Building a prosperous business - page 3.

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Quote from: MarjorieZimmermanGinger on July 30, 2023, 01:54:10 PM

If the situation is like that we face then sometimes we also have to keep up with the times by offering businesses on several online sites available. This strategy is also a step as a method to reach buyers because people do not need to go to the shop and simply order on the available online services. Price competition becomes a problem and if we are unable to adjust, the business we live will be empty of buyers. The accuracy of the business and time we must also be able to follow and adjust because it is a way that the businessman must do.
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Adapting to the times or adjusting what is being sold to make it look more modern is one thing that must be done.
But that's not what's important, even though we have adjusted but if we don't have innovation and creativity then it won't affect us.

As business people, we also have to take advantage of every opportunity and provide the best service, people will be happy if they get good service.

and for goods or services sold, of course, the price must be more competitive, able to compete and not reduce the market price too much.
Need to do some research to determine it.

nowadays there are many online shops that make it easy to buy anything at low prices, so we have to see how the online market can develop, so we also need to follow it.

I myself have a Wifi Voucher Service business, and it has been running for about 4 years.
I always put the service and reliability of my wifi products first, so that customers can be satisfied with the service Wi-Fi used.
If there is a problem, I will definitely deal with it as soon as possible.

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Quote from: Pejoh Asu on July 30, 2023, 10:35:39 AM

Looking at the current situation it is certainly not easy to make a business, competition in online sales makes us have to be smart, and if we focus on business then long term planning is important, if we don't have many plans and only think one plan then chances are we will fail.

If the situation is like that we face then sometimes we also have to keep up with the times by offering businesses on several online sites available. This strategy is also a step as a method to reach buyers because people do not need to go to the shop and simply order on the available online services. Price competition becomes a problem and if we are unable to adjust, the business we live will be empty of buyers. The accuracy of the business and time we must also be able to follow and adjust because it is a way that the businessman must do.

That is why every entrepreneur must try to adjust because many online services that sell the same items at a cheaper price. Who cannot adapt and cannot adjust to the times in offering products to the business that is done, it will experience a decline and in the end we must stop because we cannot compete with other business people.

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Quote from: Pejoh Asu on July 30, 2023, 10:35:39 AM

Looking at the current situation it is certainly not easy to make a business, competition in online sales makes us have to be smart, and if we focus on business then long term planning is important, if we don't have many plans and only think one plan then chances are we will fail.

It is truly a good and smart way if we have multiple plans as we go for business. It will be hard not to know what the next step is once our initial plan fails. Hence, it is suggested that various plans for different possible outcomes are made just to ensure that the business will have a good foundation. A smart and flexible planning is really a good tip in building a prosperous business.

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Looking at the current situation it is certainly not easy to make a business, competition in online sales makes us have to be smart, and if we focus on business then long term planning is important, if we don't have many plans and only think one plan then chances are we will fail.

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Quote from: isaac_clarke22 on July 28, 2023, 06:17:15 AM

Quote from: odunybiz on July 17, 2023, 05:52:21 PM

Learning is a continuous process. No one knows everything. If you think I'm an amateur, all well and good but all I know is I have been using these tips for my agro- business and it has been working well for me. Although is a small farm but I plan to grow big one day.

Quite a long article you just gathered your sources from, I am curious though OP on how specifically these apply to your "small farm" business. The real reason you're building business is purely to create money/profit unless you are a non-profit organization which rely on things like donations.

There were some of coffee shops in here that serves great, but even though they're "passionate about their business ideas", they still didn't make it. There ain't even Starbucks around here that surely will crush those small businesses. Sometimes it will kinda suck for everyone to just build business and it's not for everyone to be honest.

Network also comes into play. Someone's gotta put your business into your audiences to try it out.

I think the biggest thing that could consider being a good business would be hard work, and if he works hard on a farm, he could make profit too. I have seen farmers who calculate literally inch of the seed they should plant based on how their farm is and how well it looks, they use technology and apps, they even have farming equipment that plants those seeds at the optimum place as well to grow as good as it gets and they work like hell to make it happen, they spend a good amount of money as well but they make much more than the other person who doesn't do any of it.

And I have seen people who just trust their gut and do it without knowing much about any of that information, they just use experience, and they end up not making as much money.

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Quote from: puloweh555 on July 29, 2023, 06:01:48 PM

Quote from: lalabotax on July 28, 2023, 05:25:43 PM

Even though there have been many theories that have proposed this, which have provided solutions related to building new businesses, and there have even been many promoters, motivators, and other informants who have explained in theory how to build a business to be successful, in reality, this will not be that easy. Because in practice , sometimes a lot of things happen and don't match the ideal in theory. Sometimes I have done various tricks and tips according to theory but still fail. because after all the conditions for each business may be different, not only in capital but in perseverance, environmental conditions, the accuracy of the business opened, and various other factors.

but indeed here, it does not mean that building a business is impossible because of course many people have succeeded in building a business from 0 or from another step. It's just how we run it.

Yes, it's very easy for us to get a theory about business on the internet as you describe, and indeed building a business or starting a business that adheres to action or action is the key to success. As much as possible, avoid planning too long or dwelling on excessive details. Start acting with what is there and slowly develop according to the time and resources we have.

Even though the business we have is still small, the point is we have a business. so develop our business in a sporty and professional manner, don't be afraid to fail, take big risks, be confident, and try, even if you fail don't give up, keep trying and trying. Because losses in business are bound to occur, therefore we must develop and be passionate about building a business in earnest.

Agreed, rather than waiting for the business to be big starting at the earliest with the resources available is the best choice. This will help with development of business over time. Nowadays the business is much about how we market our product and stand away from the rest of the business people is what makes you the best. It is really good to start small and progress gradually than starting big and putting more pressure to reach big targets from the very beginning.

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Quote from: lalabotax on July 28, 2023, 05:25:43 PM

Even though there have been many theories that have proposed this, which have provided solutions related to building new businesses, and there have even been many promoters, motivators, and other informants who have explained in theory how to build a business to be successful, in reality, this will not be that easy. Because in practice , sometimes a lot of things happen and don't match the ideal in theory. Sometimes I have done various tricks and tips according to theory but still fail. because after all the conditions for each business may be different, not only in capital but in perseverance, environmental conditions, the accuracy of the business opened, and various other factors.

but indeed here, it does not mean that building a business is impossible because of course many people have succeeded in building a business from 0 or from another step. It's just how we run it.

Yes, it's very easy for us to get a theory about business on the internet as you describe, and indeed building a business or starting a business that adheres to action or action is the key to success. As much as possible, avoid planning too long or dwelling on excessive details. Start acting with what is there and slowly develop according to the time and resources we have.

Even though the business we have is still small, the point is we have a business. so develop our business in a sporty and professional manner, don't be afraid to fail, take big risks, be confident, and try, even if you fail don't give up, keep trying and trying. Because losses in business are bound to occur, therefore we must develop and be passionate about building a business in earnest.

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Quote from: samcrypto on July 29, 2023, 05:20:47 PM

Quote from: Litzki1990 on July 29, 2023, 08:27:14 AM

Even if we have a good job, we should create a business of our own. A job is never permanent a job means working under someone else they will pay you as long as you can work for them but they will not pay you if your performance decreases due to physical illness or any other reason. If you try to set up your own business along with the job and if you can spend some labor or time behind that business, it will be seen that the business will go to a good state, when your business will go to a good state, but there is no need to work under someone else. Not necessarily but for that business you can create employment of some people. We should all think like this. Regardless of the profession we are involved in, we need to have an alternative or a business of our own so that we can support ourselves better from our own business in times of danger.

This is what we called side hustle that will soon turn into your main source of income once you succeed managing it and yes there's no problem on doing this. The only challenge is that, its not easy to have your business as it requires your full attention and I've done this before and failed many times already. If you really want to make extra income, they keep on trying and one day once you already have the skills and experience, you know already what's business that works for you.

If you are on a situation on which you are heavily depending on your paycheck then it would really be just that wise that you should really be mindful when it comes to making some investment because on the time that it

would really be able to make some revenue or income which is bigger than on your current job then sooner or later you would really be finding yourself on having that financial freedom because this what everyone is really that wishing for on which on having that financially free on having no problem when it comes to this matter on which this is why it would really be that worth on having this kind of plans on which it would
really be giving out that kind of chances but of course not everyone who would really be that successful but at least you would really be having that kind of chance when it comes on risks taking
rather than on having nothing at all.

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Quote from: Litzki1990 on July 29, 2023, 08:27:14 AM

Even if we have a good job, we should create a business of our own. A job is never permanent a job means working under someone else they will pay you as long as you can work for them but they will not pay you if your performance decreases due to physical illness or any other reason. If you try to set up your own business along with the job and if you can spend some labor or time behind that business, it will be seen that the business will go to a good state, when your business will go to a good state, but there is no need to work under someone else. Not necessarily but for that business you can create employment of some people. We should all think like this. Regardless of the profession we are involved in, we need to have an alternative or a business of our own so that we can support ourselves better from our own business in times of danger.

This is what we called side hustle that will soon turn into your main source of income once you succeed managing it and yes there's no problem on doing this. The only challenge is that, its not easy to have your business as it requires your full attention and I've done this before and failed many times already. If you really want to make extra income, they keep on trying and one day once you already have the skills and experience, you know already what's business that works for you.

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Quote from: Litzki1990 on July 29, 2023, 08:27:14 AM

Even if we have a good job, we should create a business of our own. A job is never permanent a job means working under someone else they will pay you as long as you can work for them but they will not pay you if your performance decreases due to physical illness or any other reason. If you try to set up your own business along with the job and if you can spend some labor or time behind that business, it will be seen that the business will go to a good state, when your business will go to a good state, but there is no need to work under someone else. Not necessarily but for that business you can create employment of some people. We should all think like this. Regardless of the profession we are involved in, we need to have an alternative or a business of our own so that we can support ourselves better from our own business in times of danger.

Perhaps more precisely is to have more sources of income if you do not want to fall into poverty more quickly.

That view may be correct from a financial perspective - I mean the more sources of income you have the more opportunities you have to sustain your financial condition longer. It's always difficult if you have only one source of income - it's too risky to build a better financial status considering the need for money has increased following inflation.

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Quote from: usekevin on July 29, 2023, 04:13:52 PM

Quote from: uneng on July 28, 2023, 01:23:16 PM

It's true. There is a big difference between businesses which are directly ran by the owners or managers from businesses which are ran by employees, especially on the restaurants' industry. Customers who are used to attend to the place instantly notice the difference on the quality and taste of the food prepared, what is really negative for the restaurant's reputation on long term, as customers will lose their trust on the service offered, especially when taking people they want to impress to eat there or during special events.

It has already happened to me when my family hosted relatives and went out to eat expecting the restaurant to offer delicious food, as it was used to do, but it was a fiasco and I immediately noticed the manager/owner wasn't there, rather only employees were operating the restaurant. Result: we aren't going to come back there again soon...

The business should be care by the owner directly,So that the business will be very good.Because the Manager is not the owner,So he won’t give his full cent percentage of participation until he get financial benefits from them.Now the many business holding businessman use the Manager to control their different business,but the most of the Manager use the company for their own benefit.The best thing is needed to hire a good manager for your business as compared to hire a employees.Because manager role is more next to owner.

They do not have skin in the game and as such they can allow the business to not do as well as they still receive the same salary either way, so why overwork themselves when they can take a more relaxed attitude towards their job and still make the same amount of money? Then anyone that is thinking about starting their own business needs to be ready to manage it themselves for a very long time, otherwise if they delegate their responsibilities too soon then their business could easily come crashing down and they could lose all the work and money they invested in it.

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Quote from: uneng on July 28, 2023, 01:23:16 PM

It's true. There is a big difference between businesses which are directly ran by the owners or managers from businesses which are ran by employees, especially on the restaurants' industry. Customers who are used to attend to the place instantly notice the difference on the quality and taste of the food prepared, what is really negative for the restaurant's reputation on long term, as customers will lose their trust on the service offered, especially when taking people they want to impress to eat there or during special events.

It has already happened to me when my family hosted relatives and went out to eat expecting the restaurant to offer delicious food, as it was used to do, but it was a fiasco and I immediately noticed the manager/owner wasn't there, rather only employees were operating the restaurant. Result: we aren't going to come back there again soon...

The business should be care by the owner directly,So that the business will be very good.Because the Manager is not the owner,So he won’t give his full cent percentage of participation until he get financial benefits from them.Now the many business holding businessman use the Manager to control their different business,but the most of the Manager use the company for their own benefit.The best thing is needed to hire a good manager for your business as compared to hire a employees.Because manager role is more next to owner.

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The subject matter requires detailed discussion. In order to start a good and prospering business, you must have a clear business idea and a solid plan so that you can start your business according to your goals and create a better platform for others.
Another thing is that it is important for an intelligent businessman that his brand and business activities are at an optimum level, and one should provide good service to the customers with full attention.

Additionally, regularly monitor your performance and analyze the ground realities to improve more. Finally, the most important thing is to never let your morale down, always do with determination and enthusiasm in achieving your goals, so that you clear all difficulties in your way and become a known person in the market..

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Quote from: odunybiz on July 16, 2023, 07:41:50 PM

CONCLUSION
Let your purpose of establishing a business be on solving a problem not just to make money. If your reason to creat a business is to make money, you may get discourage within months if good profit weren't made. Establishing a prosperous business isn't easy, there’s a lot that goes into it. As you begin your business journey, keep these tips in mind, focus on planning, and take the time to test as much as possible. The more you prepare upfront, the more likely that your business will succeed.

Building a business to grow more rapidly is not an easy job, it takes a lot of money, skills and relationships as the driving force. Money is intended for capital and promotions that are carried out, while relationships are another important part as a support. The business must also be adjusted to the wishes of the customer and the provisions of the business must also be able to be reviewed before being developed. For example, if someone is building a business in the hotel sector, what must be seen is whether the place where the business we are developing has potential or not, because we need to look at accuracy and necessity.

Usually the hotel sector will develop when the area becomes the focus of tourists because there are unique things that attract tourists to visit the place. One of the attractions has natural beauty, exotic sea, culture and culinary which is quite famous so that it becomes the target of tourists when visiting the place. Business must also be seen as related to thoroughness and when we are forced to build something that is not needed then the business we are in will not develop.

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Quote from: Litzki1990 on July 29, 2023, 08:27:14 AM

Even if we have a good job, we should create a business of our own. A job is never permanent a job means working under someone else they will pay you as long as you can work for them but they will not pay you if your performance decreases due to physical illness or any other reason. If you try to set up your own business along with the job and if you can spend some labor or time behind that business, it will be seen that the business will go to a good state, when your business will go to a good state, but there is no need to work under someone else. Not necessarily but for that business you can create employment of some people. We should all think like this. Regardless of the profession we are involved in, we need to have an alternative or a business of our own so that we can support ourselves better from our own business in times of danger.

Actually most of the cases when someone have two sources of income, one from working under someone company and another one from small business, the small business mostly not making any profit or even reach break even point. Run a business is only profitable in the first month where majority of the customers are your family, friend and relative, the reality of your business is happen when your customers are strangers.

Most people making money through their profession and spend it mostly for their business which they never know when it will success.

Not everyone can become a businessman, make sure you've learn something that you can work as a freelancer.

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Even if we have a good job, we should create a business of our own. A job is never permanent a job means working under someone else they will pay you as long as you can work for them but they will not pay you if your performance decreases due to physical illness or any other reason. If you try to set up your own business along with the job and if you can spend some labor or time behind that business, it will be seen that the business will go to a good state, when your business will go to a good state, but there is no need to work under someone else. Not necessarily but for that business you can create employment of some people. We should all think like this. Regardless of the profession we are involved in, we need to have an alternative or a business of our own so that we can support ourselves better from our own business in times of danger.

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Quote from: EluguHcman on July 27, 2023, 06:00:07 AM

Building a prosperous business is not an easy task because it is tactical requiring on what to invest on based on people's demands, how and where to invest and trade to attract and acquires and to retain customers of patronages.

Before investing you should have an aside finance that would help you with some personal essential needs and don't believe you would so quick going to prosper budgeting your income to solve your problems at your kickstart.

Your cautiousness readiness to lost with a satisfactory priority to gain would engineers you to fit bridge the downfall of your investment.

You must stay creatively efficient and updated to the marketing skills and be endivoired to goods and services provision at all cost of demands.

Enhance and to broad your products never to settle for less with considering that most customers wants to purchase a related items in a particular unit.

The burden of identifying a business and growing it to reliable standard does not lie in maintaining the business or how many hours of your time you give to the business. The success of a given business lies majorly on the idea behind the business. So many people would have easily started a business, but you need to identify a niche which has not been totally harnessed. That burden of getting a new business idea is where the problem lies. Anyone who is able to develop a lucrative business idea and give it a little more attention and time would be successful.

On the other hand, many people do not struggle much to build a good business idea, rather, they will fall into competition with their friends and colleagues who started similar business even in the same environment. To be exceptional you have to do exceptional things and this applies so well in business.

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Just this week, I looked into a business idea, something that would take me about 2-3 years to master just in case if AI takes over everything and I would have to use it and like as in general I wouldn't be able to work where I work today, as a way of finding if I could do another business if I am forced to one day. And I realized that building a business is not about money but more about hard work, its something regarding how much hours can you put into something per day, and not only that but how long can you keep it going, you can work 12 hours a day for one month, but someone who puts in 4 hours a day for a year will pass you easily, hence its tough. So its always time, both daily, but also for many years.

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Quote from: Minecache on July 28, 2023, 10:45:12 AM

Honestly, running a successful business is not easy and when we fail, we can only realize the mistakes we have made. There are many reasons leading to the bankruptcy of a business, so it is never too much to absorb new things and listen to people's suggestions.

I highly agree, without basic knowledge about people and financial management, the industry we are trying to enter, it is really hard to be successful. Aside from these factors, we also need to study the competition, the trend, the psychology of the client, and many more. As a matter of fact, others even attend workshops and seminars that have a relation to their planned business just to get a further view of what is ahead of them when establishing such kind of business. The learning, the adaption, and innovation are never-ending.

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Quote from: odunybiz on July 16, 2023, 07:41:50 PM

Starting a business may seems easy but this come with alot of challenges which includes the ability to survive after being established.

Even though there have been many theories that have proposed this, which have provided solutions related to building new businesses, and there have even been many promoters, motivators, and other informants who have explained in theory how to build a business to be successful, in reality, this will not be that easy. Because in practice , sometimes a lot of things happen and don't match the ideal in theory. Sometimes I have done various tricks and tips according to theory but still fail. because after all the conditions for each business may be different, not only in capital but in perseverance, environmental conditions, the accuracy of the business opened, and various other factors.

but indeed here, it does not mean that building a business is impossible because of course many people have succeeded in building a business from 0 or from another step. It's just how we run it.

Topic: Building a prosperous business - page 3. (Read 1116 times)