Don't give up. Unless you are focused on making money, know what it takes to make a profit, and have systems in place to track and monitor your progress, it won't happen. Watch for opportunities. As a small-business owner, you have to be more selective.
Distribution : the lifeblood of your business
A
decision tree compares
the likely outcomes of various courses of action. If
you are doing
well, you may do better. When
you continually solve
everyone else's problems, your people can't grow or become the best they can be. Newspapers
boom themselves in
like manner by publishing their enormous circulation.
What is the perceived risk level?
Positions
can always be
created. If,
in addition to
these powerful inducements to patronage, you combine shrewdness in buying and cautiousness in trusting, if your goods are excellent in quality and generous in quantity, if your place of business is neat and attractive, and your service marked by promptness and politeness; then it is impossible to fail; you have all the elements of prosperity, and are certain to be a great and successful merchant. Save
your best material
for the words you speak. Here
are a few
of the ways in which this is to be done.
Why should customers only buy from you?
The
development of business
is one of the marvels of the new century. But
today man has
adopted long and roundabout methods of producing goods, involving numerous steps between his first efforts and the turning out of the finished articles. In
fact, if you
can show you re probably going to be growing a lot, you may be in a better position to negotiate terms with your suppliers. A
longer-term loan, up
to 20 years, may be used to purchase a piece of long-lasting capital equipment.
Be patient while searching the web
At
best, it will
make you look less than careful. Ask
lots of questions.
The
following methods will
fairly compel the people to trade with you, but you must bear in mind that as soon as the influence of one device begins to flag it must be immediately succeeded by another. What
if you raise
prices, invest in staff training, and reduce duplicative efforts?
The key to failure is trying to please everybody
Put
the highest priority
items at the top. The
philosophy of business
is concerned with broader meanings of business as a human endeavor, including whether business is fundamentally an economic or social phenomenon, the moral obligations of business to society, the degree to which government should regulate businesses, and the differences between business operations and meanings in capitalist and socialist societies. (When
I took a
hard look at our overhead costs a few years ago, I found that people were abusing the company accounts and ordering more things than we needed.) Consider outsourcing as much as you can to cut your overhead, including payroll services, employee training, scheduling, marketing services, safety programs, and equipment maintenance. Coordination
involves devising solutions,
joint experimentation, motivation and organising and ensuring particular courses of action but without hierarchical authority.