Startups that turned into a successful company worth billions and even trillions, no difference in the business world with lottery winners. Put all your money and hope to get the jackpot, you are going down.
Here are 10 rules to start a small business. This list is to make you aware of the fact that there is, instead of chasing crazy dreams formidable you in business.
More realistic. When creating a business model, look around and find an example of a successful business model that you want, and learn. If you can not find, whether you are a genius, or your business model will not work in the real world.
Do not invest their own money. Since most business is a risky trip, look for a partner. So, if it does not run all the plans, you will not go bankrupt because of funding start-ups before, and did not pursue the debt.
Self bondage. If you are not willing to work hard, overtime, forgetting personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay the employee, even if the employee is cheap. So, your employees, is your own.
Appreciate the time. Give a monetary value on your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charge Rp10 thousand for delivery each week, and it takes 2 hours to go to the store itself, then the postage paid them from the company, because it is cheaper. It may be against the rules to 3, but even though slaves also have economic value.
Recruit employees well. Regardless of the size of your business, in the end you will recruit employees from outside. To that end, do the recruitment process carefully, without haste, and treat it as important when you start a business. It is unfortunate attitude of business owners who have a vision for their business, but it prevented the hiring of employees who achieve that vision.
Sell the benefits, not the price. When you start a business, you naturally frustrated market . but , if you compete on price, you are ultimately the selling price of a mediocre or even below the capital. Master the skills to communicate with customers, to explain that the higher the price of your product because it has a better value.
Know the basic rate. Knowing how much money you need for running the business - from the rental shop, electricity, employee insurance, to the price of printer ink, paper, and taxes. And for all of that with the number of days in a year you will open, and ... that's the base rate - the minimum amount of income that you need every day. If you do not ever think about the basic numbers, think again.
Use the latest technology. New technologies such as applications and data by cloud technology storage very cheap and make small companies can compete with larger companies. Take advantage of low-cost technology on the market.
Treat vendors well. Treat your vendors and suppliers as possible, just as you treat customers. They can only give you a discount based on the volume of your reservation, or even in order to maintain a good relationship, and wish there was an increase in volume in the future. Good relationships can also make them understand the delay in payment, even provide free shipping.
Be the best. You should not be half-half. every things you do for the client should be is the best. Whatever you make and sell, to be the best. Do it continuously, and the power of word of mouth will spread.
Here are 10 rules to start a small business. This list is to make you aware of the fact that there is, instead of chasing crazy dreams formidable you in business.
More realistic. When creating a business model, look around and find an example of a successful business model that you want, and learn. If you can not find, whether you are a genius, or your business model will not work in the real world.
Do not invest their own money. Since most business is a risky trip, look for a partner. So, if it does not run all the plans, you will not go bankrupt because of funding start-ups before, and did not pursue the debt.
Self bondage. If you are not willing to work hard, overtime, forgetting personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay the employee, even if the employee is cheap. So, your employees, is your own.
Appreciate the time. Give a monetary value on your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charge Rp10 thousand for delivery each week, and it takes 2 hours to go to the store itself, then the postage paid them from the company, because it is cheaper. It may be against the rules to 3, but even though slaves also have economic value.
Recruit employees well. Regardless of the size of your business, in the end you will recruit employees from outside. To that end, do the recruitment process carefully, without haste, and treat it as important when you start a business. It is unfortunate attitude of business owners who have a vision for their business, but it prevented the hiring of employees who achieve that vision.
Sell the benefits, not the price. When you start a business, you naturally frustrated market . but , if you compete on price, you are ultimately the selling price of a mediocre or even below the capital. Master the skills to communicate with customers, to explain that the higher the price of your product because it has a better value.
Know the basic rate. Knowing how much money you need for running the business - from the rental shop, electricity, employee insurance, to the price of printer ink, paper, and taxes. And for all of that with the number of days in a year you will open, and ... that's the base rate - the minimum amount of income that you need every day. If you do not ever think about the basic numbers, think again.
Use the latest technology. New technologies such as applications and data by cloud technology storage very cheap and make small companies can compete with larger companies. Take advantage of low-cost technology on the market.
Treat vendors well. Treat your vendors and suppliers as possible, just as you treat customers. They can only give you a discount based on the volume of your reservation, or even in order to maintain a good relationship, and wish there was an increase in volume in the future. Good relationships can also make them understand the delay in payment, even provide free shipping.
Be the best. You should not be half-half. every things you do for the client should be is the best. Whatever you make and sell, to be the best. Do it continuously, and the power of word of mouth will spread.
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