20 Nov Do You Have The Keys To The Free Enterprise System?
One of the first concepts learned in life is that money is used to buy things. Even though this concept develops as an individual progress through school, the billion-dollar food, housing, baby – product, clothing, toy, funeral, media (including social-media) and entertainment industries, etc. attest to the fact that business impacts a large part of earth’s population throughout life. Note the following progressive ideas about entrepreneurship:
Knowledge. Often, consumers buy things as a response to their needs and based upon their feeling about brands. Therefore, get-to-know your customers’ habits and preferences. Make it easy for consumers to get-to-know your business. Do you have a website? Do you post relevant content on social media? Do you have a continuing education program for your staff? These are important questions to consider as you implement your customer service, customer retention and marketing work flows.
Evaluate. You should have a business plan that is applicable to each day of the year. Is your first thought to this statement “that’s a burden?” For sure, a business plan (that is, an executed business plan) is important. One of the best business workflows is strategy. Often, an accountant, a banker, an attorney, an insurance professional and a business coach (or mentor) are helpful to this objective. Be encouraged to build a strong “business” house.
Yield. Many are the rewards of satisfying work. Choose your favorite among the following payoffs of your journey: community service champion; brand influencer; work-life happiness; subject matter expert; innovator; industry disruptor; or, lifestyle.
Sustain. Most businesses need capital and other infrastructure to exist. Keep up-to-date with the state of the economy and industry trends. Be advised that competition is real. Access your business’s technology and security including cyber-security workflows. To emphasis, understand your strengths, weaknesses, opportunities and threats.
Business and trade are amongst the oldest activities of humankind. Indeed, work can be fulfilling. As you pursue your goals, develop and share your story, elevate your customers’ experience with your brand and enjoy the journey. Best wishes and happy Entrepreneurs’ Day!