To Maximize the profits of a small business you need to increase sales. To increase sales, you need more customers. To attract more customers and keep them coming back, you need to improve your business constantly.
Every business environment has it's own special technique of operation. knowing and understanding all 15 key elements will help it start off successfully. Not knowing, will make it more difficult to survive.
The 15 Key elements are:
1. Begin with an Idea. There's always one right in front of you.
2. Start Small. It's much better than starting at all.
3. Earn a Smaller amount first. It's good practice before earning at a larger scale.
4. Think with a vision. Always look at the Big Picture.
5. Keep the Faith. Believe in yourself and your business even when others don't.
6. Ready, Set, Go! If you think too much about it, you may never start.
7. Profit or Perish. Increase sales, decrease costs. Anything less and your business will perish.
8. Be Positive. Overcome obstacles by keeping a positive attitude.
9. Continuously Improve Your Business. It's the best way to attract more customers, and generate sales.
10. Believe in Your Employees. Build trust and credibilty.
11. Never Run Out of Money. this is the most important.
12. Attract New Customers Every Day. Keep awareness and trial in your plans at all times.
13. Be Persistent. Never give up. You only fail if you quit.
14. Build a Brand Name. Earn your reputation.
15. Opportunity waits for no one. Study it. Go After it.
All successful businesses offer their customers something of value, but that's not enough. Customers constantly evaluate what they get against what they pay, and their criteria for making repeat purchases are very simple. They want everything: better, faster and cheaper! Even if you're clever enough to build a perfect business the first time and your product or service is ideal for your customers, your
position will eventually erode because the marketplace is not static.
Your product or service may be unique, but it's not as though someone blew the whistle and stopped innovation. Sooner or later, and very soon if you're noticeably successful, other businesses will copy you. If they can provide a similar product or service better, faster or cheaper, they're going to surpass you.
Never forget that as a business owner you'll be in a constant race against an ever-improving marketplace and no matter where you are in the hunt, making improvements is a daily necessity.
One common mistake when trying to improve any of these 15 key elements is if procedures are constantly changing trying to improve a better system, there will never be a stable operating business. A knowledgeable business owner should not let this happen instead, set a standard of operating procedures and implement these key elements into a company policy making it the golden rule.
About The Author
Steven Boaze, Chairman, is The Owner of Boaze.com Corporate Web Solutions Which houses Web Development services. Steven is also the author of two successful Books along with numerous articles on Marketing and Advertising published by Boaze Publishing.
http://www.boazepublishing.biz
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