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…

Continue reading →

Production of decorative stone as a business idea
We will begin our consideration of this business idea with a short history. The first building material that was used by our ancestors thousands of years ago, and only in…

Continue reading →

What a business depends on - 5 digits that an entrepreneur must know (part 1)
Are you an entrepreneur and do you have your own business? Or strive to open a business and become an entrepreneur? Have you ever wondered what the business depends on…

Continue reading →

establish business processes

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 … I don’t know, maybe :-). But it may not be … At the same time, of course, if you understand that nevertheless this is not it, do not wait for years … rebuild. In simple words, close this business and start a new one. I think this is understandable.

Mistake # 6: business alone
The sixth mistake of beginning entrepreneurs is that they do not hire employees. It’s not easy for one to cope with all business tasks, understand. 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 establish a business (part 1)

On the topic of how to establish a business, I already wrote in an article on how to organize your business. But since setting up a business is not the easiest thing, let us return to this topic again. In the future, we will probably come back again. In today’s article I will share my opinion on how to establish a business from the point of view of its systematization, i.e. division of business processes into several subsystems and their integration, and organization.

I would like to note (although for you this, the reader, from the point of view of running your own business it may turn out to be insignificant), that this article was placed under the heading “Starting a business” and not “Doing business”, although, probably, the second would be more correct. Continue reading

How to increase profits in your business (part 1)
If you are an entrepreneur, then you simply have to constantly ask yourself the same question - how to increase profits? Profit - this is business. The whole point of…

...

Industry Analysis through 40 Questions (part 2)
Competitors and Competitive Industry Analysis 22. How many competitors in this industry? Analyze your piece of the market, i.e. those with whom you are really competing. But be aware of…

...

How to sell goods well - learn from Amazon
How does Amazon sell products? As I said, we’ll just go point by point along the route that is offered to the visitor on the site. And we will, of…

...

Copying a business, or how to capitalize on other people's ideas (part 2)
How to capitalize on other people's ideas, or how to copy a business? Firstly, a little reservation. I do not want to say that the world does not need new…

...