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  • Other Added - The Era of 'Finger in the Air' Publication Strategies is Almost Over

    Set Sane Financial Goals
    Setting unreasonable financial goals for your business can make you crazy! You may think you are motivating yourself to achieve more by setting your expectations high, but the opposite is often true.Big businesses have systems and algorithms for projecting their financial goals, and so should you. Yours can be much less sophisticated and complicated and can yield the same result.When your business is new, setting your goals is kind-of a shot in the dark. Unless you have some data on which to base your projections, you will most likely be estimating. Talk to people in your same industry to find out what they earned in their first years, keeping in mind how your business differs from theirs.Otherwise, here are some exercises you can do to get a reasonable number. Start by writing down your gross sales for every month for the past 2 years. (You have just created a spreadsheet.) Now go do som
    p>3. Release limited budget: By reducing upfront investment, organisations can free up capital for other projects. In fact, if the publication is for sale, the customer covers all costs prior to printing.

    4. Keep publications up-to-date: Many publications begin to lose value as soon as they are printed. By creating publications on-demand, they can be updated as required so that the publication is always correct when printed.

    5. Keep publications in print: Rather than retiring publications when the stock is depleted or order a reprint knowing demand will be small, an organisation can keep the publication on the system indefinitely – creating a virtual warehouse.

    6. Reduce production timescales: Developments in publishing systems allows the creation of unique templates that speed page lay-out. Once ready, the digital file goes straight to press reducing the time taken to produce the publication.

    7. Explore new publishing opportunities: By reducing the cost and eliminating the need for a large inventory, organisations can develop publications where there is only a small target readership – even a readership of one.

    8. Relieve the despatch headache: Many organisations end up fulfilling requests for publications internally. This is time-consuming and can easily become a hidden cost of providing in

    Slip Sheets Explained
    Getting goods from A to B is hard enough. Finding the right way to carry those goods is another headache. Once, we loaded and unloaded goods item by item - those were the days when labour was cheap. Then the Second World War came. This mother of many inventions brought us the wooden pallet. This, combined with a fork lift truck, enabled goods to be moved quickly and with less labour.Wooden PalletsThe wooden pallet was a great idea. So good was the idea that it is still going strong to this day. However, things have changed. Pallet pooling can be an expensive business. Rental and purchase costs have risen to reflect the increase in timber costs and the extra burden of fumigation and quality control.Escalating fuel costs have taken their toll on the inevitable dedicated trips that are made to repatriate empty pallets when imbalances occur in the supply chain. These fuel costs - and driver s
    Somewhere in most organisations is a cupboard. Inside that cupboard is stack after stack of boxes. Inside those boxes are publications – brochures, annual reports, textbooks, manuals or the like – whose only purpose seems to be gathering dust. Sound familiar? It doesn’t have to be that way, says Iain Plunkett of on-demand specialist, The Garret.

    I once stood with a company director in front of his own particular cupboard. He wanted to show me his current annual report. ‘We have a few copies in here,’ he said. His feeling of dread before opening the cupboard was palpable.

    Sure enough, we were faced by a wall of cardboard. A few had miraculously become a few hundred or even a few thousand. You could say it was a product of poor planning. But, more accurately, it was a product of an organisation trying to get the best possible price for producing their publication while not being able to predict demand.

    He, and his company, are certainly not alone.

    The price of prediction

    As with every other sphere of life, communication is the key to business. The more effectively you communicate, the more successful you’re likely to be. Stop communicating and you’re likely to disappear. But, there’s a cost associated with getting your information to the right people.

    When it comes to printed material that has always been an upfront cost. You have had to tie up a significant amount of capital in the publications you produced. Moreover, unless you had an incredibly well-defined target audience, you’d have to make an ‘educated guess’ about how many people would actually want the piece.

    When you have experience of the area – via the demand for similar publications in the past, for instance – you could get close to the correct amount to produce. However, I’m afraid 100% accuracy is incredible luck rather than planning. Even member-based organisations, such as trade associations where the size of the target readership is clearly understood, can’t be sure that every member will require a copy or estimate the number of non-members that will request it.

    If that’s the best case scenario, what about marketing communications or supporting technical material created for a new product launch? Even with the very best market research, demand is not guaranteed. You are going to have to rely on a degree of prediction – accept a degree of risk. Put your money where your mouth is and accept the fact that there will be some level of wastage.

    Turning the tables

    Here’s an idea: only print a publication as it’s required. Print as few as one copy at a time. Like many other parts of business, make your communications on-demand.

    For the first time, you can make prediction a thing of the past. If you know there are 10,000 people waiting for the piece then print 10,000. If you’re not sure there’s anyone then don’t print any. In both cases as demand grows, you can easily react. Advances in technology mean that the item resides on a server until needed, goes straight to press and out to the recipient; be that a customer, student, employee or partner.

    Moving from prediction to demand-based publication strategies also takes the pressure off your cupboards. There is simply no need to be stockpiling those boxes. No need for the publications to spend a life of forlorn darkness. Fulfilment can be handled at the point of print. All you need to know is that there is acceptable turnaround between an item being requested to it being delivered.

    Doing the maths

    Of course, to state that the ability to print on-demand is a new thing is slightly misleading. You have always had the ability to print one copy at a time. It’s just that the cost would have been so astronomical, no sensible person would have considered it. What’s changed is simply that short run and single copy printing has become cost-effective. Not for everything but for enough of your communications to make it worth doing the maths prior to any project.

    Printing 20,000 copies will always mean that the unit cost is less than printing a single copy. But what if you end up with 6000 unwanted copies? What does that do to your figures?

    And, it’s not just straight print costs. There is that horrible phrase ‘Total Cost of Ownership’ to consider. What are your storage costs? How do you handle a request for information? Who despatches the information when it’s requested? How do they do it? How long does that take? Is that their job or is it a distraction from their proper business role?

    More importantly, are you putting a financial cost against this time and effort?

    Coming out of the closet

    Back in the cupboard, the director rips open a box and proudly hands me a copy of his annual report. Glossy, well designed, very professional. I start to flick through the pages. “Don’t pay too much attention to that,’ he says. ‘Most of it is out of date.’

    10 reasons to go on-demand:

    1. Print as few as one copy: Using advances in digital technology, it is possible and economical to print in single copies. This reduces the need to produce publications in bulk.

    2. Print only when required: There is no need to try to estimate demand prior to printing. The publication can be printed only as it is required. This virtually eliminates inventory and stock control issues.

    3. Release limited budget: By reducing upfront investment, organisations can free up capital for other projects. In fact, if the publication is for sale, the customer covers all costs prior to printing.

    4. Keep publications up-to-date: Many publications begin to lose value as soon as they are printed. By creating publications on-demand, they can be updated as required so that the publication is always correct when printed.

    5. Keep publications in print: Rather than retiring publications when the stock is depleted or order a reprint knowing demand will be small, an organisation can keep the publication on the system indefinitely – creating a virtual warehouse.

    6. Reduce production timescales: Developments in publishing systems allows the creation of unique templates that speed page lay-out. Once ready, the digital file goes straight to press reducing the time taken to produce the publication.

    7. Explore new publishing opportunities: By reducing the cost and eliminating the need for a large inventory, organisations can develop publications where there is only a small target readership – even a readership of one.

    8. Relieve the despatch headache: Many organisations end up fulfilling requests for publications internally. This is time-consuming and can easily become a hidden cost of providing in

    Speed Reading Programs: Worth The Effort
    Speed reading programs are developed to help individuals considerably increase their productivity and efficiency when it comes to reading. There are two primary schools of thoughts that are divided up between the lion's share of speed reading programs offered throughout the globe. The first has to do with scanning and is known as the traditional method of speed reading. The most recent speed reading teachings state that scanning is not the most effective way to speed read, and in its place it's possible to read entire chunks of a page at a time without moving your eyes to scan the pages.There are disagreements over which methods are better, and at long last it comes down to personal preference. One thing that many within the scientific community tend to agree with is that speed reading will never be able to allow you to fully understand the contents of a page, but in its place just get the gist of what the pa
    has always been an upfront cost. You have had to tie up a significant amount of capital in the publications you produced. Moreover, unless you had an incredibly well-defined target audience, you’d have to make an ‘educated guess’ about how many people would actually want the piece.

    When you have experience of the area – via the demand for similar publications in the past, for instance – you could get close to the correct amount to produce. However, I’m afraid 100% accuracy is incredible luck rather than planning. Even member-based organisations, such as trade associations where the size of the target readership is clearly understood, can’t be sure that every member will require a copy or estimate the number of non-members that will request it.

    If that’s the best case scenario, what about marketing communications or supporting technical material created for a new product launch? Even with the very best market research, demand is not guaranteed. You are going to have to rely on a degree of prediction – accept a degree of risk. Put your money where your mouth is and accept the fact that there will be some level of wastage.

    Turning the tables

    Here’s an idea: only print a publication as it’s required. Print as few as one copy at a time. Like many other parts of business, make your communications on-demand.

    For the first time, you can make prediction a thing of the past. If you know there are 10,000 people waiting for the piece then print 10,000. If you’re not sure there’s anyone then don’t print any. In both cases as demand grows, you can easily react. Advances in technology mean that the item resides on a server until needed, goes straight to press and out to the recipient; be that a customer, student, employee or partner.

    Moving from prediction to demand-based publication strategies also takes the pressure off your cupboards. There is simply no need to be stockpiling those boxes. No need for the publications to spend a life of forlorn darkness. Fulfilment can be handled at the point of print. All you need to know is that there is acceptable turnaround between an item being requested to it being delivered.

    Doing the maths

    Of course, to state that the ability to print on-demand is a new thing is slightly misleading. You have always had the ability to print one copy at a time. It’s just that the cost would have been so astronomical, no sensible person would have considered it. What’s changed is simply that short run and single copy printing has become cost-effective. Not for everything but for enough of your communications to make it worth doing the maths prior to any project.

    Printing 20,000 copies will always mean that the unit cost is less than printing a single copy. But what if you end up with 6000 unwanted copies? What does that do to your figures?

    And, it’s not just straight print costs. There is that horrible phrase ‘Total Cost of Ownership’ to consider. What are your storage costs? How do you handle a request for information? Who despatches the information when it’s requested? How do they do it? How long does that take? Is that their job or is it a distraction from their proper business role?

    More importantly, are you putting a financial cost against this time and effort?

    Coming out of the closet

    Back in the cupboard, the director rips open a box and proudly hands me a copy of his annual report. Glossy, well designed, very professional. I start to flick through the pages. “Don’t pay too much attention to that,’ he says. ‘Most of it is out of date.’

    10 reasons to go on-demand:

    1. Print as few as one copy: Using advances in digital technology, it is possible and economical to print in single copies. This reduces the need to produce publications in bulk.

    2. Print only when required: There is no need to try to estimate demand prior to printing. The publication can be printed only as it is required. This virtually eliminates inventory and stock control issues.

    3. Release limited budget: By reducing upfront investment, organisations can free up capital for other projects. In fact, if the publication is for sale, the customer covers all costs prior to printing.

    4. Keep publications up-to-date: Many publications begin to lose value as soon as they are printed. By creating publications on-demand, they can be updated as required so that the publication is always correct when printed.

    5. Keep publications in print: Rather than retiring publications when the stock is depleted or order a reprint knowing demand will be small, an organisation can keep the publication on the system indefinitely – creating a virtual warehouse.

    6. Reduce production timescales: Developments in publishing systems allows the creation of unique templates that speed page lay-out. Once ready, the digital file goes straight to press reducing the time taken to produce the publication.

    7. Explore new publishing opportunities: By reducing the cost and eliminating the need for a large inventory, organisations can develop publications where there is only a small target readership – even a readership of one.

    8. Relieve the despatch headache: Many organisations end up fulfilling requests for publications internally. This is time-consuming and can easily become a hidden cost of providing in

    4 Ways TV Is Bad For Your Business
    Is TV hurting your business productivity?I'd like to demonstrate that watching television can actually harm your efforts towards financial freedom.1) TV watching encourages passivityWatching TV requires less energy and initiative than any other activity. (Did you know that while watching television, your metabolism actually lowers to a level between resting and sleeping?)It's obvious how this tendency towards passivity and dependence could be bad for your business. Being an entrepreneur requires creativity, initiative and a lot of hard work. The habit of watching TV works against those traits by making you lose the human struggle of doing nothing versus doing something. In a word, tv viewing encourages laziness.2) TV makes you tired and depressedHave you ever watched tv for two or three hours at a clip, only to get up from your couch in a fog, a haze, not really aware of w
    nd.

    For the first time, you can make prediction a thing of the past. If you know there are 10,000 people waiting for the piece then print 10,000. If you’re not sure there’s anyone then don’t print any. In both cases as demand grows, you can easily react. Advances in technology mean that the item resides on a server until needed, goes straight to press and out to the recipient; be that a customer, student, employee or partner.

    Moving from prediction to demand-based publication strategies also takes the pressure off your cupboards. There is simply no need to be stockpiling those boxes. No need for the publications to spend a life of forlorn darkness. Fulfilment can be handled at the point of print. All you need to know is that there is acceptable turnaround between an item being requested to it being delivered.

    Doing the maths

    Of course, to state that the ability to print on-demand is a new thing is slightly misleading. You have always had the ability to print one copy at a time. It’s just that the cost would have been so astronomical, no sensible person would have considered it. What’s changed is simply that short run and single copy printing has become cost-effective. Not for everything but for enough of your communications to make it worth doing the maths prior to any project.

    Printing 20,000 copies will always mean that the unit cost is less than printing a single copy. But what if you end up with 6000 unwanted copies? What does that do to your figures?

    And, it’s not just straight print costs. There is that horrible phrase ‘Total Cost of Ownership’ to consider. What are your storage costs? How do you handle a request for information? Who despatches the information when it’s requested? How do they do it? How long does that take? Is that their job or is it a distraction from their proper business role?

    More importantly, are you putting a financial cost against this time and effort?

    Coming out of the closet

    Back in the cupboard, the director rips open a box and proudly hands me a copy of his annual report. Glossy, well designed, very professional. I start to flick through the pages. “Don’t pay too much attention to that,’ he says. ‘Most of it is out of date.’

    10 reasons to go on-demand:

    1. Print as few as one copy: Using advances in digital technology, it is possible and economical to print in single copies. This reduces the need to produce publications in bulk.

    2. Print only when required: There is no need to try to estimate demand prior to printing. The publication can be printed only as it is required. This virtually eliminates inventory and stock control issues.

    3. Release limited budget: By reducing upfront investment, organisations can free up capital for other projects. In fact, if the publication is for sale, the customer covers all costs prior to printing.

    4. Keep publications up-to-date: Many publications begin to lose value as soon as they are printed. By creating publications on-demand, they can be updated as required so that the publication is always correct when printed.

    5. Keep publications in print: Rather than retiring publications when the stock is depleted or order a reprint knowing demand will be small, an organisation can keep the publication on the system indefinitely – creating a virtual warehouse.

    6. Reduce production timescales: Developments in publishing systems allows the creation of unique templates that speed page lay-out. Once ready, the digital file goes straight to press reducing the time taken to produce the publication.

    7. Explore new publishing opportunities: By reducing the cost and eliminating the need for a large inventory, organisations can develop publications where there is only a small target readership – even a readership of one.

    8. Relieve the despatch headache: Many organisations end up fulfilling requests for publications internally. This is time-consuming and can easily become a hidden cost of providing in

    Medical Billing - Choosing A Carrier
    If you're just starting out as a medical billing company, one of the first decisions you have to make is what claims you're going to support. In other words, who are you going to bill? Because of all the complexities involved with medical billing procedures, we can't possibly cover all the pros and cons of billing each type of agency but we will cover the main points. This way, if you are just starting out, you can decide what kind of claims and carriers you want to support.Let's start with billing Medicare. Medicare is one of the oldest carriers in the United States. It is run by the government but each region and office is independent and has slightly different rules. So you'll have to check for uniformity between them. That is one of the drawbacks of billing Medicare. They should all be the same, but subtle differences make them difficult to bill the same way.Another drawback of billing Medi
    copies will always mean that the unit cost is less than printing a single copy. But what if you end up with 6000 unwanted copies? What does that do to your figures?

    And, it’s not just straight print costs. There is that horrible phrase ‘Total Cost of Ownership’ to consider. What are your storage costs? How do you handle a request for information? Who despatches the information when it’s requested? How do they do it? How long does that take? Is that their job or is it a distraction from their proper business role?

    More importantly, are you putting a financial cost against this time and effort?

    Coming out of the closet

    Back in the cupboard, the director rips open a box and proudly hands me a copy of his annual report. Glossy, well designed, very professional. I start to flick through the pages. “Don’t pay too much attention to that,’ he says. ‘Most of it is out of date.’

    10 reasons to go on-demand:

    1. Print as few as one copy: Using advances in digital technology, it is possible and economical to print in single copies. This reduces the need to produce publications in bulk.

    2. Print only when required: There is no need to try to estimate demand prior to printing. The publication can be printed only as it is required. This virtually eliminates inventory and stock control issues.

    3. Release limited budget: By reducing upfront investment, organisations can free up capital for other projects. In fact, if the publication is for sale, the customer covers all costs prior to printing.

    4. Keep publications up-to-date: Many publications begin to lose value as soon as they are printed. By creating publications on-demand, they can be updated as required so that the publication is always correct when printed.

    5. Keep publications in print: Rather than retiring publications when the stock is depleted or order a reprint knowing demand will be small, an organisation can keep the publication on the system indefinitely – creating a virtual warehouse.

    6. Reduce production timescales: Developments in publishing systems allows the creation of unique templates that speed page lay-out. Once ready, the digital file goes straight to press reducing the time taken to produce the publication.

    7. Explore new publishing opportunities: By reducing the cost and eliminating the need for a large inventory, organisations can develop publications where there is only a small target readership – even a readership of one.

    8. Relieve the despatch headache: Many organisations end up fulfilling requests for publications internally. This is time-consuming and can easily become a hidden cost of providing in

    Using Rainchecks at an Electronic Store
    What is a rain check?A rain check is a ticket you receive when an item is out of stock. They are placed at the courtesy counters and all you normally need to do is ask for one.How do I get a rain check?When an item is on sale it normally sells out quickly. When this happens, most people will leave the store in disappointment. But, the bargain shopper will immediately go to the courtesy counter and ask for a rain check.The person behind the counter will fill out a form which has the item # and the sales price. You can then use this form for up to 60 days after you receive it according to the FTC (Federal Trade commission)...This means, once the item is in stock, you can get it at sale price.Why do I want a rain check?As stated above, the main reason to get a rain check is to get an item for sales price even after it has run out of stock.The sec
    p>3. Release limited budget: By reducing upfront investment, organisations can free up capital for other projects. In fact, if the publication is for sale, the customer covers all costs prior to printing.

    4. Keep publications up-to-date: Many publications begin to lose value as soon as they are printed. By creating publications on-demand, they can be updated as required so that the publication is always correct when printed.

    5. Keep publications in print: Rather than retiring publications when the stock is depleted or order a reprint knowing demand will be small, an organisation can keep the publication on the system indefinitely – creating a virtual warehouse.

    6. Reduce production timescales: Developments in publishing systems allows the creation of unique templates that speed page lay-out. Once ready, the digital file goes straight to press reducing the time taken to produce the publication.

    7. Explore new publishing opportunities: By reducing the cost and eliminating the need for a large inventory, organisations can develop publications where there is only a small target readership – even a readership of one.

    8. Relieve the despatch headache: Many organisations end up fulfilling requests for publications internally. This is time-consuming and can easily become a hidden cost of providing information. An on-demand service can take care of this without the expense of employing a mailing house.

    9. Work closely with partners: Using an on-demand approach makes it more efficient and cost-effective to provide materials to partners and suppliers. An organisation can make a publication available for partners to amend and print while maintaining control.

    10. Superior customer service: Some organisations have cancelled publications or offered PDF-only versions in order to control costs. However, many people still prefer printed material. On-demand can allow organisations to continue offering a choice to their customers, members employees or other audiences.

    Copyright 2006 Iain Plunkett

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