Steps to Run a Successful Business

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Running a business is like building a big house. Let's say you want to build 7story building. You have to get a good land first. Draw the plan of the house, check the engineer that will build the house 🏠.

You will sit down with him to calculate how much it will take to build the house. And materials you will like to use. How many workers needed. How long it will take to build the house. You will also set some money aside for emergency or any other thing that may come out during the building of the house.

All this things and many more are needed bef going into the building proper. Now as you are thinking of business as a company or as individual. There are things you need to consider.

5 Steps to run a successful business

Business plan

You have to sit down to plan the type of business you want to do. The name of the company. The vision and mission of the business. What you have to offer (value) your products and services. Why do you think that your business is the best. And why do think that what you have what masses need.

What is your future plan about your business. This is because, you must have planB in your business in case something happens to the business and require more money . Many businesses has collapse because if no proper planning and back up capital in their business.

Products and services

Each company has a Star products. It is that products that you will talk more on when introducing your products. For example, when the company am marketing their products came to Nigeria in 2019. They did market survey and find out that many Men are suffering poor ejaculation.

They gave out one of their products called Fs-Desire oil free to 20 men to use and bring feedback. In just 7 days, the testimony was everywhere. They also talk about their products called Art-plus for brain.

Everyone on Earth has brain and after reading the active ingredient in this products, Many people bought it and not just that. They took it to doctors and explained it to them. As am talking to you now, EMD products has taken over in Nigeria. That is power of products and services.

Know your target in marketing

In marketing, if you are talking to everyone, you are talking to nobody. Whatever you are marketing has target audience. Target only those who fit in in what you are marketing so that you will not waste so much energy talking to people who are not for your products.

Imagine telling aged people to join hive. No matter how much time you put in to educate them. They will not understand it fast. But if you target graduates and vibrant young men who are looking for opportunity. They will listen, ask questions and once they understand it, they flow with it. So for your business to flow you must target those who will be part of your business.

Continuous plan

This has to do with your plan to produce more products if the demand for your products is high or there is no market for it.

First you must have plan for supply. If your customers demand are more than your intial plan of production . How do you meet up their demand. Some companies find it difficult to supply products to their customers because they don't have enough capital to produce more products. And the results, they lost all the customers they build to their competitors.

Another one is this, what if people do not buy the products as you plan. What other strategy will you use to market your products. I remembered when organic Gold milk was introduced in the market. At first people bought it very well. But with time the demand reduced. But because the company has good plan for their business they were able to stand the test of time and today, they are in business.

Management and organization

You have to convince your customers that what you have for them is unique. Your company vision and mission is important. Let them know that your company is registrared number of your products. Production date and expering date. Mention where your company got their license. For example (ISO, 54576, 2023) something like this build your customers trust in your products. There is much to organization in business. Running a smooth and successful business requires skill, patience and persistency.

you need to mention the name of the CEO Where the company come from if it is not in your country that you want to market it. The managements of the company. All that you have is store to ensure successful business.

No sentiment in business

In building a big business, you may not really need your family members to build it. Sometimes so many of them are not seeing what you are seeing. The business is your vision not there vision. You need people who think the way you think. People who are ready to work with you

Not people who want to eat without working. People who are driving by vision are those you need in building your business. I personally made that mistake in my early years in business. I tell you it took me nowhere. Take for example, many of us who are working hard on hive Blockchain

How many of them are here with their family members. Very few of them. It is like that in different business. It is only when you succeed that your family members will come around. But still you have to be careful. Any small mistake can ruin all the effort you have put in business for years. How painful it will be to see your hard work going down each day because if sentiment.

Finally, you can build a strong business if you have good plan, good market strategy. Good management, good customers. Capital to back up in case anything happen why you are building the business. With all this in mind you will run a great business.