10 way to develop your business

10 way to develop your business

Do you want to became the king in your
business? If yes so i am here to tell you about how you can do it. Here are the steps by which you can do that what you want in your business.If you get these point you are going to rock in your business. I will give you reason why business fail and how to improve.

10 way to develop your business

Reason no. 1

 Missing innovation around customer's money making model. 

In most of the business people don't see customers profit model. It means how customer feel that he had done a great deal. 

To do this you can give your customers

1. Profitability

2. Growth

3. Cross margin

4. Brand equity

5. Speed of transition

Now the question arise that how innovation come? Now understand how to bring innovation.

You have to solve a problem in customers life which customer can not solve from its own. 

Reason no. 2

Negative cash flow/Negative working capital

This is one of the biggest reason why a business fails. Negative cash flow means growth with no money in hand. You should always avoid negative cash flow.

That is:A CHEQUE IN HAND MEANS NOTHING YOU NEED CASH. 

Don't  let cash delay in your business. 

You should try to take payments before sales or just after the sale. 

Reason no. 3

Some people think that they will make a loss making business in first give so much discount and we the customer base is ready I will earn profit. Let me tell you sir you are going to have a big loss in that. From the beginning you have to see your profit source. You have to see from where and when you will recover the margin. So in these types of business you have to plan first.

Reason no. 4
Lack of talented manpower
I want to ask you do you have a team with
1. High potential
2. High performance
3. High skill
4. High will
If you want I tell you how to build a high performance team comment  please. You should have  a high performance team to make great business.
Part2:https://factman34.blogspot.com/2019/11/10ways-to-increase-your-business-part-2.html?m=1https://factman34.blogspot.com/2019/11/10ways-to-increase-your-business-part-2.html?m=1

• Remaining point I will tell you in next part. For more business related articles please give a regular check to my site