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Similaire à 10 Great Tips for Business Owners (20)
10 Great Tips for Business Owners
- 1. AFTER 25 YEARS IN BUSINESS:
10 GREAT TIPS FOR BUSINESS
OWNERS
Seggy T Segaran
Tele-Products Ltd
October 2013
- 2. Tip 1
Set out to deliver the best
product or service that you can.
If you get this right, then sales
and profits will follow.
- 4. Tip 3
Treat your suppliers with
respect.
Remember that they help you
deliver a great service to your
customers.
- 5. Tip 4
Don’t place all your trust in
banks.
They love to lend you an
umbrella when the sun shines
but take it away the minute it
rains.
- 6. Tip 5
See which bit of your marketing
is actually bringing in the sales.
If something is not working then
don’t be afraid to stop doing it.
- 7. Tip 6
On average, 20% of what a
company does brings in 80% of
the profits.
Constantly weed out the 80%
and grow the 20%.
- 8. Tip 7
Have Key Performance
Indicators (KPIs) for everything
that is important in the business.
Use this constantly to measure
the company’s health.
- 9. Tip 8
It's easier to get business from
existing customers than
constantly find new customers.
Build a business with a loyal
customer base.
- 11. Tip 10
You are not going to be round
for ever.
Plan an escape route and make
the company independent of
you.