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Competition and risk goals in business

As a business owner, you always face challenges to make your business grow and profitable. It is not only that, you have to consider the performances of the employees to have them the right sources to defeat competitors in business. Having a stiff competitor urges you all the time to work hard and find ways to outsmart them all. This is often overlooked strategy in your planning. , it’s important to be aware of external factors that might threaten your success and set goals to mitigate the risks, and perform well relative to your competition.

Business milestone

A business milestone refers to the specific outcomes or goals you aim to achieve as part of your business strategy. It means how many years will it take you to build a business empire or make your business like a pro? It is not easy, but this is part of your passion and purpose why create a business. It is not only for your own but for your family. That is also called short-term measurable goals to tick off along the way to your larger goals. Remember the word SMART to guide you to reach the milestone of your business. Business milestones should include the following: measurable results and expected completion date.

Execute a realistic marketing strategy

As a business owner, you have to equip yourself with strategies to defeat your competitors. After having applied the SMART technique and set up your goals and target goals, the next step would be to execute a realistic marketing strategy. Make sure you have an assistant expert on media and tech use to make your goals attainable and reachable. You must hire a smart marketer that injects a sense of realism into their marketing strategy. The more realistic you are and your marketer, the more likely you are to achieve your marketing goals and successfully attracted customers. You may conduct a mini-research to reach your goals successfully. Apply SWOT analysis in your mini-research.

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Create a tailored business model

Running a business is not an easy one. You have to burn your midnight candle just to write the strategic planning and targets exclusive of the milestone you wish to achieve according to the time plan of its completion. In so doing, you have to tailor a business style. This explains how your business makes money. It also describes how your business operates and generates sales and revenue. An effective business model is simple to understand and flexible to changes in the business environment. After reaching your goal model, your next step would be your target customers.

Business legalities

As a business operator, it is understood that you know well about the importance of business legalities. If you just create a business without following the laws, you will not prosper. You will be sanctioned by the government, especially the Bureau of Internal Revenue where you have to pay taxes for your business and that is one legality. This is one initiation of the law to protect both your business and the consumers. Business owners, employees, and consumers can feel secure and confident while doing business .

Is Feedback Session Necessary?

Feedback Session:
Feedback Session is really important in business as such it foster development and research on things that cannot be achieved

Provide and solicit feedback on recent initiatives or strategies to encourage continuous improvement.
Talk to your workers and listen to what they will tell your. talk to your customer and asked if they are satisfy. Sometimes Customers bring more ideas to a business, how about rebranding, added products and more. just look at MILO Company for example

EMAIL MARKETING IN BUSINESS

SINCE the way of doing Business has changed business ness owners should change along with it.

EMAIL MARKETING
This is a way you communicate with other email users
Email marketing is a potent tool for engaging and nurturing your audience.
*Craft personalized, relevant content to resonate with subscribers. make an email list to send targeted messages that cater to different interests.
*Use compelling subject lines to increase open rates, and ensure your emails are mobile-responsive for seamless viewing.
*Incorporate clear CALL TO ACTION guiding recipients to take desired actions.
*Monitor performance metrics like open rates, click-through rates, and conversions to refine your strategy.
Valuable and consistent email communication can foster stronger relationships, drive sales, and keep your audience informed and excited about your offerings.
WHY NOT TRY EMAIL MARKETING TODAY!

TEAM BUILDING ACTIVITIES

As a Leader Engage in team-building activities that promote unity and camaraderie. Activities like escape rooms, virtual trivia, or team lunches, picnic, travels, launch break-out can strengthen relationships, improve communication, and boost morale.

These activities encourage collaboration outside of work tasks, helping team members connect on a personal level and work more effectively together. also seeing their skills and helping to nurture and bring it out to limelight will help alot. some of them may be to shy to work up to you to ask for help.

WHO SHOULD BE PAID SALARY FIRST EMPLOYEE OR EMPLOYER

Who to get paid depends on your business's financial situation and ethical considerations. Generally, employees should be paid first as they contribute to your company's operations. Ensuring their financial stability fosters loyalty and motivation.
However, business owners must also receive adequate compensation for their efforts and investments. Balancing timely payments for both parties is crucial for a healthy work environment and sustained business growth. Open communication about financial challenges can help find fair solutions that benefit everyone involved.

THE NEED FOR AN ACCOUNTABILITY PARTNER AS AN ENTREPRENEUR

In My the entrepreneurial journey, having an accountability partner is like having a compass guiding you to success. Whether it's meeting goals, staying on track, or maintaining work-life balance, this partnership fuels your growth. I had a partner that always keep me on my feet daily so i can stay out of poverty. it was poverty in my life that made me become an entrepreneur in network marketing. Share yours with me.

MAKING BAGS FROM OLD NEWSPAPER FOR STORES AND SHOPS

This vacation as a student if you can lay your hands on old newspaper at home you can produce paper bags for retail buyers to put their purchases inside.

MATERIALS NEEDED;
1. Newspaper/Calendar paper print
2. SCISSORS
3. RULER
4. GUM

With the scissors you can shape the newspaper to a beautiful sizes like square, rectangle, oval, star etc.
do you know that packages entices and keep a customer. let me know if you want to try it out.

Book or Podcast Club which one do you prefer?

i love both both i think i will prefer book to podcasting. one can be less expensive while another expensive.
with a booth especilly the hard copy i can lay emphasies on some point and can underline some point i really find interesting.
This initiative can encourage knowledge sharing, spark interesting conversations, and provide fresh perspectives that benefit everyone's development

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