Hello, all steemers!
Often business books and textbooks teach us about learned phrases and actions that often do not turn out to be right.
The theory always has major differences with practice. That is why there is a huge percentage of failed businesses and there are fundamental gaps in business development. The business concept is very simple, as well as life. We are the ones who complicate everything. Here is my concept, gathered in 10 sentences that will change your views on business and improve your business thinking!
When a company has financial problems, it never has to cut people to save money. Human resource is the most valuable in a company. It creates added value, which then generates revenue.
Do not follow the rest. That a business has succeeded in a niche does not mean that you will succeed. You have to be very prepared, different and better to be able to generate big profits to support your business. And after you, there will be more people in the market niche, and eventually everyone will share small profits because the sector is running out.
Quality is first. Believe it or not, you can give 90% of your planned advertising budget to use it to develop and improve the product. This way you will have the best product and everyone will know you will talk about you, the ad will be done on your own.
Solve problems, be useful and bring value. Just create a reason to buy you, but not just that. This will create loyal customers. Do not do business or product to be just on the market!
No business can do without marketing. Marketing is a major pillar of the development not only of a particular product or service, but of the whole business.
Do not rely on just one cash flow. Make sure that your business has at least two cash flows, one of which is on a regular, regular basis.
Negative feedback is most valuable to your business. Never overlook it and look for it. Ask, be interested!
You can not be perfect either as a business or as a product. There is always something to improve. Look for the change, do not be negative to it.
Do not make individual decisions. Often, emotions also come in, and they interfere with the objective solution. Ask your people, they are part of the company, they have an opinion and, most importantly, a different point of view.
The flat organizational structure is the best solution for the long-term building of a value system in the company and a cohesive team. You are all equal, regardless of wages and responsibilities. First we are people, and then we do business. Loyal staff and low turnover will bring great value to your company in the long run.
The thigs is simple, right? Just do it!
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Photos - Google