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Business Tip: Focus on your net profit, not your gross profit. This gives you a more realistic view of how the business is doing.
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Business Tip: Define your Unique Selling Proposition (USP). This makes you better than your competitors: your location, your product, or often it’s you.
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Business Tip: Unless you have an exclusive monopoly, competition is everything and differentiation is the key to successful selling. Set yourself apart.
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Business Tip: Be optimistic. You have to look for the good in every situation and look for the lesson in everything that goes wrong in business.
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Business Tip: Show your passion. Business owners need to show their enthusiasm for their product or service, as well as for their customers.
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Business Tip: Don’t be afraid to do small tasks, or view things as beneath you. Show everyone you work with that you are happy to get your hands dirty.
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Business Tip: Be hands-on and meticulous. In order to grow your business, you need to be there all the time and hands on.
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Business Tip: When starting a business, in many cases, you have to put in more time than you would if you were working for someone else.
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Business Tip: The lead-up to starting a business is hard work, but remember, after you open your doors, your work has only just begun.
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Business Tip: Work on creating positive habits that will help you make money over the long-term.