C reate a company so that it continues over time, is beneficial in the short, medium and long term and know a successful application a separate expertise as an entrepreneur. Many entrepreneurs want to succeed, but sadly many fail.
I n fact, starting a business is not a simple exercise which some might assume. The statistics bear quite well: only 20% of companies which have been initiated are still in business a year later; and this 20%, only 50% are still in business five years later.
S id you know that 75% of companies focus their activities in the service sector and only 20% achieve production good? Did you also know that the industrial revolution is indeed finite and that the new economy is more oriented towards the information age and new technologies?
The company has created a demand to be constantly on the lookout for the latest changes in both internal and external environment to the company. BI is now one of the biggest challenges for the company that wants to survive over time.
Find a good business opportunity
T ll business opportunities should be based on the source of your passions . You must have the desire to work on a particular project. The energy that your desire to create gives you should increase your chances of success at the highest point.
L has knowledge of a particular area is more than important. Indeed, there is evidence that your experience more of a domain, the greater the chances of success will be on your side. A lot of people had the idea to start a business after several years working for another company.
T ll business opportunities contain the source idea. The latter can evolve, ferment, fade or come to life after a few months or even a few years of reflection. For this idea takes shape, it must have some potential.
C ontrary beliefs, it is not just a good idea to start a business. It takes much more. This idea, although it is the best in the world, will target a receptive market.
U do good business opportunity can simply translate into an improvement of a product or service that already exists. Many entrepreneurs have made fortunes with a "simple" value.
Startup company
The e startup company is the most dangerous time for a new business. The designer decides to put his ideas into execution and tries to experience a new concept that is not 100% guaranteed.
The creation of a new business can be a very good way to start a business when you are already in the employ of a position. The growth of the company is based on tempo and financial capabilities of the contractor. The costs can be reduced at its maximum.
P those rather our manager in the soul, the franchise can be an excellent choice. A strategic plan of the company is already prepared and the owner has to follow the instructions and advice of the franchisee. For cons, the fee shall be paid and there is very little room for creativity in this type of business.
E inally, it is possible to acquire an existing business. All the elements are already in place to operate the business effectively, it only remains to define a fair price for the seller and the buyer. The buyer can then manage its business as it sees fit.
The power of information
Who has not heard the popular quote: Knowledge is power ... This statement is even more significant for the company that wants to succeed and conquer the market.
Forms of information for directors of the company may come from various sources. They are all equally important as the other and each have their role.
Market information : This type of information includes the number of potential customer and competitor.
Technical Information : This information discloses both technical and technological tools a business can use.
The Customer Information : What customers think they our service? What are their impressions of our new products?
The legal information : The Contractor must constantly be aware of the rights and remedies they encounter, and in every sphere of its environment.
Marketing Strategy
The marketing strategy is to allow a company to increase its sales and revenue significantly. The strategic plan of a company must be taken seriously, and more especially in a market which is highly competitive.
Marketing involves four main criteria is often nicknamed the 4P.
These factors will be selected based on the industry in which the company operates. Here the 4Ps:
The Product : What product or service? Is it a great value for the consumer or is it rather positioned in the low end?
The price : It certainly vary depending on the product quality. The price is reduced to launch it to boost sales, or is it rather the outset positioned as a luxury item?
The Promotion : What are the tools used (telemarketing, commercial POS, media advertising, email ...)?
The spot : Will it only sold on the internet or the product will be found in specialty stores?
Marketing strategy must be established carefully when considering increasing market share of a company. Professionals in this field may also develop a strategic plan for a business is not an expert in the field.
The company finances
L was mismanagement of financial resources is a major cause of business failure. Properly administer entries and money his business outputs are essential, and more specifically in the development stage of the company.
C is also at the very beginning that the company will generate the bulk of its costs. The purchase of equipment (furniture, information systems, computers ...), the establishment of trade, recruitment of labor and interest on loans are to assume all expenses in starting a business , while the latter simply generates no entry money.
P uis, the period of growth of the company continues ... New employees must be hired and new technical and material resources must be acquired. The Contractor shall ensure the profitability of his business and generate sufficient revenue to meet all expenses.
The hen the company has several years of experience, she is considered independent and mature enough to bear its own costs of operations. It was at this time that the company will become more profitable for its owner.
Warning! Today's business reality requires managers to constantly innovate and bring to market new products otherwise the business will deteriorate gradually.
Conclusion
P make good decisions is a crucial thing, but not always easy when a business has. Indeed, the contractor is found continually in a state of ambiguity that makes anxious about their choices at hand.
D years the majority of cases, important decisions will be made by the contractor himself. It must constantly analyze the options available to them, evaluate it and make the best possible choice.
The research has just information is an important issue for the manager who must make important decisions. He will learn the best he can before acting. However, in certain circumstances, the time will fail and the Contractor shall select with his intuition and flair.
E inally, several professional resources can help the entrepreneur who needs recommendations. Lawyers, consultants, suppliers, bankers, training , and even customers can be a source of information that the entrepreneur should consider before making a choice.
Mon Jun 16, 2014 3:49 pm by 
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