- YOUR BUSINESS AND YOU
- First and foremost thing for a business to be successful is what qualifications or credentials you are having for a particular business. Do you understand the intricacies involved in the business you are going to undertake. A proper and incisive know how is a must for making the business in hand tick. Then comes how much of capital you would be putting in your business, manpower or human resource requirement for the business to be taken in hand, infrastructure requirement, raw material to be used for the finished product you will be requiring (may it be opening a school, college or any other educational pursuit, this is important), etc. Now you have planned these, as a first step, then you are able to start looking for the second step i.e. how to go about that your business takes upward march.
Some of the tips, which if followed, will bring you rich dividends:-
a) Whether your business is capital intensive or labor intensive?
If capital intensive then the input of capital has to be earmarked and then employ those heads which will multiply the capital in hand. If labour intensive, employ manpower which may lead your increase of capital input. Suppose if you are on a BPO business, employ the people who are knowing the market and devise ways to increase the publicity of your organization.
b) Devising of future strategies for enhancement of your business in its perfection.
c/ Loopholes which could be plugged in enhancing your business pursuits.
d) Employing the right types of people with right aptitude and attitude to your business. Can they give you 100%. Go in for go-getters rather than fair weather employees – those who can ditch you after getting training etc, should be excused and weeded out in the initial stages itself.
f) Period for your business to fructify, when your business should start giving you returns and how much vis-a-vis the investment made by you and what is its gestation period should be executed and planned beforehand.
g) If your business start yielding good results what you will do with the inflow of capital from your business. Would you employ that money to expand your business still further or will put your returns in the safe bank for interest accrual? It would be in the fitness of things that you remain pump-priming your business with more funds for making your business immune to the outer pressure like inflation, uncertainty in the market, competition from other market players, etc.
h) In all your business pursuits, make your Creator the business partner. In this way, whatever you would be doing would be above board, there would not be any shortcuts to enhance your business, there will fairplay in every way, there would be sincerity and honesty and that is the crux of business having GOD’s Speed. And that speed is one which makes everybody with whom you are connected partners in action for a cause. The business with Him as a Partner, will give you rich dividends of latent satisfaction, immeasurable in value terms.
j) Your goal, your aspirations, your truthfulness, your drive, your trust in others create conditions automatically to make your business tick even with smallest capital in hand. Even with shoe strap capital we have heard people making huge profits in business with these qualities.
k) Reach and research the market for your goods and services you are going to market. You will have to make a correct survey based on past experience.
l) Section(s) of the people you are going to attract to your business with your enterprise and tact with your clear perceptions and balanced mental build.
m) What ultimate desire you have for your business to be successful. And for that ultimate the Ultimate Power will start devising ways and means for making your dream realized.
Come what may, if the aforesaid commitments are put to use, any business will bear fruits in not so a distant future. Attitude makes a difference.
I shall make it amply clear that all the above stated ideas are flowing from Him. I have no experience of any business pursuits. But if given an opportunity, sure enough, I shall use these as a stepping stone to fructify the business in hand. Amen. God be with you to make your endeavour a great / roaring success.