There are a number of questions which most of the people ask in business, but it is too hard for them to find their answers. Honestly speaking and with experience, I have to say that those who have left their formal employment and joined to business are influenced by two things. Either there are attracted towards success or are unaware of the loud failure. This fact brings them to learn the basics of business again and find answer to some basic but important questions. Like, how much do I make, how much do I charge and how much do I prospect and many more questions. Knowing the achievable and realistic will help you accomplish your goals irrespective of the nature of business you are involved in.? Many business operators will look for inspiration and answers from written articles like this one, books, mentors, business partners and such alike. Execution plan culminating to act will definitely give you the results. Here are some ways on how to respond to such kind of mind boggling questions in business.
How can I build a business? The best approach is to do a proper planning, you can easily do the infrastructure and implementation part consequently. Your focus should be on quality and customer satisfaction. This is a perfect way of winning the customers’ hearts and makes them love your goods and services which also influence them to come back again.
How much should I charge? Your charges should be fair to your business expenses and a profit margin as well.
Why should I build the business? This is the best advantage you will have over the employees. You will have time for your own. Your profits after the break even will give you all you want in the life and many other benefits.
Can I take off from work? You should then make your business in a way that it operates without your presence. You don’t have to feel the job pressure as it is your right to have time for social life as well.
How much do I make, is it enough? It is at your discretion to make it more by engaging the planning and marketing team to improve sales volume. The good thing is that there is always a room for improvement in business to attract new customers.
Am I a business owner or an operator? In certain circumstances, you need to behave like an owner and at times, you have to be an operator.
What should I do to make money? As the business owner, always be ready for the initiation and let the operators of your business develop under your supervision and guide. Mentor them to efficiency and reliability so that money can work for you.
As the business grows, do I need to grow? Definitely yes, as you earn more, improve your planning and learn more in the business aspects. You will agree with me that in the beginning, you planned for a small business but as the business grows, you need a better and improved planning. Planning is the most important part of your business and its sustainability depends on the same as well. You are already a business leader so you need to be a master in leadership skills and their application. Lead the marketing team in class and practice as well. This is an obvious way towards a more secure and stable business empire. As a business owner, there will be a number of people helping your dream to turn into a reality as it has positive impact on others’ lives as well. Make that bold step and by taking the risk, you will achieve the desired freedom.
Chintan is the Founder and Editor of Loyalty & Customers.
