Keeping united while diverse—and out to woo millennials inquirer. SSI alone has more than brands. Tantoco and her siblings have stood united through the decades, and continue to grow the business under the guiding presence of their widowed father, now
The fact is that this idea will most probably work if you execute it right. The world is full of entrepreneurs who came from absolutely nothing to becoming some of the most influential people all around us.
Forget about technology, IT and social media for a minute. Did you know that professional dog walking is a profession that pays thousands of dollars a month? I mean who is the mad genius to come up with this idea.
If you want to turn back, we completely understand given the hostile situation of the market with 80 percent of startups failing in the first year. The chances of success are pretty slim and statistics make it even worse. Every great business was once nothing more than an idea whether it was about a new product, service, trend, innovation, or even a movement.
So, take a deep breath and pause for a moment. The first thing to realize is that there is no need to rush anything so be patient. In fact, the best thing you can do is get a job in a running business similar to the one you wish to start.
This is the smartest move any young ambitious individual can make to get some experience working in the business that they wish to start one day. Get some experience, learn from the big boys and look for those with similar ambitions to yours.
Plus, you would also be making some money which you can invest as your business budget. Coming back to your business, here are a few things you need to look at and understand before your dive in an ocean full of sharks. State your business vision and mission Your business starts with your mission statement.
A mission statement should answer three question: What your business does, for who it does it, and what value they give or get in result? The statement is important because it defines the products, service, the business itself and the customers. This follows with your vision statement which describes how your organization will look in the future when it achieves its mission.
Alright, so affordable loss is basically coming up with cheapest alternative or creative ways of doing things at little or no cost to yourself. This is done reduce, manage and use finances in such a way that losing them would not hurt your business.
You can waste 10 million if you do not assign and manage your budget, and save some from 10 dollars if you do so. Knowing where you invest and what get in return.
Form your marketing and communication strategy If you ignore the importance and potential of marketing in your business, you might as well find another line of work because marketing is the most important activity that can ensure your business not only survives but thrives.
However, marketing is another science of its own so first, you need to understand the difference between selling and marketing. Selling is about getting rid of what you have in your store whereas marketing is ensuring that what you have in your store is exactly what your customers want.
Start your marketing with social media, let friends know about your business. Have them refer your business to others? To get them motivated, give them referral discounts or gift cards. A website is mandatory as most businesses are now online thanks to change in consumer trends.
Secondly, you need to have an effective communication channel to reach your customers or have them reach you. Trial and Error If you assume that your strategy is going to work from the get go then you need to wake up.
There are going to be more failures, let downs and losses. Think of all the product launches you see, hear about or read about every day. Some of these take years of development and research to not only perfect the product itself but also ensure that it will be successful in terms of sale and revenue generated.
New businesses should always have a failsafe or a backup or plan B. So, to summarize, start small and aim big. No need to have a fancy office or big facility with fancy decorations and big teams. Instead, try saving energy, subletting, collaborating and forming fruitful partnerships. The first stage is about exploring your own business by taking manageable risks.
If you have taken the time to read this far, then good luck.Alphanetworld Corporation by Mary Grace B. Tantoco added 12 new photos to the album: NWorld products. View Margarette Munoz’s profile on LinkedIn, the world's largest professional community.
Margarette has 4 jobs listed on their profile. See the complete profile on LinkedIn and discover Margarette’s connections and jobs at similar companies. With a robust detail oriented business plan, there also may be robust potential that buyers will get funding your agency, especially if they see an impending success on it.
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Patrick Tantoco is a dual registered financial advisor in Honolulu, HI.
He has been in practice for 10 years, the last 5 years at Independent Financial Group LLC. See More About Specialties & Services.