How are you today? Let's learn about something which you don't want to have in your life if you are doing a business. Because when a situation comes when you come face to face with those things, you have to know how to tackle it...
1. FAMILY & RELATIVES : These people pressurize us to have a safe life. And have a stable job in an awesome company (whatever it may be) and be free of the risks behind starting a business.. They always want their loved ones to study hard and get into a good job and lead a settled and stable life.. Because there may be three reasons...
1. They don't have any earlier experience about business.
2. They are not thought about doing a business in their schools or colleges.
3. The rumors about BUSINESS that it is always risk to start it.
2. CAPITAL: People think of the capital amount first whenever they want to start a business.. People just don't know how the business loan from a bank works? People just feel that they have to pull together their whole life's earnings to start a BUSINESS. But its not true. See, People have started many businesses just with $1000 to $10000 (Rs. 60000 to 600000), Which is very easy to get as a loan from a bank. You can give back all the interest wit the capital amount within months of starting your business.
3. TRADITIONAL WAY: People think that they have to pay the salaries of the employees without earning any profit from their business for months or sometimes withstanding great losses in your business.. That's not true..
You can earn a good profit in your business even after giving out the salaries to the employees, maintenance, and etc..
4. WORKERS/EMPLOYEES : You must be strict on the workers/employees , No matter how good you are and how kind you may be and can't be strict, you have to be somewhat strict and make your workers punctual and make them produce good quality as well as quantity of products/services. This may be difficult if you weren't strict before or if you have a helping nature... Don't worry, you still have many solutions for it... Don't be loose to them or it may make your business fall in a year or so.
5. A PROCEDURE : You have to prepare a procedure for everything. Like for e.g.,you have to conduct meetings with your employees/workers every day at least once, So that you are updated on everything your employees do and how the production, sales and marketing is going on. According to which you have to work on the plan towards improving it. Some of the other procedures are : Taking a leave, Giving a Quotation for a project, etc..
And making procedures work is very difficult.
6. REPORT : Preparing reports on each and every process which is taking place in your company is very important for every business to be successful. You have to make reports and analyze each and very report , so that you can improve your business furthermore and get more profits and expand it.
Thank you guys for reading it ...
Regards,
Dhandeshwaran K S