There has recently been a quote being circulated around which says something like “2020 is the year to survive, don’t even talk about profits and losses. Don’t talk about your dreams and plans. Just make sure you stay alive! “ It has been attributed to business magnates such as Ratan Tata and Jack Ma. Mr. Tata has already said it’s fake …
What Is The Success Formula For An Entrepreneur? Some will say there is no formula, some will add a hundred different variations. However, if you could simply things to the bare minimum, this formula is what determines the success of most businesses. Success of A Business = The Scale Of Your Marketing Efforts X Your Value Proposition X Market Conditions …
You can’t prevent a Coronavirus outbreak, that is the job of the government. But you could have minimized its impact on your business, had you taken the following steps. Here they are! 1) Never Put All Your Eggs In One Basket It is important to not put all your eggs in one basket. If your business has required exclusive physical …
The Coronavirus is creating a mass panic all over the world. While it is still too early to estimate the health impact on the world over the long term, one thing is for sure, the economic impact of this on businesses all over the world maybe huge. The bigger the health impact, the economic impact will be even bigger. Stay …
Every week, are you at work or are you at the office? Those are not necessarily the same things. You can be at the office but not be at work. This is true for millions of people who may technically be at work but most of their day is spent on social media, instant messaging, youtube, gossiping with coworkers etc. …
1) Get More customers to buy the product/service The first one is straight forward, get more people to buy from you. When you have more volume, you have a high turnover and consequently higher profits. Do make sure that you have a healthy margin though, because the game of volumes can quickly turn unprofitable on razor thin margins. 2) …
Investing in Learning whether for yourself or for your team to grow your business further is one of the absolute essentials if you want to keep winning. However, a lot of common flawed beliefs hold people back from investing in training. They may think they are taking the right decision but in the long term it is a form of …
False Belief 1: A successful business should always have hundreds or thousands of employees These days the success of a business is perceived by how many fancy offices it has and how many people are working for it. Of course, this doesn’t pay any attention to the fact that the same business maybe posting growing losses every year with no …
Most client meetings are not worth your time. People say if you don’t close, it’s often because you didn’t try hard enough. However, in reality, the reason for most failures in closing is not a lack of effort but because you are meeting the wrong people! Here is how you change that. 1) Have you made sure they are decision …
The formula is simple, but not easy, unless you are born to a billionaire. People often think that to be a billionaire requires you to work super hard and while hard work is an element. A billionaire cant work hundreds of time harder than the average person if he or she wanted to. Yet others, dole out the popular phrase …