50 things I wish I’d known before I started my business (part 3)
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If you missed parts 1 and 2, please go back and read them. They’ll point you in the right direction if you’re thinking of starting a new business or growing your current business.
Now for the final part..
41. Family first - Of course, Business success is important but that alone cannot make anyone happy. Relationships and family tend to be more important than business success when it comes to happiness. It’s important to keep that in perspective when you bury yourself under paperwork and business planning.
42. Schedule time with your family/friends - We know the importance of planning our tasks at work but when it comes to our family and friends we like to think that good things will just happen. That never works and creates frustration. So while you’re sorting everything else out remember to think about spending time with your family and friends. Treat it just like a business project and put aside time for it. Just remember this one is probably the most important project on your list.
43. Marketing, marketing, marketing - It doesn’t matter how good your product it, with poor marketing, it’s going to get very difficult. You don’t have to become a marketing whiz but try to become very good at it. It pays for everything else.
44. Keep customers -Your customers keep the business running. And that’s exactly why you need to learn to keep them happy. Keep customers happy and willing to buy from you over and over again.
45. No news is bad news – Follow up with your customers, see how they’re doing and see if you can fix anything up for them. Listen, the average person is not going to call up your business to complain about something minor, they’ll just make a mental note to never do business with you. Following up gives you the opportunity to learn what’s bothering your customers, fix it for them and keep them happy.
46. Build a network – Doing business alone is well lonely. Build a network and use that network. You can use your network to learn about new markets, new marketing strategies, bouncing ideas and for support.
47. 80/20 rule – The 80/20 rule is a famous principle when it comes to business and marketing. Basically, it means that 80% of your income is going to come from 20% of the things you do. Or, 80% of the things you do are only generating 20% of your income. The way to use this rule is to find out what the most important 20% of the tasks that bring you the money are and do them a lot.
48.Learn, Learn, Learn – Put some time aside to learn and discover new things related to your business. I know a lot of people absolutely hate doing this and that’s exactly why this is so important. It will become your competitive edge before you know it.
49. Hire a mentor/coach – There’s working hard and then there’s working smart. I think you need both of them in business. Working hard comes from knowing your market inside out and going the extra mile to keep customers happy. The working smart part comes from working with a coach who can point you in the right direction.
50. Be yourself – It’s your business, you didn’t start it to just follow someone else. Let your personality and uniqueness shine in business. It’s your business, you call the shots.
Alright that’s it from me. Any tips you’d like to share? Let me know in the comment box below!
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these pointers are really cool , any new comer to the business should definitely follow this , it really helped me , i will take care of some pointers in future
I have read all three parts of this post and i must say it is really impressive.
There is no harm in doing mistakes but learning and evolving sohuld be must