Business is simply the ability to solve problem or get money from proposition and application of ideas that best works according to one's purpose. We are all engaged in one or two productive activities irrespective of our line of professionalism or career. We go up and down in search for greener pastures everyday, we do mistakes and make corrections along the way, we meet people who add value to us or teach us some of the most bitter lessons of our life, which serves as an unforgettable experience to us. We live to do business but we never take some factors into cognizance about it.
Some business do not grow because of these reasons.
5. They think about profit and not the purpose. We all have reasons for doing something in life. We all have reasons for engaging in a specific business but most people don't have genuine purpose or reason for starting a business venture and in a short while, love of money will make their eyes to be obscured or not focused on the primary purpose the business was set up at the first instance. It is commonly said and scarcely noticed that when purpose is out of place, failure is around the corner and unfulfillment is the eventuality of the circumstance.
You care to run a winning business?, focused on the purpose... Focus on the why first and answers will be provided for the rest of the W's and H questions.
4. They lack good vision of long mission. Vision is simply the ability to see beyond the physical. Vision is what guides the nature of mission on the pathway to relevance and importance. Most people do business without knowing where the business is actually going 5-10 years from now. They think setting up a business is not as important as having good vision that will sustain it's mission. Knowing where you are going is as important as knowing why you started. You care to run a successful business, you must have a clear vision that can carry you into a new phase and on a long run.
3. They hardly use the technology of today for their business success of tomorrow. The world is fast changing in developments and inventions that births new trends in which problems can be solved within a limited period of time. There are some technological advancement that is useful for the upliftment of your business which you should have taken notice of before now. Those technology might be simple application of ideas, they may even be expensive gadgets to afford or procure but if you are able to afford them, you will avail yourself much opportunities that come on every side in that business.
2. They lack effective strategy (overall plan) and tactics (immediate deployment of action to solve a problem at hand) that can boost their business. It is often said that luck is what happens when preparation meets opportunity.
If you don't have a sound preparation that can possibly beat your competitors in this century, including the application of strategies and tactics that is useful for the development of your business business, you will be whiling away your time and unknowingly resting on your oasis.
1. The service they render doesn't meet their customers expectations, therefore guaranteeing zero chance of success for them. Quality service and superior performance work hand in hand. In every business, see the customers as the king because they are the ones who bring the money and see yourself as a servant that should be always loyal. Thinking of quality service first ahead of the profit you want to realise keeps your focus on purpose and saves you from impending confusions. Satisfying the customers needs is the crux or most important in this subject discourse. Make sure that your business delivery is up to task and void of customers complaints.
Never be in a haste to make the money but let purpose guide your actions.
