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If you are seeking success with dollar stores do not
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MessaggioInviato: 14 Ago 2019 06:58:50    Oggetto:  If you are seeking success with dollar stores do not
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Your child聮s tomorrow depends on what you do today
Posted by Jennydsouza on February 14th
, 2017


Parents always wish the best for their children. And among the amenities they want to provide to their children, one of them is best in class education so that heshe can achieve hisher career goals.


Virat is father to Ajinkya, an 8-year old child. Ajinkya is one smart kid and early age aptitude tests indicate that he is well-suited for a career in science. Not surprisingly, Virat plans to set him up for a degree in medical science.


Challenges for child education


Virat is aware of the challenges facing him. Apart from the challenges of education
, which is for the best child plan to grapple with, Virat will need to have an answer for the sharply rising cost of education.


Cost of Medical Degree


(Assuming 5% Inflation (CAGR) in cost of medical education)


Consider this – education cost of a medical degree today at Rs 32 lakhs is beyond the reach of most parents and it’s no different for Virat.


Assuming 5% inflation, ten years from now it will cost Virat Rs 52 lakhs to fund Ajinkya’s medical degree.Twenty years from now it will be a whopping Rs 85 lakhs.


Good news for parents


The good news for Virat and worried fathers like him is that help is at hand in the form of child insurance plans.


Best child plan are tailor-made to meet the future financial needs of your children. You could invest in them to build a corpus for:

your child’s education child’s marriage a house that you wish to gift your child, among others

Best child plan are available in both forms – unit-linked plans and traditional plans to suit individuals with varying risk profiles.


How parents can plan ahead…


Virat needs to have about Rs 52 lakhs ready in 10 years (refer infograph)
, when Ajinkya will be set to apply in medical schools. To accumulate this sum, Virat needs to invest Rs 22,500 every month (or Rs 270,000 annually) over the next 10 years in an investment plan that grows at 12% CAGR (compounded annualized growth rate). Should Virat invest this sum over 10 years
, he can aim at accumulating Rs 51,75, 871 (or Rs 51.75 lakhs) by the end of the tenure.


Child insurance plans are particularly useful in these competitive times when cost of education is escalating precariously and there is considerable pressure on children to acquire best in class education. Parents, expectedly
, do not want to cut corners in providing for their children. They must consider the option to invest in a best child plan to accumulate wealth over the long term towards child’s education and marriage.


While children strive hard to achieve their dreams; it’s the parents responsibility to ensure the right financial support at all times. Bajaj Allianz Young Assure – a traditional savings insurance plan ensures these dreams are fulfilled irrespective of any eventualities. Bajaj Allianz Life Insurance company has one of the best claim settlement ratio of 98.1%* & is one of the most preferred brand to invest in for a JiyoBefikar future. Please fill in the details below so our representative can get in touch with you.


Source:

Success with Dollar Stores Requires Relationship Building Business Articles | September 11, 2011
In this article I present some of the advantages of investing in the development and continued cultivation of business relationships.


There are so many skills those seeking success with dollar stores must be able to offer to their new dollar store business.? Strategic thinking, planning, business operations
, employee management and leadership are just a few examples.? Yet none are more important than the ability to develop and maintain relationships with those your business depends on for success.? Some of those falling into this category include product suppliers, employees, customers, fellow local business owners and managers
, and many others.?? In this article I present some of the benefits of investing in the development and continued nurturing of business relationships.

???? Strong relationships mean others know you, and will think of your dollar store business first when they have a need.? In many cases this means those you know will shop in your store as their first choice.? In other cases it means they will pass on details and a recommendation to shop with you to others who they know.? These referrals will then come to your store to investigate and make purchases.

???? Strong relationships can work to open the door to opportunities.? By establishing new business relationship and growing existing business relationships ever-stronger you open the door to a boundless number of opportunities.? This effort may result in special buying opportunities, new sales, great operational ideas
, and new opportunities, all of which are very helpful to growing your business.

???? Strong relationships allow you to know others and as a result, you can help each other.? Everyone you meet brings different strengths with them.? In some cases they may need what your business has to offer ? dollar store merchandise, introductions to others you know
, but they do not know, or even some extra help with a problem or challenge.? In other cases your dollar store business may need whatever it is those you know have to offer as you work to achieve greater levels of success.

If you are seeking success with dollar stores do not overlook the importance of relationship building.? If you do not already have skills in this area, then build your knowledge by reading, attending networking business groups
, or even by registering f.
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