How to succeed in business - a list of the most important factors
I am not writing this article “How to succeed in business” at all. The other day, I accidentally stumbled upon a list of success factors in business with which I…

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How to establish a business (part 2)
2. Which of the processes has the most significant impact on profits in my business? Here, rather, it’s immediately clear, but nonetheless. It’s immediately understandable, because I believe that in…

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What a business depends on - 5 digits that an entrepreneur must know (part 2)
5. Lifetime value of the client / Cost of attracting one client This indicator will allow you to understand how much you will get back from each invested ruble. In…

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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

How to do a SWOT analysis (part 2)
Step 2. Analysis of the business environment In this step of the SWOT analysis, we must analyze in more detail all of the above factors and understand what they actually…

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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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The most important factor for business success
You want to know a lot of things, to be able to do even more, but if you don’t make a decision, if you are not ready to act, you…

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Mistakes of novice entrepreneurs - 10 most dangerous (part 2)
Mistake # 5: impatience A common mistake of aspiring entrepreneurs is impatience. Business takes time, be patient. If you want to earn a million in the first month, hmmm ...…

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