Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.

The Characteristics Of A Successful Business

7 860 vues

Publié le

Publié dans : Business
  • Soyez le premier à commenter

The Characteristics Of A Successful Business

  1. 1. The Characteristics Of A Successful Business
  2. 2. <ul><li>One of the ways to improve business profits is to practice great money management. </li></ul>
  3. 3. <ul><li>Most of the time, companies and start up businesses overlook their everyday spending </li></ul>
  4. 4. <ul><li>and can, for most of the time, be saving a significant amount of money if they did. </li></ul>
  5. 5. <ul><li>These are called the ‘not critical’ aspects of the business, or certain things that can be replaced with cheaper and just as effective techniques. </li></ul>
  6. 6. <ul><li>There are entire companies that are dedicated to this, called damage control </li></ul>
  7. 7. <ul><li>The damage a business does to itself is not tightening the tap on the money tank, their employees </li></ul>
  8. 8. <ul><li>or even their basic infrastructure seems to be spending on things that are totally unnecessary and totally inconsequential. </li></ul>
  9. 9. <ul><li>You need to investigate every aspect of your business and how your money is being spent. </li></ul>
  10. 10. <ul><li>Sit down with your partners and your employees and bring out the accounting sheets, tracking every dollar down. </li></ul>
  11. 11. <ul><li>You would be shocked and surprised at the sheer amount of money that you would be saving </li></ul>
  12. 12. <ul><li>Some business have found that they were over spending in excess of $30, 000 a year </li></ul>
  13. 13. <ul><li>money that could have been used to increase the effectiveness of the management process or simply to develop the business further </li></ul>
  14. 14. <ul><li>Another way to improve business profits is to diversify </li></ul>
  15. 15. <ul><li>Business models that are stuck in a single dimension paradigm often see profits stagnate </li></ul>
  16. 16. <ul><li>because they are hooked on a single market and refuse to trying new things . </li></ul>
  17. 17. <ul><li>Diversity, try new projects and even venture into riskier areas of the market. But with that comes a risk </li></ul>
  18. 18. <ul><li>You need to have the ideals of effective money management and a good head for seeing threats on the horizons </li></ul>
  19. 19. <ul><li>Taking risks have been the mantra of the most successful, look at Microsoft, or Apple or Virgin Airlines, Google etc </li></ul>
  20. 20. <ul><li>They have been carrying the flag of taking risks from the first time they have started . </li></ul>
  21. 21. <ul><li>and they have diversified into every aspect of the market. Think small scale and apply it to your business. </li></ul>
  22. 22. <ul><li>That is where growth comes from and that is where your increase profit comes from </li></ul>
  23. 23. <ul><li>from different revenue streams that will allow you to maximise your assets and get great returns from all avenues </li></ul>
  24. 24. <ul><li>The other way, and this is for the start up companies, is to get a virtual office. </li></ul>
  25. 25. <ul><li>Starting a business is essentially starting a risk, no matter how air tight your plan is </li></ul>
  26. 26. <ul><li>what you need to do before committing tens of thousands of dollars to leasing a physical office and getting office equipment… </li></ul>
  27. 27. <ul><li>is to go virtual and see how your plan works out!! </li></ul>
  28. 28. <ul><li>If your product or service has phenomenal success and the response is brilliant, then you can think about getting a base of operations. </li></ul>
  29. 29. <ul><li>It is all about reducing the risks in your plan and cutting costs through avenues like a virtual office </li></ul>
  30. 30. <ul><li>It is a great way for you to test bed your ideas on the living market and see whether it will reap you the rewards you deserve </li></ul>
  31. 31. Sign Up Now For A Virtual Office .