Tag Archives: business tips

3 Most Essential Factor in Starting a Business

Do you ever wonder why some business succeed and some do not?

Small opportunities are often the beginnings of great chances.

Small opportunities are often the beginnings of great chances.

Some would answer it in a different angles but even what their answer is, we must always consider these things:

  • You have to love what you are doing and where you are in.

They say, “The only way to do great work is to love what you do.”

Even though you have a very big capital for your business, you have a very well trained workers and you are in a luxurious place but if you do not love what you are doing, I’am pretty much sure your business will not succeed. Sooner if not later, it will close and it will just be considered as a failure.

We always have to remember that love the things we do. If we do not love it, we should learn to love it. However if things really do not go there way, business is not for us. We really have to accept that having a business is not suitable for everybody.

However, there would always be ways for it to be successful. If you are not in business but you are good in fashion, why not consider selling clothes that you have designed? In this way, you do what you love and like and at the same time you earn a profit.

  • Ask help from others

If you are really into business but you don’t have any idea about it, you really all have the right to ask help from others. For sure you have family members, friends and relatives who ran businesses of their own. You can humbly ask for their advice and support. Anyway, it is still considerable because you are a newbie.

A simple advice in this tip is that make sure that you do not show them that you are a threat to their business because for sure they will not help you. Present yourself to them that you are in a friendly competition.

  • Manage your resources very well

If you have established already and everything is settled,  the first thing you have to put in mind is you have to manage your resources very well because even though how rich and how successful your business is,  if you do not manage your resources very well, your business will fall. We also don’t want that to happen right? That is why we should make use of what is available and we should think of an idea that is not so much expensive.

I hope these 3 essential tips on starting a business helped you a lot. I do not agree that business is purely on the luck of the person but on the hard work, perseverance and effort he offered for the success of his business.

For business minded people, I know this article could really help you a lot. For anyone who is thinking to start a business, this is for you and for the people who don’t have any heart in business, you can share this article to your families, friends and loved ones.

Mediocre Business Owners Go Broke – Excellent Ones Get Rich

You MUST have a standard of excellence in business – not just a standard of mediocrity, like most business owners.

The truth is that mediocrity makes you broke. Excellence makes you rich. Want to get rich? Go for excellence.
Get Rich In Business picture

Want to get rich in business? Then say goodbye to mediocre.

Ray Kroc’s Obsession With Cleanliness

Think of McDonalds and their standard of excellence. No, I’m not talking about the quality of their food… I’m talking about cleanliness. Ray Kroc was OBSESSED with cleanliness. There are many horror stories from old employees of McDonald’s who were scolded for not keeping up with Ray’s standards for cleanliness.
Why did Ray Kroc obsess about cleanliness? Because it was a standard he knew was important to his customers – and he knew he could deliver it to his customers. He knew customers would pay more money and visit his restaurants more often if they were cleaner than his competitors. Was it his only standard? Of course not! But it was an important standard.
What are your standards?
Where in your business are your standards lacking?
What standards do your customers actually VALUE (and are willing to pay for)?
How can you give your customers more value in the areas that they want it?
Will your customers pay for that extra value? (Maybe, maybe not – either way, add more value if you want to get rich).
You have to be SO GOOD that your customers say, “I’d be crazy to do business with anyone else.”
Excellence creates raving fan customers.
Raving fans buy more (leading to a higher lifetime value of your customers and a higher ROI on your marketing).
Raving fans talk more (more word of mouth marketing, faster growth, less refunds)

Success and Motivation Podcast

I just recorded a podcast of me explaining this in more detail – and how you can apply it to your business NOW to increase your profits and say goodbye to mediocrity  – once and for all. Click play below to listen to it.