Category: Strategy

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Strategy

Want to Make Your Customers Happy? Follow These 4 Strategies to Improve Customer Satisfaction

Customer Satisfaction| Representational Image (Photo Credits: Pixabay)
Customer Satisfaction| Representational Image (Photo Credits: Pixabay)

For a business to survive in long run and be successful, customer satisfaction is of utmost importance. A happy and satisfied customer not becomes an asset for the firm, it also helps in attracting new customers and increasing sales. It advertises and provides publicity for the firm thorough his appreciating words and good feedback. A satisfied customer works as an unpaid source of marketing for the firm. However, it is cheaper to retain an already existing customer well compared to acquiring newer ones.Best 4 Ways to use Instagram for Business that will grow sales unexpectedly!

To measure customer satisfaction, firms undertake different methods including surveys, feedback, ratings among others. They also rely upon reports published by various authorities in this context. The aim is to know how happy customers are with a company’s products, services, and capabilities and do the needful changes.3 Marketing Techniques for Start-Up to Follow During Initial Business Stages.

Here are five ways how a firm can improve its customer’s satisfaction:

Listen to Know Customers:

One of the sure shot way to improve customers’ satisfaction is by listening to them, knowing their likes and dislikes. It is important for understanding the taste, preferences of the customers and also what is their expectation from the product or service offered by the firm. A firm should always take into account the reviews and feedback from their customers and make necessary changes in the offering.

Reward Local Customers:

Another way of improving the customer satisfaction is by providing rewards in form of discounts, give away, free gifts or coupons to the people who have been loyal to the firm thereby ensuring a regular sales for it. Small rewards, compliments, and appreciation makes the customer happier and she will stick around for longer time.

Robust Customer Support Service:

The firm should have a strong and functional customer support service that is operational 24/7 hours. The problems and complains of the customers should be addressed and resolved in the shorted time span and at the best possible speed. The customer should feel listened and valued. Proper after sale service also helps in improving the customer satisfaction.

Practice Customer Service Etiquette:

All the firms need to follow a proper service etiquette to make the customers happy. The staff should be properly trained to deal with the customers, answer them politely and instantly solve their problems. They should always use positive and respectful words to address the customers. It makes customers happy and enhances their confidence in the firm.

An old saying aptly describes the importance of customer for the business and its success. It states ‘Customer is the King.’ A happy and satisfied customer is the biggest reward and achievement of the business. Hence, an enterprise should take continuous steps to improve customer satisfaction and aim to happy them happy.

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Business motivation Strategy

Bada Business Republic Day 2021 Offers: Know About Offers on IBC, LTM and Other Courses; Check List of Offers Valid From January 26–31

Badabusiness Republic Day Offers (Photo Credits: Facebook)

Mumbai, January 27: Dr Vivek Bindra, a revolutionary entrepreneur, an internationally acclaimed motivational speaker and a business coach, has announced some really exciting offers on Bada Business to help businesses grow and reach new heights. Mr Bindra, who is known for creating Content on Leadership Development, is Helping People across the world in achieving their business goals.

On the occasion of India’s 72nd Republic Day on January 26, the offers have been made available to all. The Bada Business Republic Day 2021 offer will be valid from January 26 to January 31, 2021. Mr Bindra is an acclaimed Executive Coach for over Top 100 CEO’s in India and under his guidance, these courses and offers will help you take your business to new heights.

Some of the offer details are mentioned below:

Offer Details:

Join the Republic of Bada Business – IBC & LTM Offer (For New Customers)

  • Get IBC & Lifetime membership at 72k + GST (Rs. 84,960)
  • Offer available on Direct Payment, Credit Model and Loan Customers

Join the Republic of Bada Business – IBC Offer (For New Customers)

  • 26 Problem Solving Courses free on becoming an Independent Business Consultant.
  • Offer available on Direct Payment, Credit Model and Loan Customers

Grow Your Business 10X (For New Customers)

  • 10 Problem Solving Courses free on purchase of Everything About Entrepreneurship.
  • Offer available for Student & Entrepreneurs
  • Offer available on Direct Payment, Credit Model and Loan Customers

EAE to IBC Upgrade Offer (For Existing Customers)

  • Existing EAE Entrepreneur & Student Customers and PSC Combo Customers can upgrade to IBC + Lifetime Membership at 36k + GST
  • Existing Chote Miyan Customers can upgrade to IBC + Lifetime Membership at 45k + GST
  • Existing Bade Miyan Customers can upgrade to IBC + Lifetime Membership at 53k + GST
  • Offer available on Direct Payment, Credit Model and Loan Customer.

10 PSC List:

S.No. Course Name Net INR Gross INR USD
1  Finance for Non Finance Manager (FNF) 12,500 14,750 220
2 ERP 12,500 14,750 220
3 Working Capital (WCM) 10,000 11,800 170
4 Pocket Money to Professional Salary 19,000 22,420 320
5 Zero Dollar Marketing (ZDM) 14,500 17,110 245
6  SPICE- Smart Presentation for Investors, Customers & Employees 14,500 17,110 245
7 Fund Raising 19,500 23,010 330
8 How to Start a Startup? 19,500 23,010 330
9 How to sell? 14,500 17,110 245
10 CRM 12,500 14,750 220
 Total 149,000 175,820 2,545

26 PSCs List

S. No. Course Name Net INR Gross INR USD
Launched Courses        
1 Finance for Non Finance (FNF) 12,500 14,750 220
2  ERP 12,500 14,750 220
3 Working Capital (WCM) 10,000 11,800 170
4 Busyness to Business  (B2B) 14,500 17,110 245
5 Zero Dollar Marketing (ZDM) 14,500 17,110 245
6 SPICE- Smart Presentation for Investors, Customers & Employees 14,500 17,110 245
7 Fund Raising 19,500 23,010 330
8 Personality Development 14,500 17,110 245
9  How to Start a Startup? 19,500 23,010 330
10 HR 12,500 14,750 220
11 Pocket Money to Professional Salary 19,000 22,420 320
12 How to sell? 14,500 17,110 245
13 CRM 12,500 14,750 220
14 Debt Management 14,500 17,110 245
15 Customer Service 12,500 14,750 220
16 Business Automation 14,500 17,110 245
17 E-Commerce 25,000 29,500 420
18  English for Business 14,500 17,110 245
19 Export-Import 14,500 17,110 245
20  Family Business 12,500 14,750 220
21 How to Scale a Start Up 19,500 23,010 330
22 Passive Income 14,500 17,110 245
23  Stock Market 10,000 11,800 170
24 Video Influencer 14,500 17,110 245
25 Whatsapp Marketing 14,500 17,110 245
26 Stress Management 12,500 14,750 220
 Total 384,000 453,120 6,550

 

Mr Bindra has inspired millions of people across the globe by training in more than 25 Countries. He has been bestowed with the Honorary Title of ‘Think Tank of Corporate Asia’ by World Leadership Federation, Dubai.

Categories
Strategy

BSE Signs MoU With Maharashtra Govt To Encourage SME Listing; Here’s How the Pact Will Benefit SMEs in Maharashtra

Online Business
Online Business

Mumbai, January 20: In a bid to create awareness about benefits of listing among small and medium enterprises (SMEs) in Maharashtra, leading stock exchange BSE has now joined hands with the state government. The BSE has signed a memorandum of understanding (MoU) with the government of Maharashtra on Tuesday, the exchange said in a statement. Under the pact, the BSE will provide intellectual and manpower support to create awareness about the benefits of listing among SMEs and will enable capacity building to such enterprises to fulfil listing requirements. Moreover, the BSE will provide training and capacity building support to District Industries Centre officials.

Here’s How the SMEs in Maharashtra Would Benefit:

  1. Under the MoU, the Maharashtra government will help in mobilizing the SME representatives and state and regional associations to encourage their SME members to attend capacity building programmes.
  2. In addition, the government will also reach out to industrial associations in the state for conducting joint seminars with BSE to create awareness among SMEs about benefits of listing.
  3. This MoU will help the micro, small and medium industries in the state to get registered in the capital market and raise capital from the public capital market.
  4. Subhash Desai, Minister for Industries & Mining in Maharashtra government said that BSE will also provide technical support to all the MSME industries in Maharashtra.
  5. The pact will further encourage more and more SMEs to list and raise equity capital on the exchange.

Ajay Thakur, Head-BSE SME and Startups said, “Through this collaborative effort, we will be able to reach out to various SME representatives and industry associations of the state and create greater awareness about the benefits of listings among SMEs of the state.

BSE had launched its SME platform in March, 2012. Till now,  331 companies got listed on the platform by raising Rs 3,381 crore and the market capitalization of these companies collectively stood at a little over Rs 21,566 crore. Out of 331 companies, 95 have migrated to main board.

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Strategy

Thinking of Ways To Grow Your Restaurant Business? Here Are 4 Tricks That Can Help You Boost Your Business

Restaurant Business (Photo Credits: Pexels)

If have you already started a restaurant and looking for growing the business, we’ve got you covered! Amid the COVID-19 pandemic, when the businesses are returning to normalcy, it might be time to sit down and draw up a plan to open your own business. Being the owner of a restaurant, big or small, you’ve likely asked yourself the question of how you can flourish the business. There are several components which goes into a profitable food business.To help you create an idea for success, we’ve put together a how to get you going to make sure you have all the things for a successful restaurant business with ease confidence.

Work on the Location

The first thing that you should keep in mind your restaurant will be known to people depending how accessible it is to them. You need to ask yourself how far it will be for people to reach the restaurant.  If the hotel is in the market area, it obviously has a lot of footfall unlike the ones that are in the interior parts. Of course, you need a location that fits within your budget too. For a restaurant, location is everything. You need a place that draws the attention of the crowds.

Announce Offers/ Rewards

People always look up to offers and are easily carried away by discounts. To attract customers to your restaurants, you can simply offer a discount, free drink, or some other offer like 30% or 50% off on selected dishes if people sign up and do the reservations. You can also reward them on a points-based system and can offer discounts when they complete a certain number of points.

Offer Free Wifi to Customers

In this digital era, people always want to be connected to the internet. They want to surf and watch movies or series or maybe listen to their favourite tracks while sipping on that coffee or eating their favourite dish. Most people click pictures and upload it on social media, for which obviously, they need internet, and if it a high speed one, nothing like it. Your restaurant will become their favourite place, especially for the teenagers.

Keep Marketing & make your social media game strong

The simple way to keep your customers engaged is to let them know about your offers and anything new that you plan to come up with. If you engage customers using social media, mobile apps, you’ll be able to reach your best customers. You need to keep your marketing efforts going to ensure that you are always in the minds of your customers whenever they think of dining. You need to establish a strong social media presence and try and announce offers on your Facebook Page and Instagram page with promo codes to keep your restaurant on the top of the list.

 

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Business motivation Startup Strategy Technology

PM Narendra Modi Urges Youngsters To Join ‘Prarambh’, the Startup India International Summit on January 15-16; Here’s How To Register Online

Startups (Photo Credits: Unsplash)

Prime Minister Narendra Modi has called upon youngsters of India to attend ‘Prarambh’, the Startup India international summit on January 15 and 16. The Prime Minister asserted that the summit seeks to bring together top minds from industry, academia, investment, banking and finance besides young start up leaders. Taking to Twitter, the Prime Minister shared his LinkedIn post in which he noted that virtual interactions have become the new normal during the COVID-19 pandemic and said a big advantage of this is that people can be a part of programmes sitting at home. “With most events being held virtually, it has given a great opportunity for youngsters to be a part of many interesting domestic & global forums. One such opportunity is coming up in the form of Prarambh on 15-16 Jan. I urge our youth to be a part of it,” Modi tweeted on Monday.

Referring to the ‘Prarambh’ summit, the prime minister said India would also be marking five years since the Startup India initiative began. He said that this initiative has propelled India to being among the most attractive start-up eco-systems globally. Lauding the capabilities of the youths in India, the Prime Minister said that no words can do justice to the spirit of India’s youth. “Their penchant for innovation has led to outstanding results. Our start-up heroes are not merely coming from big cities but also from smaller towns. This is a good sign,” he added

Talking about the work from home opportunities, the Prime Minister noted and said work from home is in, so is greater adapting to technology. “For me, it meant more programmes online, which were extremely productive and insightful. There were interactions with scientists, medical professionals, COVID warriors, academics, industry leaders, young innovators, spiritual leaders and more,” Modi said.

The Prime Minister added that there were virtual summits, both bilaterals and multilaterals with world leaders, he noted, adding that “path-breaking” development schemes were launched through public events organised digitally.

About Prarambh:

‘Prarambh’ – Startup India International Summit – on 15 and 16 January 2021 in a virtual format. It will be organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. ‘Prarambh’ means ‘an auspicious beginning’. As a verb, it implies ‘to start’.

The idea is to attain attention of global capital for startups in India, mobilize domestic capital, provide opportunities for accessing international markets to our startups and evolve enabling policy provisions.  The first day of the Summit has been devoted to host dignitaries and stakeholders from BIMSTEC member States. The day will witness participation of renowned stakeholders from startup communities of BIMSTEC member states engaging in multilateral discussions and showcasing best of their innovations.

Here’s How You Can Register for the Prarambh Summit:

  1. Youngsters can registered themselves on the official site i.e. https://www.theprarambh.in
  2. Click on ‘Register Now’ at the top of the page and fill in all the details that have been asked.
  3. Enter details like your name, address, email-id, sector, select country and state, city and category and then click on ‘Submit’.
  4. Youngsters can check the official website as it has all the details of the 2-day Start-up India International Summit.

The main objectives of the Prarambh Summit are given below:

  • Encouraging and inspiring the youth for innovation and entrepreneurship
  • Exchange knowledge on best practices on nurturing startup ecosystems
  • Develop capacities of entrepreneurial ecosystem
  • Mobilize global and domestic capital for investments into startups
  • Provide opportunities to startups for entering domestic (private and public) and international markets
  • Showcasing high-quality, high technology and frugal innovations from India
  • Enable ease of doing business for startups and investors.

The who’s who of the Indian as well as global Startup ecosystem are making a beeline for this event. Please mark this date for a marathon of in-depth knowledge sessions and exchange of global ideas! Prarambh is expected to bring together top policy makers, industry, academia, investors, startups and all stakeholders from across the globe. In addition to deliberating on good practices from best of the ecosystems across the world, the sessions of the Summit are designed to showcase the spread and depth of entrepreneurship based on innovation in India.

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Strategy

5 Tips Firms Should Follow for Hiring the Right Employee

Tips for Hiring the Right Employee| Representational Image (Photo Credits: Pixabay)
Tips for Hiring the Right Employee| Representational Image (Photo Credits: Pixabay)

The success of any business is not only the responsibility of the owner or founder. Efficient and dedicated work of the entire team leads to the attainment of firm’s objective. Despite several bottlenecks such as low finance, stiff competition, unfavourable external environment among others, with the right team  a business can easily sail through tough situations. Therefore, it is important for the businesses hire the right person for the job.Women Entrepreneurship Cell Launched by Maharashtra Govt to Boost Female Engagement in Startups.

Hiring people is not an easy task. It involves a lot of time, money and resources. Reaching to the right set of employable candidates and choosing the person who fits the job as well as the business’ internal environment is always tricky. Here are some points firms should remember while hiring employees-

Financial Position of Enterprise

Before hiring new employees, it is important for the firm to have a sound financial position. The business should have enough free funds to provide for the new member on board. Hiring employees not only involves paying the salary, the firm is also responsible for employment taxes, worker’s compensation fees, additional insurance requirements among others.

Comprehensive Job Description

Another important thing while undertaking the hiring process is to make a comprehensive job description. It helps the business to determine duties, responsibilities, necessary skills, outcomes, and work environment of a particular job. It helps to figure out right candidate and necessary skills for the job role and makes the hiring process more efficient. 3 Tips for Setting Better Business Goals for Employees.

Reach the Right Candidate

The firms also need to make sure that they are able to reach the right set of candidates. Businesses should list the opening at various online platforms, placement agencies, employment exchanges for reaching a wider base of potential employees. While listing the role, the firm should clarify various employments terms like whether they are looking for fresher, for experienced person, for part time or full time positions among others.

Carefully Examine the Applications

Once the firm receives applications from all the potential candidates, it should carefully screen all the profiles. Firms should choose the employee whose skill set matches the requirements of the firm or nearest to it. After shorting listing the application, candidates should be called in for aptitude tests and interviews, based on which the firms should pick the most deserving candidate.

Employee Orientation
The process of hiring an employee does not end with bringing the person on board. Once the person joins the firm as an employee, it is the responsibility of the employer to conduct proper orientation for her, so that she is able to understand and adapt the business environment of the organisation. The firm should also impart necessary training to the new employee wherever required.

Hiring new people is a lengthy and tiresome process. But if the right candidate is not picked up, the firm as well as its employees are likely to experience difficulties. While selecting a person, business should not only look at the academic or professional qualifications of the person but also ensure that the person’s attitude and thinking are in line with that of the organisation.

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Strategy

COVID-19 Impact: 5 Tips to Help Your Businesses Recover from Coronavirus Pandemic

Businesses in India (Photo Credits: Pexels)

Businesses have been severely impacted by the COVID-19 pandemic and are now limping back to normalcy. The Indian economy is now expected to see a faster turnaround with less disruptions to business operations as it opens up gradually. The coronavirus lockdown forced several businesses to shut while consumption slumped, investments took a hit and jobs were lost. In the time of crisis, it can be hard to stay calm, be optimistic and find ways and means to drive your business. For entrepreneurs and business leaders, being calm and working under pressure is part of the job.

In this article, we’ve put together some ideas that will help you in business recovery. Your business recovery may not happen overnight, but you can make it achievable by trying and not giving up.

Here are 4 Tips that can help your Businesses Recover from COVID-19 Pandemic

Strategic Marketing Plan

The pandemic and the lockdown slowed down the world. However, this time can be utilised by business leaders to strategically think about different ways to establish themselves in the market again once things get normal. An entrepreneur need to think of ways that can help them establish the brand identity again in the market. You need to understand your competitors and work on the leads.

Expect Delayed Payments

Businesses have witnessed a lull amid the coronavirus crisis. As businesses struggle to get back to normalcy, you can expect any restart to be a little sluggish. Almost all of us are going to be in the same boat. As you are struggling to re-establish a healthy cash flow, it’s highly likely your customers will be grappling with that too.

Look For New Sales Channels

As people now prefer being home as a precautionary measure amid the pandemic, this gives an entrepreneur a chance to establish and look for new sales channels to sell their products. Find out ways to serve your clients and customers via alternative sales channels. If you have a retail business and the pandemic has hit you hard and there is no footfall, trying looking for e-commerce offerings. If you are into hotel business, majority of people are trying and avoiding meeting at public places, in such case, you can be open for takeaways meals instead.

Review Your Website and Enhance Digital Marketing

As the economy opens, this is an opportunity for you to review your website and update the information with latest trends and demands. Take a look at your competitor’s websites and try to understand if you can add more value to your content, which will help you stand out from the rest in the market. Go digital and promote your website on social media platforms like Facebook, WhatsApp, Twitter among others. Try to build a marketing strategy if you are not already doing so. Having a plan and campaign ready as social media marketing campaigns can connect your targeted audience with a marketing message immediately.

Communicate Openly With Your Customers

‘A Customer is the King’ is an age-old business mantra which shows the importance of customers in every business. Businesses that treat their customers as king have reported higher returns than their competitors who puts little to the value of the customers. Hence, be open and clear with your customers and understand their demands. Don’t just sell your product, but provide solutions to them. If this your mantra, no force can stop you from succeeding and taking your business to another level.

 

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Strategy

Digital Marketing: Here are 5 Ways to Promote Your Business Online

Digital Marketing| Representational Image (Photo Credits: Pixabay)
Digital Marketing| Representational Image (Photo Credits: Pixabay)

In today’s fast paced and information centric world, people are increasingly spending more and more time over the internet. Businesses are also shifting the digital platforms and exploring online marketplaces.  Amid the COVID-19 outbreak and the consequent lockdown, the importance of having an online business was felt by various owners. Physical marketplace and traditional brick and mortar shops are moving towards online spectrum of business environment. It is therefore essential for businesses to promote themselves in the digital world as well. 4 Ways to Grow Your Business Online Without Spending a Lot of Money.

Marketing and promoting the business over the web is not as difficult as it seems. However, every firm should make a detailed plan after proper analysis of the various online platforms and create promotional content accordingly. Here are five ways to promote your business online –

क्या आप बनेंगे मेरे परिवार का हिस्सा ? | Lifetime Membership | All Courses Free | Dr Vivek Bindra

Online Advertising

Advertising is the first most instrument businesses use to reach its potential customers. Over the web also, businesses’ need to advertise themselves. Various social media platforms including Facebook, Instagram, and YouTube among others provide opportunities for businesses’ to post promotional content and advertise themselves. Firms here have an opportunity to be as creative as it wants, the advertisements can include videos, images, infographics, customers’ review among others.

Collaborate with Social Media Influencers

Another way to increase online presence is by tying up with various social media influencers. Social media influencers have a huge follower base and it provides an opportunity for brands to amplify their online presence. Collaborating with influencers’ provides an added advantage for the firm as people tend to have more confidence on them and in trying to follow their lifestyle end up buying and using products endorsed by them. 5 Effective Online Marketing Strategies For Your Bakery Business Ahead of Christmas 2020 & New Year 2021.

Create Social Media Profile

Social media provides an opportunity for the business to directly engage with its existing and potential customers. By making profile on digital platforms, firms can be in a continuous touch with its customer base. Through various analytical tools, businesses can evaluate the liking and disliking of the customers and promote, modify its content accordingly to suit the wants of its followers.

Use Business Listing Sites

Another way of using digital platforms to promote the business is by listing it on various business listing or catalog sites such as indiamart.com, sulekha.com, tradeindia.com among others. It helps the business in two ways. Firstly provides an online presence to the business and secondly such websites are mostly free of cost, hence business can be promoted online without any additional investments.

E-Mail Marketing

Personally engaging with the customers is always helpful for the business to grow. E-mail marketing helps the businesses to directly contact the customer and help understand their need and redress their grievances.  It also gives an opportunity for the businesses to get continuous feedback from the customers. Developing a connect with the customer is the first principle of marketing and e-mailing the customers provides an opportunity for the firm to make that connect and reap benefits.

Online presence ensures a wider market base for the business. It also helps the firm to connect with the customers’ requirement and work accordingly. Hence in today’s world, online presence aids the success and long term survival of the businesses.

Categories
MSME Sales Startup Strategy

4 Successful Tips to Run Discounts & Special Offers For Your Business Ahead of Christmas 2020 & New Year

Discounts, Special Offer
Discounts, Special Offer (Photo Credits: Pixabay)

Mumbai, December 24: 2020 was an extremely difficult year for most sectors due to the lockdown amid the coronavirus outbreak. However, towards the latter end of the year, green shoots of recovery were seen as the economy started to open up.

So far, the festivals have been lacklustre in India because of several other factors, including people not willing to spend on unnecessary things. However, the sentiment has picked up and there is a momentum in sales as we approach the year-end.

If you have an online business or a store, then you can offer some discounts to entice your customers for Christmas and New Year. However, promotions and discounts should be given in such a manner, so that they don’t eat up the profit margin and help you in increasing sales.

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Define your objective: 

Before you start any promotional offer, you should define the objective. What is the purpose of running this sales offer? Is it to get new customers or target the existing customers? Is it to increase sales or hook them to your brand. Be clear in your head with these answers.

Should have a fixed timeline:

Sales, discounts and any offers should be there for only a limited time period. The promotion of your brand should clearly mention the start time and the end time.

Market well:

If you are running a sale and your customers are not only aware of it, then the entire purpose fails. Therefore, make sure to advertise your promotional offers, incentives properly. Promote the news of your sales on social media. Spend money to run promotional campaigns and target audience based on your location and TG.

Track Your Results:

After any campaign, it is very important to track your results. This will help you to understand your customer behaviour, which segments are responding better to your campaigns or which type of campaigns are more effective. You need to study the results and this will help you to run your next campaign

We hope that these tips will come in handy for your business and you run successful marketing campaigns.

 

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Strategy

7 Successful Business Strategies to Help your Business Grow

7 business stretagies

Growth is fundamental for any business`s existence and survival. According to a study conducted in 2017 by IBM Institute for Business Value & Oxford Economics published in Forbes, around 90% of Indian start-ups fail due to lack of innovation, technology, and unique business models.

Although these numbers are more or less the same across most industries, the data highlights the importance of a growth strategy in a business.

Check out 7 key business strategies that will help you grow your business:

 

Bring PPT in Repeatable Business Model

If you think PPT is an abbreviation for PowerPoint, think again. PPT here stands for People Process Technology. Every successful business has a competent team that is process and technology-oriented.

  1. a) PEOPLE- A successful company makes a profit with the help of an efficient team that is a process as well as technology-oriented. Hence, hire people who work on processes and are technologically driven.
  2. b) PROCESS- A business strategy that is accurate, consistent, and efficient is required to run any organization smoothly. Your business model should give accurate results, persistently at a rapid speed.
  3. c) TECHNOLOGY- As technology is getting advanced with each passing day, constructive use of it can take your business to a large scale. A technology-driven business strategy can help you achieve your goals at a great speed with less manpower.

Make RBG Dashboard

‘A dashboard needs to be in the light, focused on K`s in the Key Performance Indicator (KPI)’. Make a dashboard to review the performances of every department in your company. Ensure that every employee in your department is aware of his job role and goals. This business strategy will help you keep a record of every department along with their performances.

CGP Safety Trinity

Cash, Growth & Profit! The combination of these three factors can help to grow your business. Hence, it is very important to see the CGP data for the current month, last quarter, and year to date to come up with a successful business strategy.

Form a CEO`s Team

It’s never a 100 meter-dash, running a business is a marathon. When there are multiple things on your mind, it is hard to focus on growth. Thus, pick up your key performers and make a team that can manage the office in your absence. They can attend meetings, do planning, resourcing, and can also manage the workplace. This way, you can focus on growth, make innovative strategies, and come up with future business opportunities.

Invest in a Good Productivity Tracker

A productivity tracker is an excellent way to keep track and boost the productivity of your employees. It detects and analyzes distractions that may interfere with work.

Reports generated through a productivity tracker can help identify potential productivity issues, increase productivity, employee performance, and allow real-time monitoring.

Main thing v/s Multiple Things

Multiple things take away too much time and can push you off the main goal. Thus, create a ‘things-to-do’ list with important things placed on top and less important things at the bottom.  A successful business strategy is to stay focused on the main activity, execute the plan, and finish it on time to drive results.

Restructuring the Business Model

Passive income is a must, because you may retire, but your money will never retire! Passive income will help you generate business from anywhere and anytime. Hence, restructuring your business model is important to grow your income.

Many businesses do not sustain in the long run in the absence of a successful business strategy. If you want to grow your business read about our problem solving courses that are available on our website.