On Volume Discounts

first_imgLet’s say I have a one acre yard. I offer you $30 to mow the lawn and trim around the edges. You agree, accept my offer, and begin working. It’s a pretty big yard, and it takes time and effort.You do an excellent job, and I decide to reward you by giving you more of my business. I offer to let you mow the adjoining acre of land, suggesting that I pay you an additional $20 to mow and trim that acre. You are already mowing the first acre, and you can just keep mowing in a straight line. Plus you don’t have to drive anywhere, and it’s really like having two customers. You’re grateful for the additional work, as it means you need to acquire one less customer.I didn’t yet mention that I have a 3rd acre. I offer to allow you to mow the third acre, and since I am giving you so much volume, I offer to pay you $15 for the third acre. It’s really not going to take you that much longer. And look at the volume I am giving you! I’m likely your biggest customer. Now you are getting $65 for the one stop on your weekly route.The first acre is worth $30. The second acre, which is exactly the same size as the first acre and takes just as much time and effort to mow and trim is somehow worth 30% less for the same effort. The third acre, through the sheer magic of volume discounts, is now worth only half of the 1st acre.How much should I pay you for the 4th acre?I am exaggerating to make a point. The effort that it takes you to do some work doesn’t change just because you have more work to do. The investment of time and energy doesn’t change either. Some work doesn’t really provide economies of scale, nor does it lend itself to volume discounts. Sometimes more work is just more work.In the time that it takes you to mow the three acres, you should have earned $90 instead of $65. Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Nowlast_img read more

Gadkari launches highway, port projects in Odisha

first_imgUnion Minister Nitin Gadkari on Wednesday launched a slew of highway and port projects worth ₹6,000 crore in Odisha and said another ₹2.5 lakh crore would be pumped in to boost the infrastructure here but the State must cooperate by expediting land acquisition process. The Road Transport and Highways, Shipping and Water Resources Minister laid foundation for three National Highway projects worth ₹2,345 crore at Kamakhyanagar in Dhenkanal district of Odisha. These projects include four-laning of the Talcher-Kamakhyanagar section of NH-200/23, Kamakhyanagar-Duburi section of NH-200 and Duburi-Chandikhole section of NH-200, the officials said. He also inaugurated a port project worth ₹431 crore and laid foundation for six others costing ₹3,206 crore at a function at Paradip in Jagatsinghpur district. Stating that the length of National Highways in Odisha has more than doubled in the last four years from 4,632 km in 2014 to 9,426 km in 2018, Mr. Gadkari said the Centre was spending nearly ₹1 lakh crore on NH in the State. He added investments worth ₹2.5 lakh crore would be made soon to strengthen the State’s transportation sector. Speaking on infrastructure projects which are stuck due to issues like land acquisition, forest and environment clearances, the Union Minister said the State government should cooperate in addressing these issues.Mr. Gadkari added that NH projects worth over ₹6,000 crore have been completed in the State. Several other projects worth ₹4,500 crore are scheduled for completion this year, he said.The Minister announced that a 262 km-long waterway, combining Mahanadi and Brahmani rivers, will be developed from Kalinganagar to Dhamra via Paradip at a cost of ₹5,000 crore. Speaking on the port-led industrialisation, Mr. Gadkari said 34 projects worth ₹20,000 crore have been identified for Odisha under Sagarmala. Among the projects launched was a multipurpose berth for handling clean cargo for diversifying its freight profile. Its capacity is 5 MMTPA at an estimated cost of ₹430.78 crore, officials said.last_img read more

India’s road to No. 1 spot in Tests

first_imgThere’s a world of difference between the first Test match India played 79 years ago and the 452nd game they will play at the same venue and against the same opponent from Thursday.The biggest difference is the attitude of the team that lost the first ever Test to England by 158 runs at Lord’s, London, and the one that will be led by Mahendra Singh Dhoni in India’s 100th Test against England.Former India Cricketers Dilip Vengsarkar (left) and Madhav Mantri virtually revere Lord’sThe team that CK Nayudu captained in 1932 lacked cohesiveness, by all accounts, as players depended on princely patronage and it meant they were aligned on a regional basis. There’s no such apparent bias now, chiefly as almost all players select themselves, needing no favours; selection is done strictly on the basis of their runs and wickets.Events before the one-off Test in the early 1930s meant that the eventual honour of leading the nation went to Nayudu after the original captain (Maharajah of Porbandar) as well as the vicecaptain (KS Ganshyamsinhji of Limbdi) pulled out.Today, there’s no such tentativeness, whether it is captaincy or the other places in the team. Dhoni is the unanimous and undisputed choice to lead the side in all three formats of the game.India, with 11 debutants, lost the game inside three days in 1932, with Amar Singh scoring the lone half-century in the match and pacer Mohammad Nissar capturing the lone five- wicket haul for the visitors.This time around, India -also world ODI champions -have little to worry about. Rather, Dhoni’s world No. 1 Test team, fresh from a 1-0 Test series win in the West Indies, has the wherewithal to crush the Englishmen, not just in the first match but in the four-Test series as well.advertisementAnother distinct difference between the two Indian teams 79 years apart is that the previous one comprised a bunch of rich but amateur cricketers who played largely for recreation, while today they all are professionals, for whom performance is directly related to their earnings -match fees, endorsements etc.One common factor between the two Tests is the venue, Lord’s, though it too has undergone a sea change since the first- ever game it hosted exactly 127 years ago; by a strange co- incidence that Test against Australia in 1884 also began on July 21, the date on which the first India- England Test begins.Several Indian players, like Madhav Mantri, Dilip Vengsarkar and Rahul Dravid, virtually revere the venue while others insist it’s like any other ground. Vengsarkar scored three successive centuries to enter the Lord’s hall of fame and Dravid finds himself at ‘ home’ there, despite missing a century on Test debut in 1996.Former India Test wicket-keeper Mantri, even at 89 years of age and despite a hearing problem, talks enthusiastically about Lord’s.Although he failed in the only Test he played at Lord’s, in 1952, the Mumbai- based player confesses to have been mesmerised by it.”Visiting Lord’s is like visiting a temple; that sort of thing is playing there. It was a thrilling experience playing at Lord’s,” Mantri, who played four Tests in his career, told M AIL T ODAY on Wednesday. “The one thing stands out is that the crowd at Lord’s is very knowledgeable.They appreciate good cricket,” pointed out the uncle of Sunil Gavaskar.Remarkably, Mantri is aware that it will be the 100th Test between India and England and the 2,000th match overall, and that Sachin Tendulkar is just one century short of 100. He also lauded Mahendra Singh Dhoni as a ” very good captain”.Despite old age, Mantri follows the game through newspapers, saying watching the game on the tube had its disadvantages. ” On television, you can’t get a full view and can’t make out field arrangements,” he outlined.last_img read more

Putin thanks FIFA for keeping Sports outside of politics

first_imgRussia is the host of  2018 World Cup amid persistent tension with the West about issues such as Moscow’s interference in Ukraine, it’s alleged meddling in US elections, and the nerve-agent poisoning of a former spy and his daughter in England.Russian president Vladimir Putin addressed representatives of more than 200 national soccer federations at the 68th FIFA Congress today ahead of  the World Cup tournament opening tomorrow and said, according to Radio Free Europe:“I would like to make special note of FIFA’s adherence to the principle of sports outside of politics,’”ScotlandScotland needs a hero: Billy Dodds Manuel R. Medina – September 10, 2019 According to former striker, Billy Dodds his country needs a hero to inspire future generations as the team’s hope to qualify to the EURO 2020 is small.“Russia has always supported this approach.”Putin will attend the opening game of the World Cup, as Russia plays Saudi Arabia at Luzhniki Stadium in Moscow. The tournament, which will be played at 12 stadiums in 11 Russian cities, ends on July 15.The FIFA Congress has rule out Morocco and selected US, Canada and Mexico as the host of the 2026 World Cup.last_img read more

Mancini Italy have no striker problem

first_imgItaly boss Roberto Mancini believes a lack of attacking options is not the reason behind their current struggles in front of goalSince Mancini’s appointment in May, Italy have scored just twice in three games in Group A3 in the Nations League.With Federico Bernardeschi as a false-nine on Sunday, the Azzurri’s problems in front of goal were plain for everyone to see after missing a host of chances at Poland.While an injury-time goal from Cristiano Biraghi did seal Mancini’s first win in charge of Italy, concerns over their striking options remain for the supporters.“There’s no striker problem,” said Mancini, according to Football-Italia.“There are times where you don’t win and you don’t even know why, then suddenly it all changes. Now the hope is that the lads get to the Portugal game in good physical shape.“The win [against Poland] was important, but the performance even more so. We gave consistency to what we did against Ukraine in Genoa.“The best thing about the win was how happy the lads were, I think they deserved it after a long time.Cristiano Ronaldo, JuventusSerie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“But now we still have to improve a lot and give consistency to our results and performances.“We have to be an attacking team, both at home and away. We need time and patience, but that’s our ultimate target.”🎥 #Highlights🇵🇱🇮🇹 #PolandItaly 0️⃣-1️⃣⚽️ 92’ #BIRAGHI🏆 #NationsLeague🏟 #SilesianStadium – #Chorzow#POLITA #VivoAzzurropic.twitter.com/TPVT5hxqIu— Italy (@azzurri) October 16, 2018last_img read more

Police Statement issued confirming attempted theft and shooting of TCI woman

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, October 23, 2016 – This released from Police: Thieves used a truck to rip out a Scotia Bank cash machine from a MoneyGram location in Down Town area of Providenciales earlier this morning (Sunday 23rd October, 2016.)Before the ATM Theft, around 10:44 PM on Saturday, 22nd October, 2016, a group of three masked men robbed a man at gunpoint in the Discovery Bay area before making away with his black F150 Ford Truck including his phone and small amount of cash.  Police responded to the scene and a search begun for the stolen vehicle.Around 3:59 AM this morning, police noticed two bandits ripping the Cash Machine out of its position with a chain connected to the same Truck that was reported stolen earlier.  Upon approaching the bandits, they open fire at the officers.  An exchange of gunshots has ensued before the culprits made good their escape on foot in the nearby bushes in the direction of Kew Town.At 4:20 AM, a complainant approached officers while on scene and reported that she had just reached home on Walter Cox Drive when she heard a loud noise and was immediately approached by two masked males described as one wearing all black, while the other wearing black and red shirt, long black pants with black cloth over his face and a black rifle in his possession.  They threw her to the ground and kicked her about the body before attempting to get away in her vehicle but were unsuccessful.  The lady then realized that she received a gunshot to the thigh.  She was taken to the hospital where she is being treated.The bandits remain at large.Anyone who witnessed the incident, who has not yet spoken to the police by calling the Chalk Sound Police Station 338-5901/941-8067, or who has seen any suspicious activity in the vicinity of the Moneygram location in the Downtown area next to the Shell Gas to please call Crime Stoppers on 1-800-8477 or use the Crime Stoppers online reporting page: www.crimestoppers.tc, the information you provide will be treated in the strictest of confidences.  We remind people they should not report crime information via our Facebook and Twitter page. Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:last_img read more

One dead and three wounded during shooting at La Jolla house party

first_img Posted: June 23, 2019 June 23, 2019 KUSI Newsroom Updated: 1:14 PM KUSI Newsroom, center_img One dead and three wounded during shooting at La Jolla house party 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Police Monday released the name of a 20-year-old woman killed in a weekend shooting.Nina Silver, a San Diego resident, died Sunday after being shot by an unknown assailant, said Lt. Anthony Dupree of the San Diego Police Department.A GoFundMe page has been set up for Silver to help pay for funeral services.Three men were wounded by the assailant in a vehicle that drove by them while they were standing near a house party in La Jolla, Dupree said. A group of people were standing near the east alley in the 7500 block of Cuvier Street when a light-colored sedan drove north in the alley and an occupant from the car fired several rounds at the victims, Dupree said.Officers dispatched to the scene a little before 12:40 a.m and discovered Silver and an unidentified 23-year-old man suffering from gunshot wounds to the upper body, Dupree said.Silver was pronounced dead at an area hospital, and the 23-year-old man was listed in stable but serious condition, police said.Two other victims, both 19-year-old men, arrived at different hospitals with gunshot wounds to the upper body. Both were listed in stable condition.Dupree said there is no description of the occupants in the vehicle. San Diego police homicide detectives asked anyone with information regarding the shooting to call them at 619-531-2293. Categories: Local San Diego News FacebookTwitterlast_img read more

Borough Continues To Defend Nikiski As LNG Plant Site

first_imgThe AGDC sent out a release in July confirming that Nikiski is still the companies preferred site for the AK LNG liquefaction facility. Facebook0TwitterEmailPrintFriendly分享The Kenai Peninsula Borough Assembly has drafted a resolution to further show support that the LNG liquefaction plant and marine terminal be located in Nikiski. John Quick, the Kenai Peninsula Borough Mayor’s chief of staff: “Right now we have Valdez and Mat-Su hemming and hawing for this project, and they’re intervenors. If we’re not at the table, we’re not at the table. So I think this will put us in a better position to have a bigger voice from the borough, and do everything we can to make sure this project lands in Nikiski.” On October 16, the Mat-Su Borough submitted a request to FERC asking that the AGDC reevaluate their Port MacKenzie site as a better site for the LNG plant over Nikiski. The Mat-Su Borough is the third municipality in the state to be granted intervenor status on the project, the other two being Valdez and the Kenai Peninsula Borough.center_img The resolution will be on the consent agenda during the assembly meeting on November 20. FERC is scheduled to release its draft environmental impact statement (EIS) for the project in February of 2019. In May 2017, the Federal Energy Regulatory Commission (FERC) deemed the application for the project from the Alaska Gasline Development Corporation (AGDC) complete; and the application submitted to FERC identifies Nikiski as the preferred location for the LNG plant and marine terminal. The resolution supports AGDC’s application that was submitted to FERC.last_img read more

Private Equity Returns to Magazine Buying

first_imgBasketball hall of famer Magic Johnson might not have acquired Johnson Publishing’s Ebony and Jet, but the overall market for magazine-related M&A deals was certainly active during the first quarter of 2010.  According to media investment bankers the Jordan, Edmiston Group, there were approximately 20 magazine M&A transactions through mid-March.“The mix was completely reversed, as consumer magazine deals accounted for 85 percent of total magazine deals in Q1 2009, but accounted for only 23.5 percent of total magazine deals in Q1 2010,” says JEGI CMO Adam Gross.What has been most notable, says Gross, is that private equity returned to the market as buyers of magazine assets during the quarter. Private equity groups over the last several months have absorbed mind-boggling losses as a growing list of publishers—including the Reader’s Digest Association, Source Interlink, Cygnus Business Media, and others—were forced into bankruptcy and their PE owners handed over control to lenders, taking a wash on millions of dollars in investments.Some prominent examples of PE-fueled deals during the first quarter were Seguin Partners’ January acquisition of CFO from The Economist Group, Spectrum Equity-backed Canon Communications buying four properties from Reed Business Information and Boston Ventures-backed Northstar Travel Media picking up five brands from Nielsen Business Media’s travel group. Reed Phillips, a managing partner at media investment banker DeSilva + Phillips, says there still were a number of smaller, distress deals during the quarter, pointing to Dow Jones buying up Hearst’s 50 percent stake in SmartMoney as significant because it “makes a statement that they are dedicated to that magazine even in a tough economic environment.” The deal effectively gives Dow Jones full ownership of the magazine.What’s in Store for 2010On the heels of a massive economic downturn, one can only wonder if magazine M&A will continue to pick up steam through the rest of the year. JEGI is confident it will. Gross says the firm believes the M&A market for magazines in 2010 is likely to be more active than it was in 2009 and the second half of 2008.“Private equity firms are sitting on nearly $500 billion and are looking to put up that capital to work through acquisitions, and the banks should be more cooperative in helping PE firms leverage their deals,” he says. Gross believes that large, global corporations will continue to divest the trade and consumer magazine assets they own that don’t fit within their core markets. He also thinks privately-held companies—whether owned by entrepreneurs or PE firms—that have been sitting on the sidelines also should come to market “as valuations improve and the buyer pool increases in line with a stronger economy.”“Add to this,” he says, “the fact that large, global corporations are holding unprecedented levels of cash on their balance sheets (S&P 500 companies have nearly $800 billion), and you can see why we anticipate a vibrant M&A market for magazines and other traditional and interactive media and information assets in 2010.”last_img read more