Beyond the initial stage of entrepreneurship

Source: Internet
Author: User
11 tips to help you go beyond the start-up stages of your business. If entrepreneurship is easy, everyone will do it. But they didn't. Only those who believe they are entrepreneurs in their hearts will act-even if you deny that entrepreneurship has been burning in your body for a long time. Use that burning desire to drive business growth, but simply saying and practice can be far from it. Most people feel the resistance, it's too hard, they can't keep their enthusiasm for the first few months or years. Here are a few tips that might help your business improve in size and profit. 1. For a particular position, hire a stronger professional than you. Obviously, the enterprise is built by people, the most outstanding personnel to create the best and most profitable enterprises. In simple terms, paying more than 20% to 30% of your employee's salary will increase your productivity to a more modest level. Invest in the best people. 2. List the most urgent things in the schedule. You can do anything every day. When I start my business, I will work tirelessly until the meal or rest time. Too many people see their careers as a nine-to-five job. If you can do it now, don't put it off till tomorrow. 3. Turn consumers around. Revenue comes from duplication of business. Few business owners plan for long-term success. Your business will grow when you are grasping existing customers while still gaining new clients. That's the way it is. What if each of your customers is the same for life? How many regulars are you going to have? 4. Rapid decision-making. New businesses don't have the time or resources to settle down. H. Norman Schwarzkopf said to me, "as long as everything is in control, act." "He also believes that it is better to make decisions and think than to maintain the status quo." 5. Move faster than you promised. If you tell the customer that it will take three days, send it over in two days. If you feel like you need two hours, make a commitment for three hours and then surprise them. This is a wonderful method of marketing. 6. Price according to profit. Don't always do cheap things. You're just a little guy and you don't have economies of scale. Big companies can win in numbers because their marginal costs are diminishing. But you can't. 7. Don't spend a penny. You don't need to buy a new desk, you just need a cheap one. Too many new business owners will buy the best gear because they think the image is important. Listen, when you make a profit, you can buy a big mahogany desk. And at the moment, just buy a table. 8. Set the Blueprint. "To a small beginning, to Da Cheng" (Start Sgt, Finish big) can be used as the title of your planning book. Don't target Montana the best dog trainer-it's the best in the country. Remember, building a business is a ten-year project, not a year. 9. Marketing is not math. Don't let an ad sales rep teach you anything about marketing. Sales reps only talk about things that don't work, like, "Half of your ads have been effective,Half of it doesn't work-but you don't know which half. "That's nonsense. If an ad that cost you 100 dollars brings you a profit return of 100 dollars, that's good advertising. There is another hint: advertising is meaningless when your business is not profitable. 10. Learn to Sell. If a business owner doesn't want to sell or learn to sell, there's nothing worse. No company can make money unless you sell it, and you can't rely on those employees to sell you. If you want to make your business profitable, you must learn to sell it yourself. 11 is simpler than you think. Before most people do business, what they do is much more complicated than it really is. Business is really simple: sell on a profit basis and keep it going. It is no use complicating the process. If your business looks too complicated, you may have to--make it simple. Remember, you have a lot to learn--that's a good thing. You will make mistakes. In the start-up phase, you might as well try a small business. Don't gamble on big business.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.