Jaca Mily

Passive income is the most beneficial type of income because it is able to generate an appreciable amount of regular income with less of your time required. The most common way to generate a passive income is to have a property, say an apartment and have it rented or avail for cell tower leases if you have a huge piece of land.

The most important thing to consider for tower leases is the location of the land. Its proximity with another cell tower would decrease the chance of getting a lease. The land’s accessibility is also significant. Your land should be near urban or suburban area and must be near the main road to increase the points of getting the lease approved.

Its neighboring premises also play a significant role in the approval of the lease. Being surrounded by residential properties would be an advantage if you have an industrial property while having a residentially zoned land surrounded by industrial property would be a disadvantage.

These are just some of the things that landowners consider before applying for a tower lease. If in case he finds his land possesses these characteristics, he could have his land assessed by wireless carriers to determine exactly whether the land could be a potential place to put up a tower.

My job is probably my life and the same goes for Gary; my cousin. We are both named as workaholic by our relatives and friends because we often work at least 12 hours a day. The only problem is that we work too much that we most often forget to take care of ourselves. This is the reason why Gary is going to see a boston laser vision correction doctor this weekend. His eyes have been diagnosed with a disorder and needs a laser surgery.

So we’ve been talking all about business and how to manage and earn money. But let us now talk about ourselves. Keep your time balanced and so as your health. Keep in mind that with a healthier body and a properly managed time, there is just so much more that you will be able to do. Take care of yourself because your body is the greatest and most valuable asset that you can have. Do not wait for the moment when you will regret not taking of yourself and think of “what if’s” and “I should have’s”.

Today, most people pay little attention to social or business etiquette. While some elements of traditional etiquette may seem dates and pre-”high tech”, they are worth reviewing - and incorporating into your daily business life.

Telephone Calls

With the exception of “cold calls”, all calls received should be returned within no more than twenty-four hours. This applies to “internal” and “external” calls. Of course, calls to customers - current and potential - should be returned first.

Office Visits

When visiting someone’s office, whether a customer, boss or “internal” customer, take no more time than is absolutely necessary. Treat other’s time as if it were your own.

Bids

When you bid on a job, follow-up directly with the potential client or customer. When you are in receipt of a bid, follow-up with the vendor or consultant whether they win it or not. If the bid is delayed, communicate this fact to the vendor or consultant.

Resumes

When you post a job opening and you interview someone by telephone (screening) or face-to-face, follow-up the interview with either a call or e-mail. When you have selected a candidate, let those you interviewed who did not get the job know that you selected someone else.

Meetings

Schedule no more meetings than absolutely necessary. Make your meetings brief and to the point with an agenda and a time limit.

Conference Calls

Schedule conference calls when they are most convenient for all participants. If you have participants globally, schedule them at different times to share the inconvenience among all participants. Send out an agenda and time limit in advance. Make sure all participants are on time and remain for the entire call.

Customers

The customer is first in all things. Ahead of the boss. Ahead of subordinates. Ahead of suppliers. Even ahead of your family and personal life. They pay the bills. Do not ever inconvenience a customer.

Email

E-mail is both a blessing and a curse. Those who worked prior to e-mail remember regular mail drops and office couriers. Respond to all customer e-mails within no more than twenty-four hours. Respond to all other e-mail sent directly to you (excluding “spam” and mass group e-mailings) within forty-eight hours. Only address emails to those who absolutely need the information (response, request or whatever) within them.

Time

Respect the time of others. If you are going to be late, call them to let them know. If you must leave a meeting early, let the “owner” of the meeting know in advance. And if an appointment or meeting must be cancelled, let the participants know as far in advance as possible so they can rearrange their schedules.

Business etiquette may seem basic but increasingly, business people think of themselves and not others. Not their clients or customers. Not their employees. And not their vendors or suppliers. Business etiquette is often rewarded by others behaving in a similar manner. Take the first step by making an example through your actions and those of your team.

By: George F. Franks

It has be a few years since we went through a recession. According to some economist it has been since 2001 that we have enjoyed a recession. It might be a good time for a refresher course in how to do business during a recession.

There are a few key points to consider during tough economic times. Some have to do with common sense, which is always in short supply during a crisis. Others have to do with things that slip our minds and things we simply forget about until they come up again.

Customers, Shoppers and Buyers become more Cautious

The squeeze of every economic slowdown and recession is first felt by the consumer. They will know of a problem long before any government economist will admit that there is a problem.

Energy prices rise, food prices rise and pay days don’t. In the case where there is a commission based job in the household the paycheck may even take a dip during slow economic times. Combined with the rise in energy and food prices this puts a terrible squeeze on the household budget.

Therefore, your customer is going to spend less simply because they have less to spend. Be aware of this in your marketing and you can still garner your share of their spendable income.

Know your Strengths and Capitalize on them

If you are a casual dining restaurant that has a menu with items priced under $10 now is not the time to introduce your new, higher priced menu. Save that for when your customers have more spendable income and can afford to pay more to eat out.

Your mission during tough times is to survive like anyone else. Take a look at your menu. Find the high profit items on your menu and feature them in your advertising. Also know what your most popular items are and help people to know that you have them. Do you have a sign board outside of your restaurant? If so, use these items as your daily specials and price them right for your customers.

Be Smart with your Purchases

A very wise businessman taught me that there are 2 ways to make money when you sell something. Obviously, you make money on the difference between your cost and the selling price. However, what most people don’t realize is that you made money when you bought the item if you paid less for it.

Now is the time to comparison shop. Now is the time that you might pick up a new vendor or 2 through comparing what you are doing now and the other options that are available to you.

You have to understand that tough economic times reach way up the food chain. Your vendors are also having to scramble to do business. They too will be looking at how to continue selling during a recession. Being competitively priced is going to be one way that they survive. It is not wrong to competitively shop and force your vendors to cut prices in order to keep your business.

You should also take a look at what you can do yourself that you once hired out. For instance, there are probably maintenance items that you might have hired out that you could do yourself if you put your mind to it. Washing windows, plunging a toilet or maintaining equipment are all examples of things you might once have hired out that you now must do for yourself. Don’t hire an electrician to change a light bulb and don’t call a technician to replace a printer on your poit of sale system.

Be sure to use the Internet and search engines to help locate better pricing and help maintaining equipment. There are thousands of resources on the Internet that can help with better prices on inventory items, do-it-yourself help sites and even sites to buy equipment at drastically reduced prices.

Be smart in all aspects of your business and you will survive this recession. By: Nathan Lewis