“Business Success Map,” Starting and Growing My Business (2014)
“Business Success Map,” Starting and Growing My Business
Business Success Map
Principles for Business Success
BUSINESS SUCCESS
How do I run my business?
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Separate business and personal records
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Keep daily records
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Pay tithing first
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Save weekly
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Improve something every day
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Learn continually
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Live the Foundation principles
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Set exciting, measurable goals
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Start small, think big
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Never give up!
CUSTOMERS
What do people want to buy?
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Know why people buy your product
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Know what customers value
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Learn from customers daily
SALES
How do I sell?
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Always upsell
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Turn inventory often
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Ask, listen, suggest
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Make it easy to buy
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Close the sale
PROFIT
How do I increase profits?
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Keep daily records
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Pay yourself a salary
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Seek daily profit
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Buy low, sell high
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Don’t steal from your business
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Use productive assets
COSTS
How can I control my costs?
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Lower costs
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Use multiple suppliers
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Only add fixed costs when they will increase profits
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Make investments wisely
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Use the Four Rights to borrow wisely