Running a Family Business

What could be more pleasing than having children who after graduating from college that instead of choosing a career in organizations have decided to pursue and take over the management of their family owned business. Read the rest of this entry »

Keeping Customers Happy

A survey was conducted among hundreds of top performing salespeople from different areas and industry.  As a result, here are some of the best ways to get and keep new customers: Read the rest of this entry »

Gold declines as dollar gains strength

CHICAGO (Xinhua) — Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday retreated after it failed to hold the 1,800-dollar mark, representing the first decline in the latest three trading days, as a stronger dollar pared the appeal of gold as an alternative investment.
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Philips to cut 4,500 jobs

AMSTERDAM – Philips Electronics said it will cut 4,500 jobs as it reported an 85 percent slump in third-quarter net profit on higher restructuring and raw material costs.

Philips — the world’s biggest lighting maker, a top three hospital equipment maker, and Europe’s biggest consumer electronics producer — also said it is considering alternative options for its TV unit.
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Barber’s Republic: A Quality Haircut for $2.00

Some years back when my Dad was still here in the Philippines, I remember him saying that one thing that he had to do before returning to Fresno, California is that of having a haircut. This line of service is said to be expensive there, and even if the dollar to the peso conversion were to be considered, it would still be feasible to have it done here in the Philippines. This was seconded by a friend of mine who also goes back and forth to Melbourne, Canada. My thinking was why is this so? Perhaps the level of service was a whole lot different, but taking everything into consideration, a haircut is still a haircut so what could perhaps be the difference aside from using a pair of scissors or an electronic shaver to have the job done?

Anyway, I went for my own monthly haircut at Barber’s Republic today. My friend owns the place and they are the sponsor for our basketball team which is currently participating in the De La Salle Alumni Basketball League. Checking out the place to help my friend on how to jack up their profits, I noticed some services on their menu which were underutilized. So I immediately gathered my wits and thought of various ways to help in the marketing of the place and put these services into good use. Check out these services:

1. Haircut : Php 110.00/ $2.20
2. Hair Dye: Php 380.00/ $ 7.60
3. Foot Spa with Pedicure: Php 300.00/ $6.00
4. Full Body Massage: Php 300.00/ $6.00
5. Shave: Php 90.00/ $ 1.80

Another thing I noticed is that while the shop is catering to both men and women, the environment really gives an impression catered to the males. One suggestion I gave was to make the female related services featured in a way so that women can realize that this shop is not solely for the men. The ambiance is quite relaxing and holds a classy atmosphere that most people can consider as tidy and neat.

But on its 2nd year, this place will still reach places. Considering that the location is perhaps hard to find due to nearby private zoning, give it some more time and it will evidently become one of the landmarks in the vicinity of Greenhills, San Juan Philippines.
[tags]blog, business_enterprises, business_entity, business_plans, human_resources, operations_management, cost_of_quality[/tags]