Saturday, June 12, 2010

The repeat sales rule of thumb

The repeat sales rule of thumb. The cost of selling to new customers is usually much higher than selling to an existing customer. A good strategic business rule of thumb says acquire new customers at break even and make all your profit on repeat sales.
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Tuesday, June 8, 2010

The bad news rule of thumb

The bad news rule of thumb. There is never a good time for bad news. A public relations rule of thumb says if there is bad news to deliver, always release the bad news late in the day on Friday.
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Sunday, June 6, 2010

The mediocrity rule of thumb

The mediocrity rule of thumb. Galileo, Newton and Einstein observed that our planet follows the same physical laws as our Universe. With respect to this, the scientific principle of mediocrity is a rule of thumb that says, we, and our particular location in time and space, are nothing special.
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Saturday, June 5, 2010

The customer rule of thumb

The customer rule of thumb. A business is not a business without customers. A good rule of thumb states what is perhaps the most fundamental business rule of them all: the customer is always right.
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Friday, June 4, 2010

The life insurance rule of thumb

The life insurance rule of thumb. There are several methods to determine the value of a life insurance policy. A good life insurance rule of thumb says you should purchase a life insurance policy valued at five times your annual income.
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Thursday, June 3, 2010

The credit balance rule of thumb

The credit balance rule of thumb. Financial planners recommend using credit cards for financing short-term purchases and for emergencies. A personal finance rule of thumb says you should carry two to six credit cards and keep the balance under 25% of the credit limit.
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Wednesday, June 2, 2010

The summer rule of thumb

The summer rule of thumb. The summer season is the time for bright-colored clothing. A fashion rule of thumb says you should never wear light-beige or white slacks or skirts between Labor Day and Memorial Day.
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Tuesday, June 1, 2010

The healthy lawn rule of thumb

The healthy lawn rule of thumb. A healthy lawn rule of thumb says grass lawns should receive at least one inch of water per week in order to maintain health and vigor.
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