Owning a stereo center.

I work at a Car and home audio store that provides installation service as well as advice. Both my father and I both have interest in buying the small business when our current boss decides he would like to retire. My goals to help with this goal or vision is to be the best possible employee i can be and learn as much as I can from those around me and my boss so that if or when the day comes i will be prepared for it.

Random Thoughts on Employee Behavior

Employees are essentially the part of the organization that the public and consumers come in contact with. Employees should truthfully always be polite and kind no matter how rude the customer is or how the employees personal life factors in. When an employee is on the clock he or she is representing the company not themselves. I think employees everywhere should try to be as nice and friendly as possible to everyone.

Intuition

Intuition can be a helpful tool most of the time but it is not a good idea when you have more time to due market research or when the decision has major consequences. Intuition may be correct half the time but market research provides hard facts that will allow you to make the best decisions with the data you can collect.

Profit Margin

Different companies have different profit margins based upon the products they sell. Many products such as groceries and essentials are priced low with a low profit margin so that consumers will buy their product. These companies rely heavily on amount sold over profit margin to make their money. Other organizations such as electronic parts and pieces have a high profit margin so that they don't have to sell nearly as much to make a profit and stay in business. A lot of this pricing is determined by competition as well as volume of sales.

Sam Walton

Some people earn money even past death such as Elvis whether it is through a business or a museum. Sam Walton still earns money for his family through the vast network of walmarts and the distribution centers. Even though he does not have direct influence anymore over Walmart he set the ground work for generations to come.

Professionalism

In business no matter the job or location or even how mean and hateful someone is towards you if you are representing a company you should always be thoughtful and courteous as well as try to be nice to the customer and be as helpful as you can be. This is a major part of being professional. Being professional makes the company look good as well as makes employees more likely to come back protecting your job. You should always act professional on the job.

How to market to everyone

The truth is you can't market a single product to everyone. Say you are trying to market a pizza, say this pizza has pineapple, pepperoni, cheese, and sauce. Not everyone would like that pizza whether the person doesn't like pineapple on pizza or is a vegetarian. People have many different opinions and expectations and you can't meet everyone's expectations, there will always be someone that wont like your product and that is ok. As long as you market to a large enough percentage of people you have a good chance of selling enough of your product if it is a good product and the time to sell it is right.