Business Planning: The Five Mistakes You Should Never Make in Business

in Steem For Tradition2 years ago
Hello everyone welcome to my Business plan post

Hello Everyone
This is @shahariar1 from Bangladesh

Today I will discuss with you some business ideas and problems we face while doing business. If you have recently thought of starting a business then this post is for you. Let's get started.

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Just when we plan to start the business we face some strange problems. The first confusion that we suffer is that we see some people around us who are getting rich by doing very good business. Then we think that I should start a business myself. But after a few days, I start thinking a little deep and then I can't organize everything. And business seems very difficult.

Again the second problem is that people are getting rich by doing business. But how is the business doing? I don't understand how to get rich.

The third problem is that many people are losing money as soon as they start a business. Hey, seeing this creates a lot of fear in oneself. And it seems that even if the business is given to everyone, it will not be given to me.

See after all these problems but thousands of people are starting business every day. This is good but 95% of them are losing in business. They spend all their energy, money, time and still cannot succeed in business.

Now the question is why this is actually happening. The real reason for this is that they make mistakes in their business that they themselves do not understand. As a result, all their trouble, money and time are wasted and the business is ruined. After that, many people are in such a situation that they cannot think about starting a new business again.

So I will discuss five such topics with you. If you make even one mistake in your business, your business will be dead and ruined. I will share the novel with very easy post so understand things very carefully.

1. Commendment of control: This means that it is very difficult to understand how much control you have in your business. In fact, people understand that control of your business means that you will order your business. You will understand everything good and bad. Then the control of the business is in your hands. But commanent of control does not mean this. Control here means,

Imagine you run a restaurant business. And the food at your beer restaurant is very tasty. So your restaurant is doing very well. Now comes a time when your cook doesn't want to work here anymore. Or he will leave here for any reason. Now in that situation, which level of cook do you have in hand? If you can arrange a good cook at that moment when Bakub leaves, then the control of your business is in your hands. And if you can't then understand that the control of your business is in the hands of the cook of your restaurant.

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2. Entry Barriers : It means how easy and difficult it is for someone else to do the business you are doing. If it's easy for someone else to do this business then your business is in complete ricks. Imagine you own a restaurant. Restaurant is now a very easy task. Anyone can start this business if they have money. If you think of it this way, there are no entry barriers.

But many restaurants can offer, but tasty food like your restaurant is not available anywhere else. In this case, customers will definitely come to your restaurant to eat. Yes this is the very tasty food of your restaurant this is the anti barriers of your restaurant. No one else can make food like yours even if they want to. And no one else can do business in that area better than you.

So whatever business you do, try to provide such smart service if no one else can. Believe me, doing business is not real business, thinking about business like this is real business.

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3.Customer needs: It means what exactly customers want from you is business. The mistake we make in this case is that we try to do business with all the products that are available in the market. Now you tell me why your business won't be in Ricks. These are not really what customers need. Because customers are getting them anywhere at the touch of a hand. And because of starting business with all these products, most of the traders are losing money.

So to start your business you must bring some updated and latest products in your sector. Besides, if you have any business, you should always provide the latest products as well as good service. Updated and latest products are what customers need. Which are not available in the market. Hope you understand what I mean by Customer Needs.

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4. Time: The fourth thing to consider in business is time. You can't be put in a situation where your business can't run without you. If you create such a situation, you have turned your business into a waste. Most traders do this by selling their valuable time to earn money. So of course you can't make a business of selling time. There will be business automated processes. Where your business will run even if you are not there.

For example, you have launched a new product in the market and you are a very small businessman. In the beginning you marketed your products yourself. But when after a few days this product will become a hit in the market. Just then appoint someone else in your place. And plan how to grow your business while saving your valuable time. This is exactly how every major company owner is founded.

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5.Scailable Business: This means that your business should continue to grow forward. Don't get stuck in one place. I am clarifying the matter for you.

Imagine you are a painter. You draw very well. There is a good demand for your pictures in the market. Now think how many pictures you can draw every day.
Even if you have unlimited orders, you can't draw enough pictures. And can not provide service. Because no one else can paint like you. This means your business is not a scalable business.

So you must have a business that you will create the system for. And you can do this work with anyone.

Currently, internet based businesses are increasing a lot. Because it is possible to provide service regardless of the demand. Because the system is created by one person and many people are working and unlimited people are using it. Your business should be like that. You will create the system, many people will work, and day by day the business will continue to grow.

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A small business idea:

Now let's talk about that business idea. As I said in the third point. Always keep your product updated. Then the customer will take the product from you. Now I am sharing this idea with you where to get the updated product and how to get it. Search Google or YouTube for the latest product you are interested in seed chat about. And when you get such a product, you will be able to fully understand whether you need this product or not.

After receiving the product, learn how to order it. Again, the investment is much less. In this case, how to start your business, save enough knowledge with YouTube search.

If you find this post useful, please encourage by upvoting. If you have anything to know about business, please comment.

Photo Details

CategoryBusiness plan
Picture collectpixbay
Writershahariar1
LocationBangladesh

Best regards,

@shahariar1

Thank you very much for reading my post

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