Here are ten rules for starting, managing and managing small businesses. This list is enough to make you aware of the reality, let's see:
1. More realistic.
When creating a business model, look around and look for successful examples of your preferred business model, then learn. If you can not find an example of a business model that you live in, that means you may be an incredible genius, or that your business model will not work in the real world.
2. Do not invest your own money
Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursue the debt. Creating team will facilitate work and share the burden.
3. Willing to work Harder
If you are not willing to work hard, overtime, forget temporary pleasure, then the entrepreneurial world does not suit you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So your employees are your own.
4. Respect the time
5. Recruit employees well
Regardless of the size of your business, you ultimately have to recruit employees from outside. For that, Do the recruitment process carefully, without haste, and treat it as important as you start a business. It is the unfortunate attitude of business owners who have a vision for his business but recruiting employees who actually prevent him achieve the vision.
6. Sell the excess, not the price.
When you start a business, usually you will be difficult to open the market. But, if you compete on price, you will eventually sell for a mediocre price or even under capitalism. So, master the skills of communicating with customers, to explain that your product price is higher because it has a better value.
7. Know the base number (Calculate HPP carefully)
It's important to know how much money it takes to go about the business - from store rent, electricity, employee insurance, to printer ink, paper, and taxes. Then divide it up by how many days of the year you will open, and that's the basic number-the minimum amount of income you need every day. If you've never thought about basic numbers, think again about your business.
8. Use the latest technology.
Newer technologies such as data deployment and application with cloud technology are very cheap and make small companies able to compete with large companies. Take advantage of low-cost technologies on the market.
9. Treat vendors well.
Treat your vendors and suppliers as best you can, just as you treat customers. They may offer discounts based on the volume of your order, or even to maintain a good relationship, and expect a future volume increase. Good relationships make them also understand the late payment, even give free shipping.
10. Be the best.
You should not be half-hearted. Every thing you do for the customer should be the best. Whatever you make and sell, it must be the best. Do it continuously, and the power of word of mouth will spread.
