Are you planning to start a new business? Before that, please refer the few simple rules which will be helpful for you to build successful business. You need to have good planning and organizational skills before starting a business. Here are 5 thumb rules to build a business.
1. Do something instead of being idle :
Most of the people are always planning about a business but they wont step in to start the business. Planning is important for a business, at the same time only planning will not achieve anything. Planning is just your thoughts and ideas. The way you are implementing is a matter. So, do something which will show you the way to stand in a next level.
2. "Aim more, Achieve more" :
Once you started business, do not aim for 10 to 20% improvement which will not take you to the next level, instead you always be in the same level with less profit. Hence, your aim should be high always. Plan the ways to achieve at least 70 to 80% profit in your business. So that you can get at least 40 to 50% profit. Dig deep and decide something different which will radically improve your business.
3. Build up reserves for money :
This is an important rule to start a business. Do not spend all your money for business. Always have some money in your hand which will be helpful in case of any loss of something bad happens in your business. So, better to think about the reasons for business loss and plan your business accordingly which will save your money and effort.
4. Never give up until you achieve :
If you are new to that business, you may get profit or loss. In case of any loss happens, identify the mistakes that you have done and try to overcome in future. Do not feel bad about business loss, as it is a good opportunity for you to know about your business in details which you do not know before. Simply move forward and never ever give up.
5. "Its a marathon, not a sprint" :
Yes, it is not easy to achieve your goal in a short period. You have to run in a long way which took more time. Just think that climbing Mt. Everest is not done in 3 simple steps.
1) Decide you want to do it
2) Fly to Nepal with zero preparation
3) Sprint straight up the mountain in 12 easy minutes.
Is it possible ? No way. It takes 26, 364 steps of 7" to climb Mt. Everest and that's starting from halfway up at Basecamp.
Hence, get ready to start your business with proper planning and also setup intermediate goals to move forward in step by step manner.
