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A Few Tips for Running a Successful Business
Posted By: hierh2dm;
Category: Business, Finance & Industrial;
November 27, 2008
Author Dana Hierholzer;
Tags:
business;
A few tips to keep in mind when opening a business.
1
Employees are the heart of your business. If your business deals directly with customers, than the personalities of the people you hire will determine your success rate. Do not take hiring a staff lightly. They can be more important then the actual product or service you are selling. Once you have good people, make sure to reward them. Incentives for employees are essential. A happy staff will work harder for you.
2
Planning ahead is the key to the execution of successful marketing. A majority of advertising has to be completed six to eight weeks before the promotion will actually run. Continuous forward thinking and always being a minimum of one month ahead in advertising is a fundamental step for success.
3
Technology is a very important thing in running a lucrative business. Various computer programs are continuously being developed to help the entrepreneurs of the world get their work done more efficiently. It is amazing how much these programs can do for tracking leads, budgetting, payroll, marketting, and much more. Not-to-mention, advertising via email and internet is a must now-a-days. If you are behind in any of your computer skills, get enrolled in a class at a local adult learning center. It is vital to your business to keep up with modern technology and let it work for you.
4
Always plan for the worst. I know this seems like a very pessimistic attitude, but it can save you from getting into a situation that you can’t climb out of. Do not open a business without adequate funds with a significant built-in cushion. Keep in mind that estimates usually run well under actual costs.
5
Make sure to set goals, both short and long term, and then track them. Short term goals are often more useful then long term ones. If you are trying to grow a business with customers, set a specific number to increase your customer base by from month to month. It would be best to make these goals a part of a detailed business plan. Never start a business without a well thought out plan. Contact the chamber of commerce in your area for free information on contructing a business plan.
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