If you want to promote your business, you have to build goodwill. This is very important as far as business tracking is concerned. To have a business of your own requires you to make a strategic plan and feasibility study. The latter is so important so you know the strategic location of you business. You also need to consider the man power, the capital, and the accessibility of your business location. Will it be near the national road? Will it be accessible with water supply and electricity? Foremost you have to check whether that center is feasible for an awesome profit. You have to see the local or city administrator and engineers to further your knowledge about the requirements of your business so you will have security and surety of protection.
As soon as you already had started your desired business, the next thing to do is how to build traction of your business. There are very few tips for building traction to your business, Few, but very effective for your business to boom and employees to be sincere and loyal to you. It is so important to build good friendly relations to sales force or man power. They are the revenues of your business.
These are the following tips for building traction in your business:
You need to have a clear vision as to what your business will be and do in the future. You need to have your Mission Statement, and a set of core values, a behavioral framework and accepted norms in the location of your business and the people nearby. This will give impact to the culture of the location of your business and you will have in return a brand identity of your business.
Make some predictions as to the future happenings of your business so that you get traction about the effective preparations for the future problems. You can also make a very quick decision as soon you have these predictions that might be actualized as years go by. You must also use your accounting that enables you to analyze and measure your performance and profitability.
Your people need to be behind you; otherwise it’s a losing game. Select well, and have good performance management system in place. Provide compensation linked to the goals, your mission and the vision of the company.
You need to be aligned and connected to your people and company .They need to be aligned and always connected to you; likewise, you to them as stipulated on your business or company’s mission statement. It would also be to your business or company’s vision should you also have prepared this. Good communications and solid business processes are important in bringing it all together to ensure you get the traction in the right direction.
You have to ensure that all the people, processes, technology, and offerings align with the vision, mission goals and values of your business or company. If they don’t, you have to make the necessary changes.
Quotes to Inspire you in your business:
2. “Whenever you see a successful business, someone once made a courageous decision. (Peter Drucker)
3.”The only way to deal with the future is to function efficiently in the now. (Gita Bellin)
4. “Let us become the change we seek in the world.” (Mahatma Gandhi)
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Source: Business Today
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How nice to have my own business.Three yeas ago I applied for a Lotto franchisee , but it was not approved because of many reasons which are too many to mention hehehe.Maybe I am not inclined to business for no matter how I did not prosper to whatever I had dreamed of. To have a business, we need big capital, take risks, face risks and be strong enough to withstand the obstacles along the way for there are harsh customers and changes from the bureau of labor, thus employees may get involve and you the target of their demand especially if they become regular employees.