Failure is not a bad thing. This is the result of a method that does not work. Many people in business fail. However, there are ways to reduce the risk of failure. One of the hardest things in life is not repeating the same mistake, optimistic and continues to strive for your purpose. To avoid the same mistakes as other business beginners have been carried out, I have provided guidance that will help in the success of your new business.
1- Go to business does something that has praised your strong abilities. If you write, become a writer.
2- Purpose: Arrange your destination. Know where you want to take your business and your intention with it, however, don’t develop too fast because this is a step-by-step process.
3- Model: There is a possibility that the market you want to discuss has been done by others. Copy. Learn how they work and operate and make it better. This eliminates the risk starting from the beginning. This allows you to visualize how your business will run, operational costs, problems associated with it and how you can perfect the business process to make it more efficient than your competitors.
4- Give something in return: Many businesses give back to the public. It gives business owners for the purpose and encouragement for them to succeed because they support more than themselves, but also the people they help.
5- Costs for your time: Increased costs, say 10% throughout the board evaluates more profits. Don’t undercut your service. If you are in the game to offer the cheapest service with high quality staff and operations, you will not survive.
6- The market itself: Market yourself in the industry. If you plan to open a clothing store, you can donate a few fabrics to charity and post photos of family / life people you have changed on your website or throughout your store. This shows publicly that you are given back to people. This will help you increase credibility and your customers will not hesitate to pay additional premiums for your clothes rather than compared to other stores that don’t restore.
7- Don’t hesitate to get out of your comfort zone. Anything that works, repeat.
8- Set a business in a way that can run efficiently without you need to be there. The important thing from automation and systems cannot be overreased. The biggest and most successful restaurant in the world is run by teenagers.
9- Use your resources: if you don’t know anything safe! Now you know you don’t know it, outsourcing skills to someone who knows how to do it. For example, building a website.
10- Don’t be afraid to ask: in business, we all copy and learn from each other. Your situation in many cases is not unique. Find and you will find people who find a solution to get out of your situation.
11- Every worker requires a taste of valued: Remember the success of your business very dependent on your workers.
12- Give incentives for your employees to workers more productive: There are many methods that you can apply here, which is common is offering them a small portion in advantage if they exceed the amount of x. It encourages them to work harder and efficient while you are a business owner, work on business, not in it.
13- Delegation: You need to master delegation skills to allow others to work for you without you holding their hands
14- Don’t be afraid to sell. If the price is right, take it.