Factors Affecting Business Development
What factors influence business development strongly and constantly? We are talking about three business factors (or elements that are more convenient for anyone) - attention, reputation and trust. They are…

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Reduce business expenses - a way to increase profits №5
So, dear undertook, we got to the fifth, last in our list of ways that increase profits in our business. This will reduce costs in your business. Prior to this,…

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How to study the market and why is it needed? (part 2)
5 steps to explore the market 1. Set the goal of market research. Do not just collect information, but decide (or rather, understand) what do you want to know? Why…

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control absolutely everything

How to increase business efficiency or reduce inventory

Entrepreneurs always have the question of how to increase business efficiency. Efficiency in a small business needs to be increased constantly, looking for new ways and opportunities. And one of the possible ways to increase efficiency in your business is to reduce inventory, however strange it may seem. We’ll talk about this today.

Why less inventory is a more efficient business?
First, inventory is a cost. First you need to purchase them, and then store them in a warehouse (which, by the way, is most likely for rent, no?). Continue reading

The main tasks of an entrepreneur, or what and how to do if you are an entrepreneur (part 1)

I will say right away: this topic should be considered, as it were, in a special plane, or something … What do I mean? I explain. I am a supporter of the opinion that marketing in business is everything. And I once wrote that 90% of your time, efforts, thoughts should be directed to marketing, to search and retain customers. And marketing, as a specific task, is not in the list of 10 main tasks of the entrepreneur. In order not to allow misunderstandings, I decrypt. You need to look like this: you have a task, it is out of the 10 main ones that you will see below. This task, first of all, should achieve your marketing goals. Simply put, the 10 main tasks of an entrepreneur, listed below, are a tool to get more customers, which is marketing. And this, accordingly, more profit, right? 🙂 Why else open your own business, because …

So, I present: Continue reading

Car rental as a business idea
Many of us have long been planning to open our own business and work only for ourselves. However, among many business ideas, people are lost, afraid to invest their hard-earned…

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How to increase profits in your business (part 2)
How much will profit increase? Above, we have listed five methods for increasing profits. How much profit will increase depends on how effectively we implement all the changes in the…

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What a business potential consists of - 10 basic elements
The main components of business potential The main components of a business’s potential are what business depends on the most. As I understand it, and so I talk about it,…

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