Better be the head of ants than elephants. Once pretext entrepreneurs. Entrepreneurship is very tempting. With the right attitude, success is not just a dream.
If you look at Bill Gates or Mark Zuckenberg, would you be tempted by their extraordinary wealth. But are you aware, that they also start from their small business. And none of those who guessed scored a success as it is now.
Startups that turned into a successful company worth billions and even trillions, no difference in the business world with lottery winners. Putting all your money and hope to get the jackpot, you are going down.
Here are 10 rules to start small businesses. This list is to make you aware of the fact, rather than frenzied chase your dreams in business.
More realistic. When creating a business model, look around and find a successful example of a business model that you want, and learn. If you can not find, whether you exceptional genius, or your business model will not succeed in the real world.
Do not invest their own money. Since most business is a risky trip, look for a partner. So, if everything does not go all the plans, you're not going to go bankrupt due to start-up funds before, and did not pursue the debt.
Enslave yourself. If you are not willing to work hard, overtime, forgo personal gain and health, entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even employees who are cheap. So, your employees, is your own.
Respect the time. Give a monetary value on your time, for example 2 dollar per hour. This will help when you have to make a decision: If a store charge 1 dollar for shipping every week, and it takes 2 hours to go to the store by yourself, then pay continues postage from the company, because it is cheaper. It may be against the rules to 3, but even though slaves also have economic value.
Recruit employees well. Regardless of the size of your business, you will eventually hire employees from outside. To that end, do the recruitment process carefully, without haste, and treat it as important when you start a business. It is unfortunate the attitude of business owners who have a vision for their business, but hiring employees that actually prevent him achieve that vision.
Sell the benefits, not the price. When you start a business, naturally you frustrated memasarkannya.Tapi, if you compete on price, you are ultimately the selling price of a mediocre or even below the capital. Master the skills to communicate with customers, to explain that the higher the price of your product because it has better value.
Know basic numbers. Knowing how much money you need for running the business - from the rental shop, electricity, employee insurance, until the price of printer ink, paper, and taxes. So for all that with how many days in a year you will open, and ... that's the basic numbers - the minimum amount of income that you need every day. If you do not ever think about the basic numbers, think again.
Use the latest technology. Newer technologies such as applications and data in cloud technology penyimpaanan very cheap and make a small company can compete with larger companies. Take advantage of low-cost technology available in the market.
Treat vendors well. Treat your vendors and suppliers as possible, just as you treat customers. They may give discounts based on the volume of your reservation, or even in order to maintain good relations, and hope there is an increased volume in the future. Good relationships make them also can understand the delay in payment, even providing free shipping.
Be the best. You should not be half-setengah.Setiap things you do for a client should be is the best. Whatever you make and sell, must be the best. Do that continuously, and the power of word of mouth will spread. (Source: The Washington Post / Slate Magazine)
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