Strategies for success. The business is located in the United States risks a company's success rate.5 is a small company of 100 companies therefore need to prepare for difficult situations. Both visible and invisible. However. Your success may be. If you have patience. Commitment seriously and are working hard strategy. And do everything necessary in each step. Following a strategy that small business success. But can not be guaranteed. Will only recommend opportunities that success only increased.
1. Conscious self-assessment questionnaire for potential entrepreneurs. You may be aware of your availability that is how. Before you commit capital and mind power power power time is very necessary that you must evaluate their own prior assessment of potential. A set of operators to be successful in any business or industry is. Take several years. But you can accelerate easily. The research seriously. Research or data collection possible. But if you can do your own research is better. Earnestness in the work all. Building relationships with people in business and customer security. Especially the faithful to partners or customers. Meeting to talk with friends or anyone who you think will listen to your thoughts. Or encouraging people to wait for you always. To maintain long-term benefits. Usually takes 3-5 years to get companies to trust. And popular in the market.
Questions to assess their own before the start of business operations.
1. Features operators.
2. You like to decide by yourself or not.
3. Do you like competition in business or not.
4. You are in control of their commitment to work or not.
5. You like to plan in advance or not.
6. You tend to work successfully and timely goals or not.
7. After starting the business. You are prepared to reduce the standard of living down to business until a certain income or not.
8. You are healthy or not. Do you have a congenital disease that will affect the hard work and long-term or not.
9. You will accept what you did wrong and then listen to any suggestions or warnings or not.
10. If your business failure. You prepare to lose them or not.
11. You can withstand the pressure and stress or not.
12. You can adjust strategies quickly when circumstances change or not.
13. You can start and run their own without help or encourage others to have or not.
14. You can decide quickly and do not regret the decision you made an error or not possible.
15. You trust someone or not then people trust you or not.
16. You can solve problems quickly. Efficiently and with confidence or not.
17. You can maintain a good attitude when you are in front of your enemy or not.
18. You are a good speaker or not. You can describe your ideas to others to understand or not.
Personal skills.
1. You can think of at least 10 skills that will make you very successful in business or not.
2. You have those skills. Level in any medium, high or low.
3. Those skills will help you do business.
4. You can sharpen their skills or find people with skills and expertise required for your business or not.
5. You can tell at least 5 reasons why you want to be entrepreneurs or start a business or not.
Success.
1. You can write to the success factors of at least 5 things that will allow you to target within 1 year of doing business or not.
2. Goods or services in your market needs or not.
3. You know whether your competitor is none. And how you will compete for your business the peer successfully.
4. You expect that you will have much income. And when you will have the income.
5. If you do not have the prospective income. You plan to do.
6. You know the amount you need to start or not. You will make money and how the capital.
7. If you have your own business. You can make money than you working for someone else or not.
8. Family support your ideas in your business or not. And ready to sacrifice what you need to start business or not.
Venture capitalists.
If the start of your business. Will have more than 1 person each person should answer these questions.
1. You choose the reason is because in business or not. (Not because it is the same friend).
2. The merger is targeted to your business like you or not. Or that a different target.
3. People that know themselves what is advantage or disadvantage or not.
4. You know or not that person is qualified to do the skills and expertise.
5. Plan income and welfare benefits that the merger is to be accepted or not.
6. Functions in decision making and operations of each recognized by all parties or not.
7. If an individual can not plan expected to be a way to make that person out.
8. You will do if the merger one from the company or die.
Skills and expertise.
Skills and expertise is most important in business to succeed. You should know that your level of ability in high medium or low in these things. Advantages and disadvantages of each of what was to develop better training or more.
1. Financial.
2. The market.
3. The development of products and services.
4. The direct and indirect sales.
5. Advertising and promotional products.
6. Accounting.
7. People management.
8. The business plan.
2. Knowledge marketplaces or services and customers, "you do business to customer needs" Derek Hansen, founder of American Capital Access "if you are not sensitive to the needs of customers. Do not know who is the customer. Know how to reach customers and critical knowledge that will motivate customers to buy products or services that you do. You must ask for help then. "
Good marketing plan is a factor leading to success. This will need to know about your market. Analyze the current situation and trends in c Waa want your product or service. Analysis of problems or obstacles and opportunities to market research, market location prospects. Your product or service in any class. How you will sell. How much set. Advertising and promotion do. Before you create a plan. Efficient of you. You will find real information about your products or services. Will need to enter the library. Meetings with clients. Studies of advertising for other businesses. As well as competitors. And consultant who specializes in the organization. Associations related to your business. When you collect data and then put clear by writing the following list.
Details about each business in the following.
Goods or services.
Location in the sales market in each area. Divided into sectors in the province or abroad. Advantages or features of goods or services.
Price.
How sales and sales support.
Distribution methods.
After-sales service.
Details about the customer.
Based on age, gender, income customers and neighbors.
Customers know about what products or services such as direct sales from advertising flyers spread widely Yellow Pages.
How consumer behavior is like. Where customers buy. Read what customers view what anyone listening.
Why customers buy products or services such as quality, comfort. After-sales service.
Product reliability. Buy products easily affordable.
What customers are not satisfied. Such as product or service. Then how much more satisfied customers.
Details and budget plans.
Marketing methods used.
Methods used successfully.
Compare the cost of sales.
Compare the cost of one per customer.
How to market a new way to draw new customers.
What percentage of your earnings will be used in marketing.
A hand is what the market such as advertising in newspapers, magazines, yellow pages. Radio ads broadcast on television by mail by phone. Or with social activities such as sponsor various social events, meetings.
How to test marketing concepts.
How to measure the market to do.
Marketing tool that you can do immediately.
Object of desire is to support sales. Information from your communications to customers. Encourage customers interested in your product or service. Attract customers to purchase additional sales. Another important thing is. Make sure the market is doing to you. The customers you really want to attract. Because the current market is much different.
3. Know the status of competition and competitors.
Pair of competing with someone where you are doing is. How will you compete to win. You will produce what products or services to the selling point of the prevailing competition. Learn how to sell advertising market distribution. Promotion or sales support. And after-sales service is what our competitors.
4. Knowledge of government policies promoting.
Find information or resources to trade promotion funding or services to support businesses. Whether the Ministry of Education Institutions Bureau, Department of any nation. Such as the Department of Export Promotion to support exporters to exhibit abroad issued by the costs in part. And operators must observe trends that another 5 to 10 years the government will support what.
5. Long-term financial planning.
Financial problems are one of the main reasons that businesses miss. Since the start of the small business loans will be harder for large companies, however, owners who borrow money could be closing too quickly because no money. Capital in the operations during the critical first 2 years of operations. So before you start business. Are much needed to plan how much money you want. To establish the amount varies. Trade or manufacturing operations to fund more services. And depending on how you are. You also need to ask yourself whether you need money to do anything. To much. The funds for business development is not expected or not. When and how to pay back and pay. You can undertake in lending money or not. You can avoid financial crises will occur from lack of capital in the future by following the instructions below. Presented by financial experts for small and medium enterprises is Hinden, Owen, and Engelke maintain good relationships with many people to borrow or evaluation requirements and prepare financial statements before they begin to borrow money. very reasonable as possible. Written loan contract every time. Do not think that silence is approved loans. Do not use interest rates as key factors in determining the request for loan. If borrow from one source would not surrender or do not think the lender will not allow anyone with a forward observation point changes in the business always. Savings does not mean no money. Not limited to the capital that banks only.
6. Accounting.
Many operators may think that hard work or the market is important. However, point-point operators must focus is "balance" in the operations or management tasks. You need to use numbers to. And you can not do business. Without proper accounting system. To use as a tool in management. Incomplete information is a serious error of operators has, however, if you make the system easier. That can be done with time and at minimal cost. In addition, financial information accurate and complete to help you plan your move. Business growth in the future. Account for the resume book. Which must be accurately reported sales variable costs, fixed cost overhead. In operating profit and loss of inventory tax debtors and creditors. It also includes comparisons with the current fiscal years that results. Money management and budget targets, how successful different.
Into account how the principles are 2 main methods are the main cash arrears.
Main cash income is recorded when received. And costs into account when the payment is real. But with major arrears. Will be recorded revenue and total expense incurred that are not funded. Or not received. And pay or not pay. When payment is received or that it will need to hold an account with. To give you a good accounting system. You should consult a financial adviser or an accountant in particular.
7. Practice management performance.
The core business consists of planning, organization and implementation of business controls that are not successful mostly due to management errors. Main rules of the Small Business Administration is to know that you are standing on the spot where ever.
Examples of errors that often occur with the executive.
Hiring the wrong people.
Training employees is not appropriate.
Trying to do too.
Time management mistake.
Expand too much.
Whether or economic circumstances are good or bad. Not about the administration. Some executives may have an opportunity to change the barrier. Although the adverse economic good may not be good time management. To be a successful executive must lead by good. Several experts. People believe that the characteristics of a good leader must have the ability to motivate and recommend ways to attract attention. And must have skills that will yield a high rate. And can control the satellite to meet the target. Good leaders must be flexible. Because the situation changes all the time and satellite related.
8. Sell a product or service quality.
Quality of goods or services is to maintain the company's success remains forever. If you do an excellent marketing strategy could lead customers to the next door to you. If your item is not customer satisfaction. Customers are not buying your products again. If customers used to talk to another. It will further damage our business. Therefore, you must know the advantages and disadvantages of your product or service. If it's already better to treatment. Or better. If not good improvement to meet customer satisfaction. Heart of the business is customers. Therefore, customers need to understand and very important clients. Design or customer service needs. Development standards of product quality and value of goods is always good. If the quality of the product when you fall. When is your competitors will interfere immediately.
9. Hiring the right people.
People with good performance may be the main mechanism that leads to success was "one of the most difficult task of furniture is to establish a good and raw materials. Reliable employees, "said one owner who. And that one thing is more difficult to manage. Having good employees is critical to the company. But leaders also need good motivation to work with. In the employment process is not inadvertently. Before the job postings. You must set position. And job duties. Educational qualification and experience you need. Salary and benefits. You must consider the number of hours per week to do. Number of days per week on sick leave, vacation leave on a training mission to retire. Of Assessing. Raising dismissal.
Methodology employment and training should be well prepared to have qualified personnel and work effectively. Sources you can search employees by advertising in newspapers. University recruitment agents, etc..
Any source you choose depends on the features you need to hire staff. After you read the job profiles and application then. To test candidates that fit the position or not. The interviews. Or check with a reference to how that worked. As the interview only asked about work that had to do was to ask what time the interviews that do not forget to assess what is not in the personal history is the brightest human skills. And willingness to work. Once you have selected people then. They need to build a good charitable work for the patient with skills to communicate better. Or is genuinely listening audience well. And the other is human. It is important to develop relationships.
Owner of one of "The hiring good people. Develop appropriate relationships. And make employees part of the operation is key for business. Successful "even if you hire the right people. A system to award any appropriate. And a good relationship with the satellite. You may have problems as well. This is the nature of the business.
10. Choose the right location with the goods or services.
As the selected goods or services, personnel selection and location are key factors to success as well. Place to store your set should be decided in advance. Should choose locations based on type of product or service and target customers are. Primary than personal comfort.
If your business is a retail business location, your location should be busy. Both pedestrian and vehicle should be considered with the car park. Mass transit. Metro bus station parking appropriate to the business district. If you rent a place. You should ask why the previous tenants to relocate. Ask to try the most about locations and customers. Beware that if the building is rent availability may mean much any place that the economy is depressed or in developing new environment.
For manufacturing and services. Should be located near sources of production close to customers and facilitate the shipment and comply with regulatory regions, as defined for future growth. Factors in selecting a location below.
Sources near customers or prospects.
Is in the source material.
Area can easily find workers.
Convenient transportation.
A car or pedestrian over the many. (Especially retail and service outlets).
Parking is adequate.
Have full facilities such as water, electricity telephone.
Mission in December to extend the model, the sources in the future.
A source of business.
The police and fire station quality.
No comments:
Post a Comment