make it your business to understand your business
Hello everyone
Here is something i think everyone can use. I wrote this after reading tons of different posts on this forum and evaluating the problems and issues people are having with their business.
Successful business owners think and act like business owners,not consumers. That's why i say successful business owners make it their business to understand their business.
Part of understanding your business means understanding the consumer. But successful business owners rely on business strategies,as opposed to consumer strategies, to produce profits and grow their enterprises.
But you'd better believe that successful business owners understand pricing. Business owners don't just randomly pick prices for their products out of thin air.
Successful business owners factor in dozens of variables and then set fair and reasonable prices that offer consumers a good value while creating a profit for the owner.
Most inexperienced business owners try to evaluate their business by applying their experiences as consumers.
Consumers are conditioned to believe that "cheaper is better,"
This is a big mistake. (I was guilty of this myself)
To be successful,people need to take off their consumer hats and put on their business owner hats. Truth is, if you want what successful business people have, which is, financial freedom, a great lifestyle, a college fund for your kids,etc.
Then you have to do what successful business people do.
Make it your business to understand your business, and then work at your business on a daily basis.
Here is something i think everyone can use. I wrote this after reading tons of different posts on this forum and evaluating the problems and issues people are having with their business.
Successful business owners think and act like business owners,not consumers. That's why i say successful business owners make it their business to understand their business.
Part of understanding your business means understanding the consumer. But successful business owners rely on business strategies,as opposed to consumer strategies, to produce profits and grow their enterprises.
But you'd better believe that successful business owners understand pricing. Business owners don't just randomly pick prices for their products out of thin air.
Successful business owners factor in dozens of variables and then set fair and reasonable prices that offer consumers a good value while creating a profit for the owner.
Most inexperienced business owners try to evaluate their business by applying their experiences as consumers.
Consumers are conditioned to believe that "cheaper is better,"
This is a big mistake. (I was guilty of this myself)
To be successful,people need to take off their consumer hats and put on their business owner hats. Truth is, if you want what successful business people have, which is, financial freedom, a great lifestyle, a college fund for your kids,etc.
Then you have to do what successful business people do.
Make it your business to understand your business, and then work at your business on a daily basis.
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