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Your Home Business: Turning Pennies into Dollars
By: Developer Shed
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    Your Home Business: Turning Pennies into Dollars
    by Stone Evans

    Henry Ford taught us that to simplify the manufacture of
    automobiles, that the best way to do so was to install the
    assembly line. That one change revolutionized the auto
    manufacturing industry permitting the industry to build cars at
    a cost whereas the average person could afford to buy one.

    The lesson we should take from this is that having the ability
    to improve the process of getting the job quicker and cheaper,
    without compromising the quality of the job being done, will
    help catapult the person who simplified the process to the top
    of his/her field.

    Pennies saved in your home business can turn into dollars at the
    end of the day, and dollars can quickly multiply into hundreds
    or thousands of dollars over time.

    Doubt me if you will, but let me ask you a question. Do you
    think a saving of two fifths of a penny could make any real
    difference in the profit margin of a home business? Of course
    the right answer is "it depends on how many transactions are
    done in a year, utilizing the savings of the two fifths of one

    You only have to think back a couple of decades to really
    appreciate this question. Do you remember the nut that lived and
    died in a Las Vegas hotel room? You know the one who was a
    billionaire, and was so worried about germs that he died of
    starvation? If you guessed Howard Hughes (1905-76), pat yourself
    on the back.

    Now Howard did not make all of his money on his two fifths of
    one penny. He did however make a ton of money from his two
    fifths of one penny. It seems Howard owned a can manufacturing
    company. And one day, Howard's team figured out how they could
    make one minor change in the design of their food can to reduce
    the amount of tin necessary to make a single can.

    As the story goes --- if my memory serves me correctly --- the
    reduction in tin usage equaled a saving of two fifths of one
    penny per can. Howard --- being the really smart businessman
    that he was --- decided that he would not be so greedy as to
    keep all of the savings for himself. What Mr. Hughes did do was
    to keep half of the savings for himself, and give the other half
    to his customers. The incredible thing about Mr. Hughes decision
    is that by saving his customers an extra one fifths of one cent
    per can, he managed to take more market share away from his
    competition --- netting his company an additional and
    substantial portion of the total market share in the canning

    Let us return our thoughts to your home business. Have you ever
    gotten the feeling of excitement --- when you read something or
    thought of something --- that you could not wait to implement
    this new idea? This could be one of those moments...

    In every home business, there are certain processes that we do
    over and again. Sometimes it may be possible to trim the time or
    expense of a process which in turn will add pennies or dollars
    to your bottom line. If it is a process that you do hundreds or
    thousands of times per month, then your savings will multiply
    into hundreds or thousands of dollars in monthly savings.

    Imagine what running a home business was like BEFORE the

    Before the personal computer, we had to hand type all letters
    and invoices. Now, we can setup a letter or invoice that we send
    out quite often, and we can save it in our word processor so
    that when we need to use it again, we can print it quickly and
    efficiently. There is no longer a need to type the document
    again from scratch.

    The computer has simplified our business communications and has
    provided us the opportunity to reduce our costs of doing

    Think about all of the other processes that the computer has
    enabled us to do for far less expense than what we could in the

    In this case, the computer is a tool that permits us to save
    time and money.

    So, my challenge to you is to begin examining the processes in
    your own home business and look for ways in which you can save
    yourself time and money. It is far better for you to contemplate
    on this matter than it is for me to do so for you. Simply put,
    you know your business better than anyone on the planet does.
    Therefore, you are in a better position than anyone to find
    those extra dollars that will decrease your costs and increase
    your profits.

    The extra pennies and dollars you could extract from your
    business could spell the difference between success and failure
    for your home business enterprise.

    About the author:
    Stone Evans owns the Home Business Resource Directory where
    you can find everything you'll ever need to start, run and grow a
    home based business at:

    DISCLAIMER: The content provided in this article is not warranted or guaranteed by Developer Shed, Inc. The content provided is intended for entertainment and/or educational purposes in order to introduce to the reader key ideas, concepts, and/or product reviews. As such it is incumbent upon the reader to employ real-world tactics for security and implementation of best practices. We are not liable for any negative consequences that may result from implementing any information covered in our articles or tutorials. If this is a hardware review, it is not recommended to open and/or modify your hardware.

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