| |
| |
|
Small Business Information |
|
|
|
How to Achieve Real Success in Business: Five Breezy Tips
Achieving real success should be the goal of any good businessman. But what is real success? I believe that it is no just money, or instant growth. In my opinion real success is composed of the following factors. Good growth, good reputation and above all peace of mind. In this short exposure I try to elaborate on five factors pertinent in achieving this real success. 1. Do your homework and planning Before starting a business you should study the background carefully. Many people ends up as losers only because they starts a business seeing the outside glitter. So talk with people doing similar business, customers and various others who are involved in similar business lines. 2. Be straightforward. Even thought businessmen are believed to be cunning, a cunning person never gets peace of mind. It is always better to do things in the clean way. This does not mean that you should be foolish or to be cheated by others. You should be intelligent enough to understand others cunningness, but should be straightforward in your dealings. 3. Don't be greedy Greed in any form is likely to cause peril in the long run. Taking huge profit from an unaware customer base may increase your growth temporarily, but will surely affect you in the long run and may even result in the collapse of a business. History shows that many business empires achieving such abnormal growth tend to terminate quickly. So insist on steady growth even if it is slow. 4. Insist on quality Delivering a low quality product or service at a lower cost may increase your profitability, but is likely to obliterate to you in the long run. The customers now satisfied will turn against you when low quality shows out. Also remember that bad reputation travels faster and is difficult to remove! So insist on quality products and services even at a higher price. 5. Don't gamble in business. Remember that Murphy's Law applies in business many times. So indiscriminate gambling may result in the collapse of your business. This doesn't mean that you should not take a calculated risk. But you should be able to survive even when things turn against you. Kannan Balakrishnan is a faculty in Computer Science from an Indian university. He can be contacted on kannanb@post.com.
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
Financial Dose for Business The goals of businesses have undergone much evolution from the times when entrepreneurs were content with anything that they received above the capital invested. Businesses now want to expand their reach globally, riding on the wave of technology. Small Business Strategies - Four Critical Success Factors Scenario OneDuring a recent presentation, a business owner was given the following challenge. If 10 of his 100 employees were asked to name the top 3 organizational goals for the current year as they perceived them to be, would he receive the same 3 goals from everyone or would he receive 5, 10 or even 25 different goals? The business owner shook his head and thoughtfully responded, "No, I am sure that I would receive more than 3 goals. Practical Money-Saving Tips For Small Businesses One of the primary concerns all small businesses have is saving money. When it's time to trim the fat, most look for one giant expense to decrease or eliminate in order to stay within budget. The Most Important Decision of Your Massage Business Career Don't you find that there are so many decisions you need to make each and every day regarding the direction of your massage practice. Especially if you are a solo-preneur or own your own massage business. More Business Card Uses Why would you use an event pass?Event passes are often used as giveaways to entice people to attend some event. You will find that most time-share companies will have passes to be used to attend their spiel, plus they also give away other goodies. Entrepreneurs Ask: What Can a Virtual Assistant Do For Me? Great question!Freeing your time is an indisputably key element in growing your business! When you delegate tasks to the capable hands of a professional Virtual Assistant (VA), you can quickly and easily refocus your energies on other aspects of business directly linked to generating revenue.Partnering with a professional Virtual Assistant will:Increase your revenue. Advertising - For Small Businesses (Part 1) Is it right for you?If you decide to advertise your product or service then you must ask yourself - "Will potential customers read this publication and will they take action having read my ad?"National newspapers - Read by a huge cross section of the population. If you're inserting a display ad then it would need to be professionally designed and you'd need to be in it for the long run. Creating Time the Virtual Way Time. As a small business owner, it's the commodity you covet most but never seem to have enough of. Old Data in Database Marketing Software Database Problems in MarketingI have been working on a direct mail campaign for our team in many areas and we are finding that the yellow page listings and business list CDROMS contain so many closed companies that we are spending too much on the mailings, which are opened a little less because of the anthrax scare. Even customized lists are of little value. Analyzing Customers in Your Business Plan The Customer Analysis section of the business plan assesses the customer segments that the company serves. In it, the company must 1) identify its target customers, 2) convey the needs of these customers, and 3) show how its products and services satisfy these needs. Environmental Boat Washing and Detailing Some marine biologists feel that the concentration of dead marine growth on boats and in boat harbors can create hypoxic zones or a lack of oxygen. This causes a decline in the water quality and may at times cause adverse effects on living marine life such as salmon in the case of the State of Washington. Carwash Franchisor Case Study There are only a handful of car wash franchises in the world. This might offer some insight on how car wash franchises come into existence. How Small Business And Nonprofits Can Afford Multimedia For The Web Multimedia is everywhere on the Internet, whether in the form of floating ads at major websites, streaming video or animated presentations. Of course, there is a good reason why multimedia has become such an integral part of the web experience: it's an effective tool for capturing attention or provoking visitors to buy or contact the site owner. Concrete Cleaning Discussed at World of Concrete Expo 03 If you are in the pressure washing business and are serious about what you clean on the ground floor, I suggest you attend the WOC. The WOC is the World of Concrete Expo in Las Vegas, which is held once per year. Top 10 Record Keeping Mistakes Business Owners Make (and How To Avoid Them) If you interviewed business owners of failed businesses, a majority will tell you that they didn't understand or feel comfortable dealing with the "book work". Your ability to understand and perform day to day accounting tasks in your small business is a critical success factor. Motorcycle Detailing Procedures Manual Sample Outline If you are a motorcycle detailer and need to expand your business you will need to have several crews working for you. Each team will need a team leader and/or manager. Are You Ready to Own and Operate a Business? How often has someone thought of starting a business based solely on the fact they think it will be easier than working for someone else. Fact is, owning and operating a business can be one of the most grueling experiences you will have. Environmental Pressure Washing in Pennsylvania If you run a mobile car wash, mobile fleet washing company, mobile auto detailing business or a Pressure Washing firm in Pennsylvania there are things you should know. Pennsylvania is serious about cleaning the environment. Two Types Of Business Plan Cover Pages - Which One Are You Using? This is the tale of two business plans with very different cover pages. They both contain a unique and exciting business opportunity with the potential for high investment returns. Finding the Right People for your Business Where do you find the right people for a business relationship?Finding the right people may not be as difficult as you may think. Quite often they are in your neighborhood and within your inner circle.
|
| home | site map |
| © 2006 |
