The model stock plan

Bibliographic data

Monograph

Identifikator:: 897653432

URN:: urn:nbn:de:zbw-retromon-12556

Document type:: Monograph

Author:: Schaulis, Georg

Title:: Graf Georg Kankrin in nationalökonomischer und finanzwirtschaftlicher Beziehung

Place of publication:: Tilsit

Publisher:: Buchdruckerei "Lituania"

Year of publication:: 1914

Scope:: 1 Online-Ressource (XII, 114 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Abschnitt. Die Lehre Kankrins

Collection:: Economics Books

THE WAY TO GREATER TOTAL PROFITS 5 methods that have been profitable in the past. 4 great percentage of the failures in business, if not most of them, are due to just this: continuing to use methods that have been profitable in the past long after times have ‘changed. Probably the sole important difficulty anyone will have with this method is in making up his mind to adopt it. And yet he will adopt it because he will be convinced that it will bring him greater total profits and greatly reduced risks in his business. Here, too, the time element enters importantly. Some people will adopt the Model Stock Plan at once and immedi- ately begin to make greater total profits. Others will do so more slowly; they will take it up only as they see competitors making greater total profits from its use. Some will never adopt 1t, because, if they wait too long, the competition of the better methods will make it too late for them to compete with rivals who have taken advantage of this newer, better way of doing business. So let us bear in mind the advantages of acting promptly. A dollar lost may sometimes be re-earned. But time is the one business asset that can never be regained; the corollary is that profits which are allowed to escape through failure to grasp a better idea promptly are the one class of profits that are lost for all time. Once we get the Model Stock Plan operating it is going to help us to keep better stocks with less money invested. It will take a great strain off our minds. It will greatly add to our total profits by increasing goodwill, as we shall have more customers and better satisfied customers. These are the advantages this book offers. We shall want to absorb everything constructive that it offers. The Woolworth, Chevrolet, and Ford principles are the same as those presented here out of Model Stock Plan experience. What is more, when we have finished our exami- nation of these principles, you will agree with me that the same basic ideas underlie every one of the shifts in distribu- tion which are going on all around us today—except only

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