Business Success Tips
Running a small business that reaches success can at times be difficult, but not impossible.
31. Test and measure everything
You cant change what you dont measure, and you cant tell if a program or strategy is working if you are not faithfully testing, measuring and tracking your results.Another way to look at this is to think in terms of doctors. Most like to get baseline stats of your heart rate, blood pressure and breathing before they delve into identifying symptoms or recommending corrective courses of action.The same is true in your business. Why keep literally throwing money away on an ad campaign that costs thousands of dollars but doesnt bring any people through the door?
32. Accept that learning more equals earning more
If youve never run a million dollar business, you dont know how to start a business simple as that.But you can learn to run one, even if it is your million dollar business you are building from the ground up.However, you need to accept right now that learning always comes before earning (except in the dictionary). Youll need to be committed to learning as much as you can about sales and marketing and operations if you want to have a truly success business.Once you do that, however, the sky is the limit. Knowing and applying those simple fundamentals in a highly leveraged way is one of the reasons may top executives and entrepreneurs earn so much.Identify those areas and you then can decide to learn it yourself or hire an expert and learn as much as you can from that person because you never know when you can run across a distinction in thinking or a strategy that can really take you and your business to a new level of success.
33. Dont discount add value
Whenever you discount, you are taking money directly out of your pocket and directly from your bottom-line profit. So dont do it. Instead, create added value propositions all the way up and down your product or service line.Whatever the industry is, look to hold your price points, increase your margins with the low-cost or no-cost extras and any kind of freemium offerings.In the end, those little things wont cost you a lot, but will build up tremendous goodwill and word-of-mouth with your customers and customer base.
34. Get a coach
Even if you dont get a business coach at first to help you and guide you in your planning and operation, get someone who is objective and outside of your business you can rely on for nitty gritty business advice and to hold you accountable to getting results.Too often, we think we have all the answers and are the only people who can really get things done. The reality is that another set of eyes can work wonders for how you operate both on and in your business. An outsider can also make sure you are getting the numbers you need both on the top line and the bottom line to survive.
include '../footer1.php'; ?>