So many businesses seem to be afraid of any interaction with their customers that isn't a simple sale. After sale service and customer relationship development is so poorly planned for and executed in most businesses that it is one of the simplest and powerful strategies you can spend your time working on. Try implementing these 5 ideas in your business and see how they can rapidly improve your performance. And why not share your own ideas and tricks in the comments below?
Tag: profitable business
The 5 Laws for a Profitable Business
Educational establishments would have us believe that building a profitable business is complex, but it’s actually very simple as long as you obey these 5 laws:
- Know your cash situation; what’s coming in and what’s going out. Hint:regardless of how bad things get you must adjust to ensure that more comes in!
- Know your market niche; exactly who you are marketing to and what it is exactly you are marketing to them.
- Over deliver on your marketing promises; this means having a well developed operations strategy.
- Accept once and for all that people can’t be managed; only led and/or inspired.
- Be there.
The 10 minute MBA expands on all of these laws to allow you to develop savant like business awareness.
Buy it today here