Have you ever noticed that the chickens we eat nowadays often give you an allergic sting one way or another. The company -Health Options is diversifying into the organic food sector to meet this crucial need for healthier food. My other blog also reiterates the same principles that this article is saying. Pinoy Business Coach realizes the potential of your dreams and aspirations to be a source of a worthwhile business.
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Showing posts with label Business Systems. Show all posts
Showing posts with label Business Systems. Show all posts
"It is often inspiring to read the stories of how businesses came to be. Stories like this can really motivate the would-be Entrepreneur. This article further states that a mission can be spiritual and powerful as well in driving a business. The original article can be accessed here. Stay motivated to let your business dreams come true by continuously following our site.
Enriching one's business vocabulary can surely make the difference in the life of a new Entrepreneur. As business vocabulary increases, the chances of having a better bottom line also multiplies.
One of the concepts that many of us can try to grasp is the idea of working IN and working ON the business. These two concepts are very simple but they can empower the business person to build a business properly.
Working IN a business means, working on the day to day routine and the basic technicalities that normally run to make the business survive. This includes selling, clerical, accounting, logistics, janitorial etc. The mundane but essential skills that make the business make money in it's day to day operations constitute the WORKING IN the business concept.
Working ON a business on the other hand means focusing on systems that can help the business work without the Entrepreneur being there on a daily basis. It is the creation of systems that can help a business become good to great. It is the implementation of systems that make a Jollibee or a McDonald's restaurant run anywhere in the world using local and young manpower. Working ON the business also includes knowing what Entity you are placing the business IN and the Characteristic of the business as to what asset class in derives it's income from.
To be successful means focusing on the 2 aspects of the business. It is my opinion that 9 out of 10 business start-ups fail because the Working ON part is neglected. While the business owners focus on the everyday tasks of running a business, only few Create a system to make it run without them. Click Here to Read More...
One of the concepts that many of us can try to grasp is the idea of working IN and working ON the business. These two concepts are very simple but they can empower the business person to build a business properly.
Working IN a business means, working on the day to day routine and the basic technicalities that normally run to make the business survive. This includes selling, clerical, accounting, logistics, janitorial etc. The mundane but essential skills that make the business make money in it's day to day operations constitute the WORKING IN the business concept.
Working ON a business on the other hand means focusing on systems that can help the business work without the Entrepreneur being there on a daily basis. It is the creation of systems that can help a business become good to great. It is the implementation of systems that make a Jollibee or a McDonald's restaurant run anywhere in the world using local and young manpower. Working ON the business also includes knowing what Entity you are placing the business IN and the Characteristic of the business as to what asset class in derives it's income from.
To be successful means focusing on the 2 aspects of the business. It is my opinion that 9 out of 10 business start-ups fail because the Working ON part is neglected. While the business owners focus on the everyday tasks of running a business, only few Create a system to make it run without them. Click Here to Read More...
Starting a good business entails a lot of emotional discipline, good old fashioned persistence and a lot of 'not so common sense'. Although you need a lot of words in your financial vocabulary, but the basics like 'gross income', 'cost of goods', 'cashflow' and their proper meanings will do, you need not talk like a Big Business Guru and sound complicated to be in business.
If you can decide to do the following, then the chances for succeeding in a venture will be highly probable:
1. KNOWING HOW TO SELL- this is the first crucial step in being able to operate a business, you might have the prettiest stall or the nicest office in the block, but if you can't sell, then nothing really happens. Sales is the blood of businesses and 'nothing happens unless someone sells something'.
2. CREATING A SYSTEM or A PROCEDURE THAT SELLS- In the Philippines, there is a lot of confusion about 'selling' and 'being in business'. We often hear people say "Nagbebenta ako ng ______, sideline ko na negosyo". Selling is a skill and is part of a business but not the business per se. Selling is a very important skill but if the selling stops when you are not physically there then steps can be made to take the process 1 step higher. A business on the other hand, sells via procedures or strategies that have been developed to enable the owner to sell even without being there. This is where the word Marketing comes from--selling via a set of systems placed. It is good to know where we are really at so that we can take steps to 'automate' ourselves.
3. IMPROVING THE SYSTEM- it takes time and money to develop a system for a little business so this will entail lots of patience. Even very simple instructions to employees need time and reminders to set in. In placing strategies, one needs persistence and continuous trial and error until it gets done right.
4. AN ENTREPRENEUR is a micro company in itself-- start your business like it is already a big company (except the salaries of course!). You will have to practice being the Financial manager, Human resource, operations manager etc., until such time that the business can afford to have these people on board.
Remember there are NO risky businesses, ONLY RISKY BUSINESS PEOPLE. You are a reflection of your business entity. Continuous learning in this section will help eliminate the riskiness found in all of us.
If you know someone who is starting a venture please refer this site to them, you might be doing them a huge favor and it might just save them from errors that could otherwise be prevented. Click Here to Read More...
If you can decide to do the following, then the chances for succeeding in a venture will be highly probable:
1. KNOWING HOW TO SELL- this is the first crucial step in being able to operate a business, you might have the prettiest stall or the nicest office in the block, but if you can't sell, then nothing really happens. Sales is the blood of businesses and 'nothing happens unless someone sells something'.
2. CREATING A SYSTEM or A PROCEDURE THAT SELLS- In the Philippines, there is a lot of confusion about 'selling' and 'being in business'. We often hear people say "Nagbebenta ako ng ______, sideline ko na negosyo". Selling is a skill and is part of a business but not the business per se. Selling is a very important skill but if the selling stops when you are not physically there then steps can be made to take the process 1 step higher. A business on the other hand, sells via procedures or strategies that have been developed to enable the owner to sell even without being there. This is where the word Marketing comes from--selling via a set of systems placed. It is good to know where we are really at so that we can take steps to 'automate' ourselves.
3. IMPROVING THE SYSTEM- it takes time and money to develop a system for a little business so this will entail lots of patience. Even very simple instructions to employees need time and reminders to set in. In placing strategies, one needs persistence and continuous trial and error until it gets done right.
4. AN ENTREPRENEUR is a micro company in itself-- start your business like it is already a big company (except the salaries of course!). You will have to practice being the Financial manager, Human resource, operations manager etc., until such time that the business can afford to have these people on board.
Remember there are NO risky businesses, ONLY RISKY BUSINESS PEOPLE. You are a reflection of your business entity. Continuous learning in this section will help eliminate the riskiness found in all of us.
If you know someone who is starting a venture please refer this site to them, you might be doing them a huge favor and it might just save them from errors that could otherwise be prevented. Click Here to Read More...
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