What is business means
A business is an organization where people work together. people work to make and sell products or services.
A first focus of business is to get profit from product and services which provided in market .
Tips for startup business
- Innovation for customer money making model . (what problem are your solving in your customer life. )Which he cannot solve on his own find out the need of a customer.
- Negative cash flow negative capital don’t do business in credit basis(money is a blood of a business)
- Expansion with negative margin
- Talented manpower
- Increased scalability of your business
- Product planning (find out your perfect customer)
- Product timing in market
- Make an barrier for your competitors
- Customer feedback (complain is a gift catch it)
- Business model
top 10 business development – points / Tips for startup business
The process of translating an idea or invention into a good or service. That creates value or for which customers will pay. In business innovation often results when ideas are applied by the company in order to further satisfy. The needs and expectations of the customers.
Innovation play a key role to build a new product in a market .Help to solve a need of a customer . If your product or services help to solve a problem of customer then demand of your product will increase
Negative cash flow mean
Negative cash flow means : Negative cash flow describes a situation . In which a firm spends more cash than it takes in. If a business experiences negative cash flow over the long term, it will likely fail or be sold off. Unless investors are willing to inject more money into it or loan from a bank.
Expansion with negative margin
Expansion with negative margin: Gross profit margin can turn negative when the costs of production exceed total sales. A negative margin can be an indication of a company’s inability to control costs or compromising with margin and sell product in cheap . Some time business man think first first grab market acquisition , make loss leading strategies and sell product in cheap . If you don’t know from where you will get the profit your business will be shut down
Talented manpower: A Talented manpower build a high performance team to run your business . The team with high potential ,high performance, high skill , high well team find out the edge of your team and give them a direction to work . IF you want to run your business smoothly you need to build high performance team. Talented team is most important aspect in business . If you want to increase your business then you need a manpower talented people . Whip out the people which creating a barrier in your team. You will find rotten apple in your team because labor cost is also biggest cost in controllable expenses .
Increased scalability of your business
Increased scalability of your business : Find out to scalability in your business to expand your business to all over . Make your customer loyal customer Retain your customer find out their needs make a recurring revenue from your customers .
product planning And control
product position in market . find out your customer which is your customer . With their gender , age, needs, . Find out your market demography ,and market physiography to present your product. Define your product are your product problem solver ,best, cheapest, best value. product planning And control.
Product timing in market
Releasing product as a laggard you should know product timing . when to launch product . find out market adoption curve . To get a good position in a market and to competitive with others .
Make an barrier for your competitors ( competitors Analysis)
When you start a business your competitors analysis your moment to give you a competition . If your product or services is unique and different from other . Make an entire barrier make an intellectual property rights.,patent and licensing ,proprietary technology. This is called entire barrier . Make your brand equity , brand loyalty . Try to do competitors analysis by your side to get some ideas and fail their analysis
Customer feedback form
Customer feedback form is very important. If you listen to your customer they will give you an idea . What kind of problem they are facing with your product or services . You can sought it out and find out the solution to increase your business . Customer feedback form will help you to analysis your gap .
A business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The process of business model construction and modification is also called business model innovation and forms a part of business strategy.
this are the top 10 business startup – points, Tips for startup business