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    You need certain plans, strategies and feasibility study for your business if want your business to be at top of the Market.


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    Offer what people want to buy, not just what you want to sell. ...
    Get cash flowing ASAP. ...
    Always find new ways to keep costs low. ...
    When planning, always overestimate expenses and underestimate revenues. ...
    Focus on sales and marketing manically. ...
    Find ways to exponentially increase profits. ...
    Test and measure everything.


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    #63
    Join Date
    May 2017
    Location
    London, E14 8RJ United Kingdom
    Posts
    67
    Business is like a game of gambling where there are ups and down , isn't it. But creating a successful firm is a bit daunting task yet not an impossible one. For that it requires a proper planning and a right decision at a right time. For attaining success there is a dire need to manage the task properly. The first thing that one should understand in order to run a successful business is he must know how to invest in marketing.


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    Argh ... I hate it when this happens. Anyway, I've already written something - but it did not go through when the my computer hanged.

    Anyway, I was saying that I agree that people do not really realize how hard it is to start a business. It will take a lot of capital, discipline and patience.

    For capital, when you think that you've thought the numbers through and your investment will hold, you will realize that you are then patting your pockets to find more money. Especially when it comes to collections, you will realize that collecting money from customers or clients can be very tricky.

    Next, discipline. You will have a slow start and you should be discipline enough to keep going and stay focused. It is related to the third, patience. You need to keep going forward and not to lose patience.


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