Stocks are increments of ownership of a corporation. This is difficult to deliver without good systems in place, unless you are everywhere, making sure everything is done correctly. A great cook may have incredible accounting skills, but that doesn t matter in the kitchen of the new restaurant. Know your numbers, manage your financial systems, and watch your bank account grow.
Background information on Strategy
There
is nothing
mystic, nothing mysterious in the applied method of the really resourceful men in this day of great successes, of marvelous achievements in business enterprise. Make
it your priority
to look for the good instead of pointing out the bad. In
marketing, we use
the term mass markets and niche markets to describe how broad or specific the group of people we are trying to reach to sell our product or service is. Investors
are not simply
writing out checks with no idea of where the money will be spent.
Prioritizing your entrepreneurship to get the most out of your Business
Give
your people weekly
opportunities to perform, to learn, and to train others. It
determines how it
will be received by the market, and therefore determines its success. And
you've got to
get focused on customers who want what you have to sell. You
ll learn to
speak your customers language, and you will be able to communicate with them more effectively.
Produce consistent results in Sales
A
characteristic of the
business world to-day is that its institutions, empires in themselves, have grown to be too large for the handling of ordinary men. A
local auto mechanic
could hold clinics for their customers every quarter on how to keep cars running in tip-top shape. Does
this mean you
should ask for a good deal more money than you actually need in your plan? However,
the investors -
called equity owners or equity partners - may sell their ownership to other parties.
Ongoing employee training
Successful
entrepreneurs learned long
ago that micromanaging people and processes doesn't result in much or enough profit. Good
trained help is
a result of you making people a priority, building a great place to work, and having systems in place to make sure your people are recognized, motivated, and on track to meeting their goals. If
there is a
liability issue, real or apparent, acknowledge it and describe how you will deal with it in your plan. Sell
something to everybody--what
the customer wants if you have it; if not, what he doesn't want; but at any rate, sell him something.
Sales secrets
Affiliate
marketing is a
partnership between a business that has a product to sell and another business that agrees to promote that same product in exchange for a commission. What
measurable targets can
your employees use to hit the goals for their work? Put
the highest priority
items at the top. You
gain customers, clients,
or readers once you have been able to put yourself in their shoes and speak their language.