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“Today Shapes Tomorrow

 Published Every Monday    Volume  132 Special Edition August 3, 2009

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Chapter 6 – Competition is good – “Jack & Jill Lemonade” enters in week-4

Last week we discussed details of the third week.  We talked about breakeven. You worked hard this week to make sure that you beat the breakeven of 23 lemonades this week.  Hot and sunny weather helped you to sell 35 lemonades in the 4th week of your lemonade business. 

You put your thinking hat on, and ask why just 35 lemonades were sold this week considering all days were warm and sunny?  One reason was the fact that other kids in the neighborhood started “Jack & Jill Lemonade” stand just down the block.  Some of your customers went to the “Jack & Jill Lemonade” stand.  Now you have competition to deal with.  What should you do?  What will happen to your business plan of 70 lemonades a week for a dollar?  What should you do to keep sales and profits for your business going? Let’s discuss it in the next chapter but for now this is how your 4th week numbers look –    

Learn more about…

What is Credit History?  Why is it important to have a good credit history? Volume 12.    

What is Economy, Business, Workers, Goods,  Services,  Stock, DOW, S&P500, and NASDAQ in Volume 16. 

Does it pay to study hard? Volume 17.    

What is Currency and Foreign Currency Exchange rate? Volume 14What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.

How does money grow in a bank? Volume 21. 

What is Fed Funds rate and Discount rate? Volume 22

What does the interest rate cut mean for you? What is APR? Volume 23. 

How to read stock information? Volume 25. 

What is “Black Monday”…Crash of 87”? Volume 31.

Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33

What does “$4.95 + Tax” means?  Volume 47.

What is a Recession?  What is a Depression? Volume 48.

What is Mergers & Acquisition (M&A)?  What is a Merger?  Volume 49.

What is ADR?  Volume 62.

What does buying back of shares means?  Volume 63.

Why is consumer confidence so important?  Volume 64.


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