .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .udb4b419e50ae0c8593cc78ec99a1854e .udb4b419e50ae0c8593cc78ec99a1854e-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .udb4b419e50ae0c8593cc78ec99a1854e:after { content: ""; display: block; clear: both; } READ: Can Money Buy Happiness Essay10) Am I Watching for Signs and Acting on ThemLook for changes in psychology and behavior in your clientele. They may be spending less or putting projects on hold. They may not be paying their bills as quickly. If you are in touch with your customers, you will be aware of differences in buying habits. Contact them before they contact you about what the problems are. Can you help them in some way? You can gain a longtime relationship with a customer by approaching them proactively with the view of being there to help them through their own hard times. 11) Have I Mobilized My People to Save JobsEconomic downturns are scary times for employees. Many firms cut personnel and add to the workload of the remaining employees. Involve them in cost cutting. Let them know they are important to you and that you are committed to keeping them. If they know that they are perceived as an active part of the solution, they can identify sources of savings that never occurred to you. Find rewards that are not costly yet acknowledge their efforts. As hokey as it sounds, one successful businessman placed post-it notes on the restroom mirrors every evening noting positives that had been reported about various individuals during that day. It became a delightful, early morning ritual for the employees to discover each morning what the CEO had noted from the day before. Proper application of any of these techniques will add to overall gains in profitability and morale this is what makes a solidly run business solidly run. It means returning to the roots of your business and making certain that every one is healthy. All of these principles are worth revisiting at least annually, in good or bad times. Words/ Pages : 1,539 / 24