Top7 Strategies For Business Success
1. Planning, Planning, Planning. 2. Funding a Successful Business. 3. Branding, Marketing & Image. 4. Sales to Drive Revenue. 5. Managing People, Process & Benefits. 6. Operations & Accounting. 7. Technology that Matters.
Planning, Planning, Planning A business plan helps the business owner to think through issues and understand problems. It’s the shorter-term plan — 12 months — as compared to the longer-term strategy plan.
Funding a Successful Business Adequate and appropriate funding is an ongoing necessity for a healthy business, he advises business owners to develop a relationship with their bank before the need for a loan arises.
Branding, Marketing & Image Branding and marketing is an essential part of business. “Take the time to understand your customer and consider how your customer reacts to what you’re saying.”
Sales To Drive Revenue A new technology or “best” of a product or service may be the foundation for establishing a business.
Managing People, Process & Benefits A lot of attention has been focused lately on healthcare, as discussed in the three-part healthcare series that concludes in this issue.
Operations & Accounting “Accounting is important when you’re starting a business.Keep your business account separate from your personal account. A lot of small businesses start with the personal credit of the owner to give the starting point.
Technology That Matters “Technology is important for its ability to help all businesses scale — to provide repeatable and consistent results with what they do for their customers.”
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