In INDIA if you are planning to do business then seriously you are doing a big thing. First of all, the mindset of some INDIAN people is very different they feel that doing business means you will lose all your money whatever you have earned till now. So some of your family members will go crazy on you when they came to know that you are planning to do business. On the other side some families you find the opposite picture. They will support you for your efforts and your vision. So, doing business in INDIA is kind of doing a war for yourself! Isn’t it?
Those who do business successfully are extraordinary people. They have a different kind of personality. They were very passionate about what they do. Their principles of life are different. We normal people can’t imagine living there life. INDIA has a successful business owner regardless of their companies size through which our INDIA economy is depended on it. To increase our value in domestic and international markets, they motivate the young generation to become an entrepreneur. This is very tough and risky but it can be possible to do it by keeping trust and faith in yourself.
Here are few tips from successful and experienced people from micro, small, medium and large industry sector people.
7 Most Useful Tips From Small Business Owners
- You Need To Do Hardwork & Smartwork For Your Business
- Follow All Rules and Regulation From Government
- Give Priority To Your Health and Fitness
- Keep Track of Companies Expenses
- Find Good and Right People For Teamwork or Hire The Employees Properly
- Keep Your Concept Simple and Easy To Understand
- Keep Yourself and Employees Always Motivated and The Environment
1. You Need To Do Hardwork & Smartwork For Your Business
Some business owner does this mistake. They think that “I have now opened a business or shop then the customer will come automatically and money will start flowing.” But this is not the reality. You have to lot of efforts to do marketing and generate sales which will help you to achieve your desired profit from your business. Then only your business will succeed. Our end goal is to earn money through business. So, customers should purchase your product or service.
2. Follow All Rules and Regulation From Government
We start our business with excitement and joy, but there is another side of government policies, rules, and regulations to follow and make it authorized to do business or provide service. If you don’t take required and necessary certificates and permissions from then you are not allowed to do business and you need to pay the penalties. Forming a company or organization is government property and you need to pay tax for it. This will be the trust factor for your customers and clients.
3. Give Priority To Your Health and Fitness
If you were want to do business in the long run, other long term goals and consistency to generate income on regular basis then you have to prioritize your emotional, mental and physical health at any cost. If you are fit enough then only you can give 100% commitment to your business and business goals, everyone knows doing successful business is not a joke! Some business owners involve themselves in their business and work and if you do so then this will not last for a longer period. They have to face the future problem if they get seek then who will take care of the business. Instead of that scheduling is the perfect key to maintain both business and health.
4. Keep Track of Companies Expenses
This please don’t take it negatively. This doesn’t mean you have to be very harsh while saving money, you need to spend the money whenever necessary. You need to know where you are spending the money, you have to think ten times before to make any purchase. You can’t use companies’ money for personal use or waste money for buying useless things for the company. You should make sure that for all the expenses of the company you make a proper budget for it because you need to save some money for future goals or planning to do the expansion of the business.
5. Find Good and Right People For Teamwork or Hire The Employees Properly
If you consider the current situation in the companies. It’s very difficult to find a proper person to hire for any particular job. Upcoming people tend to earn money without putting any own efforts. They think they work in the company and they need their money regularly even if they work or not. If we try to pressurize them to do their desired work properly then they will do politics in the organization. So, in the companies growth and success, teamwork plays a very important role. The company can’t run by a single person it needs teamwork.
6. Keep Your Concept Simple and Easy To Understand
We agree, being into the full-time profession of business or being a businessman your mind is always occupied with various thoughts to see a bright future. So, you have always been trying thinking more innovative and catchy. So that you will attract more customers for that service or product, but the problem is if the client or customer doesn’t understand what you are trying to sell then it will be a problematic situation. Nowadays people don’t have time, so they will come and sit in front of you and understand. So, you have to be smart enough while representing your new concept or services in front of the customers. No one likes complicated things. Your purchase should be very simple.
7. Keep Yourself and Employees Always Motivated and The Environment
Motivation plays a very important role in our lives. In most organizations, this happens if our owner is not taking any responsibility then why we employees bother about companies’ profit and loss. The companies owner is a leader for other team members and the management and people respect their decision and if he is not able to give a decision or direct them then problems will start arising. Then team members or employees of yours will not able to relay on the company and they will leave the company with insecurity for future growth.
You should celebrate small-small achievements of success, give your employees knowledge on their skills, delegate some of the responsibilities to them, give them the appreciation of their hard work and efforts. Everyone likes a positive and happy environment while working.
The conclusion is these are some tips for you to consider while doing the business. Don’t give up, learn from the mistakes.