Sunday, December 18, 2005

key3:

Business must know:
  • external factors that may have impact
  • after market analysis:
  • list the external factors that you maynot have any control over
  • where do i get info on these factors
  • gather data on these and analyze
lots of data at little cost for most of these factors e.g.:
  • numerous govt publications--us govt bookstores
  • statistical abstract of govt -- facts, general stats, references (indicating source of their info ) for use in extensive research and anlysis
  • about 50 $ annual ,
  • every five years census taken gathers data on sales. employess, payroll etc. for every business category
  • collection of all of these censuses is 'census of business' are available.
  • use it to determine long term chance of the various business you are interested in.
  • census tracks if people age etc are important
  • local chambers of commerce
  • economics dept of many large banks
  • us industry and trade outlook --dept of commerce annual pub book info on every industry and forecasts
  • eceonomic report of president -- if u wanna know :gdp, economic data , cpi, interest rates
  • small business adminstration(sba) --sba booklet on accounting system establishment, administration, product pricing
  • taxes --irs, state controllers provide tax assistance and guide materials
  • wall street journal and new york time --national and internation business event and trans news
  • economist -- global economy understanding
  • business week , forbes -- other bus pubs

international dislocations (energy production reduction) are costly now .

u cant know and analyze everything but
informed business owner must know what to read and how to read it quickly and effectively.

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