10 KEYS TO SUCCESS MERCHANDISE
10 KEYS TO SUCCESS MERCHANDISE
You have to have any special knowledge relating to the business to be run. Without knowing the ins and outs of a particular product or market dynamics, you put yourself up for failure. Lack of knowledge will make bad decisions and learn from costly mistakes is not easy for entrepreneurs. When you set the business, there is only one narrow opportunity - one or at most two years - where you have to be successful before you run out of resources or energy. Regardless of the specific knowledge, you also have to understand the basic trading area and your business quickly, ranging from accounts and administration to marketing and production.
2. Confident
Launching a new business is a struggle and without the confidence and ability to see the situation, it will be easily destroyed. Employees reflect moral entrepreneurs and if they feel you are dishonest or unsafe, they will become restless and no motivation. You have to learn to keep fear and anxiety in the hearts and merefkeksikannya personally. Before the public, you must be a figure of calm and confidence.
3. Tenacity
The ability to look at the situation is a quality that successful entrepreneurs. Such a person can survive in an uncertain business conditions with determination and tenacity. A strong will is more necessary in the early stages of business, even when shocks occur in small businesses. Employers must learn to rise from failure encountered.
4. Proper motivation
Why do you want to start your business? Is simply to make a lot of money so you can buy a condo? Is there anything that drives you higher? Employers who have higher motivation than just the value of rich tend to build a business that can last a long time. They are driven by the desire to create something worthwhile. They provide benefits in the environment by providing products and services that are unique or do something with a better way so as to provide welfare for everyone. Of course, they also become significantly wealthy, but these are rarely used as the primary motivation.
5. Creativity and innovation
Creativity is the ability to provide a unique solution of the problem. Successful entrepreneurs adopt a creative problem-solving techniques to address the challenges. Creative and innovative thinking are thus needed in all areas of the market to fill the void, and visualize products with systems and procedures more efficient and cost effective. Sometimes, it only takes one good idea to change the fortunes of business and pull out a good product.
6. Strategic outlook
No successful business without a strategic view of the changes many things. What steps should be taken in the future? What new products are launched? operations should be consolidated or expanded? investment of money or build capital reserves? what steps the next competitor? Will the economic downturn? The answers to these questions depend on the entrepreneur's strategic outlook. An entrepreneur who has long been crisscrossing the business world has such experience or just by relying on having a good chance of success because they can sense which way the wind blows and will steer the wheel in the direction of the wind.
7. Leadership
An entrepreneur must be able to be a leader. Leadership is a quality that provides guidance and inspiration to those who see you. Many people are lucky to be born with leadership qualities. For others, a skill gained from hard work and experience. However, there are no entrepreneurs succeed without leadership qualities to motivate the people who work with him, encourage them to give their best and determine the direction they are heading.
8. Eliminate ego
Entrepreneurs with high ego can not appreciate other people's views but his own. They are easily offended and talented people who will find it difficult to work with. This could be the base of the problem. Employees with a degree of self-respect and intelligence will leave the organization or seek a low profile at work. Those who are ambitious will tell the boss what he wants to hear only. A selfish businessman can not judge employees on the terms of their contribution to the company. They will judge it from the standpoint of likes and dislikes. Such entrepreneurs would be fine competitors.
9. The ability to turn
Flexibility in thinking is a key quality for entrepreneurs. They should be able to change the views and strategies based on the situation. To do this, the ego needs to be eliminated. If you have properties that way, you will not admit you made a mistake and refuse to take responsibility for your decisions. Employers who selfishly continue pouring money for projects that have no hope of benefit. One of the most famous examples - which is still taught in business schools - which have the ability to turn is Microsoft. The company ignored the popular Internet phenomenon began when dipenjuru world. After two years of ignoring it, Microsoft is reviewing its position and "turned the company in a heartbeat." In making the change, the company dealing with new technologies, acquisitions, new product release, and is now at the forefront of the Internet revolution. All this would never have happened if the top managers are not flexible in their approach and be humble enough to say "We made a mistake in this."
10. Ethics
Ethics is the biggest factor that heard the prospects of the company for the long term. Associates - suppliers, customers, employees, bankers, shareholders - do not like to deal with a dishonest businessman. They will be difficult to relieve her pain and should always be vigilant. Honesty and ethics are the seeds of trust and when people begin to trust you, a lot of doors will open.
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