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Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them. Business, that's easily defined - it's other people's money.
I.B.M. Ups Its Bet on Business Recovery Services.
I.B.M. is spending $300 million to build 13 data centers around the world, dedicated to helping corporate customers keep their businesses up and running despite power failures, natural disasters or political turmoil.
There has been a big increase in demand for these services in the last 18 months, according to Philippe Jarre, general manager of I.B.M.’s business continuity and resiliency services unit. The demand, it seems, is reflected in a nicely growing business. Though he won’t disclose sales for the business recovery group, Mr. Jarre did say it is fastest-growing business in I.B.M.’s big services division. His group must be doing well, since I.B.M. Global Services grew 16 percent last quarter.
Business continuity services are intended to help companies make sure the information technology engines of a business can recover quickly, after some calamity. A few years ago, the best companies could recover after being down for several hours or a few days.
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UK homes overvalued by 30%.
No this not a joke because UK has experienced one of the world’s ‘largest unexplained increases in house prices’ over the past decade. If its doom-laden prediction is correct, an average home - currently worth £196,000 - could actually be worth just £137,000.
I’m not sure what is the real effect for UK loans but definitely people will more careful about it. For homes in the South East, typically worth £400,000, the drop will be even more severe, down to roughly £280,000. The warning comes after 12 years of rocketing house prices. When the boom began in 1996, the average price was just £60,000.
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Sagging dollar makes doing business in U.S. cheaper
Thanks to the weakened dollar, the U.S. has leapfrogged France, Britain and other European countries as a cheaper place to do business. A new study released last week by KPMG shows that the U.S. moved up on the list of most cost-efficient places around the world. Researchers compared 136 cities in 10 of the biggest industrial nations in North America, Europe and Asia, but did not include rapidly growing China.
Mark MacDonald, the global director of KPMG Competitive Alternatives, said the survey authors found the U.S. to be more cost competitive than they’d ever seen because of the plunging dollar. The euro and the yen are stretching further now than two years ago, driving down overseas’ companies costs for everything from labor and transportation to energy.
In 2006, the U.S. ranked seventh for affordability. This year, with the dollar at record lows against the euro, only Mexico and Canada were cheaper. Is this a good sign for your business? [source:chron]
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.