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Tips For Bussiness Sucess

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  • Tips For Bussiness Sucess

    Hi

    * Talk the language of your target segment: If your customers are the baby boomers, you need to talk in a language that they will understand. The older generation has a value set thatf1 s different from the ****s and *****s of today, and it is this core set of beliefs and ideas that you must take advantage of to position your services as the best in the business.

    * Broaden your repertoire: If you re marketing products related to fitness, don t just settle down with a showroom and an office. Set up a gym, get customers to try it out for free for a day or two, provide them with a whole package that helps them reduce weight and become fitter, and organize events to create and increase awareness of general health and the importance of exercising. This way, you re increasing your profile even as you remain in the same niche.

    * Maintain an online presence: It s a reality today that everything is going the way of the World Wide Web, from newspapers to shops. You can buy and sell anything on the Internet, gain any kind of information you want, and pretty much do anything you want except touch and feel people and things . So it s important that you set up a website and a blog and also maintain a presence on social media like Twitter and Face book so that you re able to keep a finger on the pulse of your customers thoughts and ideas.

    * Expand through innovation: You could expand your niche by focusing on a sub-field within the same if feedback from your customers is positive. Alternatively, you could position your product in a different way so that it appeals to a target group different from the one that comprises your present customer base.

    Keep sharing and reading

    Thanks

  • #2
    Re: Tips For Bussiness Sucess

    Ohhh very very thankful to you for sharing awesome info I also want to contribute According to my point of view first of all build strong and motivated team don't hire an employee to fill a position, employ a person to be part of a team to build your business.For genuine and efficient information please visit http://latestexams.com/pro/category/business/
    Last edited by mark_robinson77; 01-06-2010, 09:16 AM.
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    • #3
      Re: Tips For Bussiness Sucess

      Hello

      Consider the following ideas for saving time and money and making your business more profitable.

      1. Develop tight controls over billing and collections. To speed up cash flow, reduce the time between shipping your product and sending an invoice. Consider semimonthly instead of monthly billing, and send second notices more quickly.

      2. Collect past-due receivables. Almost every business has past-due receivables. Phone the people who owe you the most money, and try to resolve the problem on the spot. If you can't collect the total immediately, try to negotiate a payment schedule, or schedule a follow-up call.

      3. Keep payroll costs under control. Payroll costs are a major item in most businesses. Perhaps a more efficient plant layout or work schedule would result in reduced labor needs. Consider the use of temporary employees and subcontractors if your business is subject to seasonal variations.

      4. Payroll-related costs are fertile areas for cost reduction. Fringe benefits can easily amount to 25-50% of direct payroll. Review employee classifications for workers' compensation insurance. Improperly classified workers can be costing you significant premiums. Review group insurance programs. Solicit bids for the programs every three years. Consider higher deductibles as a means to lower premiums.

      5. Watch those numbers. Use your financial statements to give you important management information. Compare inventory turnover (cost of sales divided by average inventory) year by year. If turnover drops, consider it a warning sign and investigate further.

      Thanks
      Have a nice time ahead.
      payday loans

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      • #4
        Re: Tips For Bussiness Sucess

        The first step when starting a new business is to check if there is enough demand for the product/services you are going to provide. Demand, market research and cost analysis can tell the feasibility of opening the desired new business.
        Leather goods

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        • #5
          Re: Tips For Bussiness Sucess

          Thank u so much..for giving this type of valuable tips
          _______________
          Contract Hire

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          • #6
            Re: Tips For Bussiness Sucess

            Nowadays Internet is really powerful way for product’s marketing. It can arrive at lots of people (not countable) and it is not limited with time duration and location. So, Internet is the great place to market any products or services.

            Best Regards,
            All American Packaging USA is a premier packaging supplier

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            • #7
              Re: Tips For Bussiness Sucess

              Thanks for sharing this nice tips.

              __________________
              Car Parts

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              • #8
                Re: Tips For Bussiness Sucess

                Hello Friends,
                There are seven tips for business sucess.
                1.Keep in mind that networking is about being genuine and authentic, building trust and relationships, and seeing how you can help others.
                2.Ask yourself what your goals are in participating in networking meetings so that you will pick groups that will help you get what you are looking for. Some meetings are based more on learning, making contacts, and/or volunteering rather than on strictly making business connections.
                3.Visit as many groups as possible that spark your interest. Notice the tone and attitude of the group. Do the people sound supportive of one another? Does the leadership appear competent? Many groups will allow you to visit two times before joining.
                4.Hold volunteer positions in organizations. This is a great way to stay visible and give back to groups that have helped you.
                5. Adaptability: Business success requires the ability to adapt to changing situations. Nothing ever goes as planned. The world of business is full of surprises and unforeseen events. Using the habit of adaptability allows business owners to respond to circumstances with the ability to change course and act without complete information. Being flexible allows us to respond to changes without being paralyzed with fear and uncertainty.
                6. Opportunity Focused: Problems are a regular part of business life. Staff issues, customer misunderstandings, cash crunches- the list is endless. To achieve business success, look at both sides of the coin. Every problem has an opportunity. Being opportunity focused makes the game of business fun and energizing.
                7. Finding A Better Way: Productivity is the cornerstone of business success. Formulate the habit of finding a better way to make your business more productive. This will create more time to focus on the critical issues that drive sales and profit. Productivity can be enhanced by technology, automation, outsourcing, and improving business processes.
                Thanks.
                Paint Brushes

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                • #9
                  Re: Tips For Bussiness Sucess

                  hanks for the great tips.

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                  • #10
                    Re: Tips For Bussiness Sucess

                    thank you all... receiving various basic tips can help a beginner to invest the money exactly at the right Bussiness . Each person has got a different goal when investing and that plays a big role on Bussiness Sucess.The above tips can help the beginner to be successful businessman
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                    • #11
                      Re: Tips For Bussiness Sucess

                      Thanks for sharing such a nice post related to business success.

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                      • #12
                        Re: Tips For Bussiness Sucess

                        1. You have to know your niche market.
                        2. You have to know what your products all about. What's the benefits/advantages of it.
                        3. Always remember that quality is always better than quantity
                        home based businesses

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                        • #13
                          Re: Tips For Bussiness Sucess

                          the points:
                          --
                          1.

                          Keep in mind that networking is about being genuine and authentic, building trust and relationships, and seeing how you can help others.
                          2.

                          Ask yourself what your goals are in participating in networking meetings so that you will pick groups that will help you get what you are looking for. Some meetings are based more on learning, making contacts, and/or volunteering rather than on strictly making business connections.
                          3.

                          Visit as many groups as possible that spark your interest. Notice the tone and attitude of the group. Do the people sound supportive of one another? Does the leadership appear competent? Many groups will allow you to visit two times before joining.
                          4.

                          Hold volunteer positions in organizations. This is a great way to stay visible and give back to groups that have helped you.

                          5.

                          Ask open-ended questions in networking conversations. This means questions that ask who, what, where, when, and how as opposed to those that can be answered with a simple yes or no. This form of questioning opens up the discussion and shows listeners that you are interested in them.
                          6.

                          Become known as a powerful resource for others. When you are known as a strong resource, people remember to turn to you for suggestions, ideas, names of other people, etc. This keeps you visible to them.
                          7.

                          Have a clear understanding of what you do and why, for whom, and what makes your doing it special or different from others doing the same thing. In order to get referrals, you must first have a clear understanding of what you do that you can easily articulate to others.
                          8.

                          Be able to articulate what you are looking for and how others may help you. Too often people in conversations ask, "How may I help you?" and no immediate answer comes to mind.
                          9.

                          Follow through quickly and efficiently on referrals you are given. When people give you referrals, your actions are a reflection on them. Respect and honor that and your referrals will grow.
                          10.

                          Call those you meet who may benefit from what you do and vice versa. Express that you enjoyed meeting them, and ask if you could get together and share ideas.

                          --
                          thanking you for finding the time.

                          cheers





                          Piggy Banks
                          Skechers

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                          • #14
                            Re: Tips For Bussiness Sucess

                            There are most 3 tips to success your business, Fist one is Target, That you are not all things to all people. Second one is Be Different, If your competitors are doing it, don't. Stand out from an overcrowded marketplace where so much of the advertising and products look the same. And last one is Build a Team, which is Don't hire an employee to fill a position.
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                            • #15
                              Re: Tips For Bussiness Sucess

                              Business Success Tips:

                              Have passion for your business
                              Don't let fear of failure hold you back
                              Make timely decisions
                              Be flexible
                              Encourage and accept criticism graciously.
                              Maintain a strong work ethic
                              business plan

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