basis of doing business
In fact, this path of wealth is available to everyone who knows about it. For this reason, in order not to create excessive competition, those who know about him, prefer not to talk about how they got rich. They know very well that as soon as the masses learn about what money can now really be made, the crowd will immediately rush into this new area of business and then it may not be as profitable as it is now.
Although, of course, many of those who know prefer to work the old fashioned way, considering the new line of business something unnatural, not creating a product. Also, at one time, agrarians believed that only in the agricultural sector a product is created, but the industrial sector does not create it, and then industrialists thought that in the information sphere the product is not created, but created only in industry. Continue reading
Keeping customers is profitable. On the one hand, it’s 10 times cheaper than creating new ones, and on the other hand, you can retain a dozen customers for the amount that you need to spend on creating one client. This means that if you manage customers, and not create them to replace the departed, you can free up money for something else. If you know how to retain customers, then you do not need to search for new customers.
For example, money can go to purchase new equipment or to finance a staff motivation system, which will positively affect the overall level of competitiveness of both the business and its products or services. Continue reading
To understand what the basics of doing business are, you must first clearly define what a business is. This seems to be understandable, but I must say that the traditional concept of business is not complete and needs to be supplemented. First of all, it should be noted that business is an urgent need of people, about the same need as to eat, drink and breathe.
True, this need is not characteristic of all people, but only of special people. What kind of people are these? These are people with very strong energy. Accordingly, business is the need of people with very strong energy. Strong energy is, of course, good, but that it does not cause harm, it must be spent. For this reason, people with strong energy and create a business. For them, business is a way to get rid of excess energy. Continue reading