How You Can Succeed in Business
9 Helpful Tips
1. Remember why you entered the business in the first place.
What attracted you to this business or industry?
2. Be totally disciplined to your value proposition.
Of course, this implies that you have a good, strong value proposition. Take the time to develop your value proposition.
3. Focus on your customer.
If you aren’t really listening to your customers and following through on their suggestions, you won’t win.
4. Don’t ever stop innovating and building value.
Sure, you may have some early successes, but don’t rest on your laurels. Keep innovating!
5. Spend every dollar as though it’s your last.
You should plan your business strategy so that if you need money, you can get it, but that the decision to take that money is a choice, not forced upon you.
6. Build your business to be scalable and adaptible.
How will you know if you are doing this? Use metrics to gauge your results.
7. Be in it to win it.
Your employees should feel the same way too. Their enthusiasm for the business should shine through everything they do.
8. Build a good company and good products. THEN focus on your exit strategy.
If you concentrate on your exit strategy before you’ve build something good, then you won’t succeed.
9. Have fun!
Read the full article at: http://nancyloderick.com/2012/03/23/9-tips-for-succeeding-in-business/
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
Growth for women-owned businesses.
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