Month: November 2014

Substitution Principle in Business

Substitution Principle in Business

There are a multitude of principles used in business, some are industry specific, others are functions of business.  But there is one that is a general principle that is used across the board in all areas of business.  It is called the ‘Substitution Principle’.  It works just like the substitution principle in math that we all learned about in algebra. 

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Real Estate Agent – Drawbacks and Delusions

Real Estate Agent

The highest prized benefit of owning your own business is independence.  You rely on your skills and have to report to no one but yourself.  This is the allure of becoming a real estate agent.  Imagine, making a lot of money and working when you want to work.  Very appealing to just about anyone, wouldn’t...

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Three Primary Characteristics of Successful Businesses

High Threshold of Knowledge

Well, this is my 200th article in two years.  So I’m going back to the very first article I wrote and essentially rewriting that piece.  When I reviewed it, I thought how poorly written and formatted the piece is and therefore I wanted to make my thoughts clearer.  So here it goes:  Over the last …

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Tangible and Intangible – Business Definitions and Use

Tangible and Intangible Meaning

Tangible and intangible are terms with several different meanings.  A lot of well educated folks have a difficult time providing an all inclusive definition.  Someone once described tangible as ‘something that can be burned’.  Well, land is tangible and yet, you can’t burn it.  Actually, in Boy Scouts, we teach the boys to use dirt...

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