If you see Bill Gates or Mark Zuckenberg, surely you're tempted with their incredible wealth. But fixed to you, that they also started it all from their small business. And none of those who suspect would print the success it is today.
The novice companies turned into successful companies worth billions, trillions even in the business world it's no difference with winning the lottery. Put all of your money and hoping to get a jackpot, you are thus going to be derailed.
The following 10 rules for starting a small business. This list is more to make You aware of the fact that there are, rather than pursuing the dream of Your most insanely in doing business.
1. More realistic.
When you create a business model, take a look around and find examples of the success of the business model that you want, and then learn. If you can't find, whether you are an incredible genius or your business model would not work in the real world.
2. Do not invest its own money.
Because most businesses are a risky journey, look for a partner. So, if everything doesn't go all plans, You would not go bankrupt because of start-up funds, and not pursued the debt.
3. work hard.
If you are not willing to work hard, overtime, forget the personal benefit and health, then the entrepreneur is not for you. At first, you definitely won't be able to pay employees, employee. So, your employees, are your own.
4. Appreciate the time
Rate the money at the time, such as Rp20 thousand per hour. This will help when you have to take a decision: If a store charge Rp10 thousand for shipping each week, and you takes 2 hours to go to the store alone, then continue to pay the shipping cost from the company, because it's cheaper. It may be against the rules to the 3, but even though slaves also have economic value.
5. recruit employees as well.
Without a care about the size of your business, in the end, you will be hiring employees from outside. To that end, do the recruitment process carefully, without haste, and treat it as important as when you start a business. Very unfortunate attitude business owners who had a vision for his efforts in recruiting employees, but instead allow it to grab that vision.
6. Sell the benefits, not price.
When you start a business, it's only natural you are frustrating to market it. But, if you are competing on price, you're ultimately right to sell at a price of mediocre or even under the capital. Master the skills of communicating with customers, to explain that the price of your product is higher because it has better value.
7. Learn basic numbers.
Find out how much money you need to live the effort – from store rents, electricity, insurance employees, until the price of printer ink, paper, and taxes. Then for all that with how many days in a year You will be open, and ... that's the basic numbers – the amount of the minimum income you need every day. If you never thought about the basic numbers, just think back.
8. Use the latest technology.
New technologies such as application and data storage with cloud technology are very cheap and make small companies can compete with large corporations. Take advantage of low-cost technologies that are on the market.
9. Treat the vendor properly.
Vendor and supplier treat You as good as possible, as well as you treat the customers. They could just give a discount based on the magnitude of the volume of your reservation, or even for the sake of maintaining a good relationship and wish there was an increase in volume in the future. Good relationships make them can also understand the delay in payment, even give free shipping.
10. Be the best.
You shouldn't be half-measures. Every single thing you did to the client should be one of the best. Whatever you make and sell, must be the best. Do it continuously, and the power of word of mouth will spread.
