Author Topic: HAVE A BUSINESS PLAN IN MIND?  (Read 5272 times)

junayag

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HAVE A BUSINESS PLAN IN MIND?
« on: August 16, 2007, 12:05:54 AM »

Sharing your thoughts with others on an endeavor will encourage others to have ideas that will give you insights which would substantiate decision making, of making a choice or working for a direction.

Here in Tubag Bohol, we have brilliant minds and hearts who cares.  When we care, we share.

Why not start sharing ideas on an entrepreneurial activity to engage when we get home?  What's yours?

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Macky Ferniz

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #1 on: August 18, 2007, 05:03:49 PM »
How about trading business?

It works on the idea that a Person's garbage may be a treasure to another. Also every country has a different standard of fashion; i.e. in northern hemisphere, fashion is controlled by AW&SS (Authumn/Winter and Spring/Summer), but in tropical areas, it is Summer and Rainy.

I observed that during change of season like Summer to Autumn, most of the garment stores here will go on a grand SALE. Since summer clothing don't sell during winter, it will be sold at "hatag" price. However, back in the Philippines, those items are still hot and at high value. I mean those are signature Brands like Zara, Mngo, Marks&Spencer...etc.(made in Portugal, Spain & Italy), kasagaran mga artista ra mo sul-ob ani.

Since I realized this business potential, I seized the opportunity and bought plenty of ladies blouses and tops, mostly sleeveless. Since this is an experemental stage, I will reveal the capital from P50 to P150. I know that in the Philippines, each will have a price of P400 to P500 in wholesale and P700 or more in prominent shops. These goods are non-perishable and can be sold throughout the year.

So, I am looking for someone, interested to sell these goods. Ako na bahala sa shipping ug tunga ta sa ginansya. This is just a dry-run and my purpose at this stage is not profit but to know if this experiment really works. Strategy of selling is house-to-house and word-by-mouth.

If this works, whoever you are will be my permanent business associate. Our next project will be Sunglasses & Frames (Ray-Ban, Giorgio Armani, Emporio Armani, Byblos, Luxottica...etc.).

To Jun, I suggest you open a one-stop shop in Tagbilaran selling such item.

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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #2 on: August 18, 2007, 11:54:44 PM »


Macky,

I take note of that... the idea is part of my business plan.  Will will expound further....

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lumine

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #3 on: August 19, 2007, 02:42:16 AM »
How about trading business?

It works on the idea that a Person's garbage may be a treasure to another. Also every country has a different standard of fashion; i.e. in northern hemisphere, fashion is controlled by AW&SS (Authumn/Winter and Spring/Summer), but in tropical areas, it is Summer and Rainy.

I observed that during change of season like Summer to Autumn, most of the garment stores here will go on a grand SALE. Since summer clothing don't sell during winter, it will be sold at "hatag" price. However, back in the Philippines, those items are still hot and at high value. I mean those are signature Brands like Zara, Mngo, Marks&Spencer...etc.(made in Portugal, Spain & Italy), kasagaran mga artista ra mo sul-ob ani.

Since I realized this business potential, I seized the opportunity and bought plenty of ladies blouses and tops, mostly sleeveless. Since this is an experemental stage, I will reveal the capital from P50 to P150. I know that in the Philippines, each will have a price of P400 to P500 in wholesale and P700 or more in prominent shops. These goods are non-perishable and can be sold throughout the year.

So, I am looking for someone, interested to sell these goods. Ako na bahala sa shipping ug tunga ta sa ginansya. This is just a dry-run and my purpose at this stage is not profit but to know if this experiment really works. Strategy of selling is house-to-house and word-by-mouth.

If this works, whoever you are will be my permanent business associate. Our next project will be Sunglasses & Frames (Ray-Ban, Giorgio Armani, Emporio Armani, Byblos, Luxottica...etc.).

To Jun, I suggest you open a one-stop shop in Tagbilaran selling such item.

Macky, i seem to be interested in your trading business since i won't go back to teaching when we are already settled in the Phils.

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Macky Ferniz

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #4 on: August 19, 2007, 05:22:33 AM »
There are endless opportunities in Trading. As Jun Ayag has preached, future is something you have to build now.

Lumine, just tell me when you are settled. Everything needs careful planning and study, dili kay pataka lang. It is like science, where you have to do an experiment first.

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John

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #5 on: August 19, 2007, 02:25:36 PM »
How about if we will start to a Gasoline Station. Gasoline Station Business is nice too, in every liter of gasoline you sold it's mean money.

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How about a Tubag Bohol bus liner?
« Reply #6 on: August 19, 2007, 02:28:06 PM »
How about a Tubag Bohol Bus?

Wala gyuy tarong nga bus sa ato sa Bohol. 

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John

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #7 on: August 19, 2007, 04:08:52 PM »
Estimate how much the worth of one bus, first class pang tourist.

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lumine

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #8 on: August 19, 2007, 05:21:13 PM »
There are endless opportunities in Trading. As Jun Ayag has preached, future is something you have to build now.

Lumine, just tell me when you are settled. Everything needs careful planning and study, dili kay pataka lang. It is like science, where you have to do an experiment first.

i agree with you, macky, na dili jud ta pataka lang.
i will tell you if we are settled na.

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Macky Ferniz

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #9 on: August 19, 2007, 11:11:15 PM »
Estimate how much the worth of one bus, first class pang tourist.

Let me share with you something. I have read something about taxi/bus rates, I think it is from time magazine. It says that in Asia, Philippines have the cheapest fares of taxi/bus. Yet we always hear complains in radio nga nagpalabi na kuno ang mga transpo company ug fare hike.

Another thing, during my last vacation, I went to Cebu to renew my OWWA. From pier, I hire a taxi being not familiar with Cebu streets. On the way, I had a conversation with the driver and on my accent, he knew that I am a Boholano. To my surprise, he told me that his boss is a boholano from Carmen who owns 50 Corolla taxis in Cebu. I asked his name but the driver refused to devulge for security reason. Aside from that he also owns 30 Vans. Naa diay dato sa Carmen nga nag hilom-hilom lang. Akong na obserbahan nga ang mga dato hilom lang, pero ang mga dili kaayo dato, maoy boka ug pasikat.

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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #10 on: August 19, 2007, 11:41:57 PM »


It is inspiring to hear all of your ideas... and I am looking that these enthusiasms shall be translated into something tangible.

Tubag Bohol Bus is also a good idea, it is not just a bus, but we have to add value to that bus that people would patronize not just for riding...of course this would be a first class service yet affordable by the public.

Ang transport system sa ato dili pa gyod maayo...a good suggestion.  But remember, this is just an option, we have to explore more....

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #11 on: August 21, 2007, 02:47:33 AM »
nindot jud ni nga idea, kaya lang dili paman ko financially stable oi bisan pa interested ko. Lisud man gud kung magdoble doble ang bayranan, nya naay daghan gihuna-huna basin mabuang ta madugay  ;D

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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #12 on: August 24, 2007, 02:25:26 PM »


it is up to the individual on the level of capital participation, the idea is pooling of resources...we could venture into capital infusion through bank facilities..

here, we are gathering ideas on what kind of business that appeals most to a certain locality ( that is Bohol ) from Bol-anon entrepreneurs...

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #13 on: August 24, 2007, 04:25:39 PM »
para nako children's center, uso kaayo diri ang working mom mao ngita jud ka yaya aron naa magbantay sa baby, mas maayo kung naay children's center nga ibilin ra nimo imo baby or kid unya per hour nalang unya ang bayad sa parents.ang center kinahanglan naay complete facilities para sa mga bata. it is up to the parents kung magbaon ba ila anak or magcater nalang sa center.

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #14 on: August 24, 2007, 08:12:56 PM »
There's a lot of suggestion, lots of nice businesses. Now maybe the next things we need to do is

How to convert or move from words to action.

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #15 on: August 24, 2007, 09:20:57 PM »
 Hello Ashton!

good day to u and all online now...

Business in our country? - it is one of a hard plan to realize whatever you like to put in.  Make aware that before you started to any - you are already in a candidate of bankruptcy! Had decided b4 2 years ago, to invest a small sakay-sakay (1 ragod kabouk), sus...had already a jeep - then buy a line to travel in and out and what is the result daghan napong ningsakay to overprice the high price pajod.  Na.... wana lang ilahos.

Okey, don't consider this as a negative report -you try maybe you got the best idea and be lucky

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #16 on: August 24, 2007, 09:29:28 PM »

Bambi, you should read Macky Ferniz' story about the rich and poor dad. here's the link http://tubagbohol.mikeligalig.com/index.php?topic=2583.0

it's very inspiring!

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Bambi

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #17 on: August 24, 2007, 09:56:23 PM »
Tnxs.... it is too long, must have to read it  step by step na

Lesson i got: My paps was/is poor and he taught us the same strategy. Yet, am a poor Mom and teaches my son like the opposite Dad.  At present, i work for money and in my mind want to work money for me bearing on mind like the poor dad. Up to this point: got in mind.... the no risk no fun logo but for my own definition..... risk is money and fun is time and sorry to tell you am both out of COH.



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John

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #18 on: August 24, 2007, 11:36:08 PM »
speaking of buseness sunod lang sa style sa mga intsik.

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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #19 on: August 25, 2007, 02:25:43 AM »


to go into business, one must be a risk taker... kong nisurrender na ka sa sugod pa, how would you succeed?

if there were flaws in the past when you started, you will learn along the process, that is where the challenge comes in, that you have to bring all your competencies, learn how to overcome and make the red into black...

success is not given to you in a silver platter, you have to work for it.. it you were not successful, you have not given the best of you...

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Bambi

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #20 on: August 25, 2007, 03:42:45 AM »
Yes, I know.  Brillant people are business minded. I'm not belongs to this scheme but i often think about this, not for my own profits but by way or another to extend a little help to needy relatives. If somebody want to engage into business than all efforts are to be extended such us time, patience and of course a big portion of intellect and most of all luck.  As observed, there is not really much numbers of Filipinos who are successful in this category but the  Chinese . You and Macky, has a perfect ideas with much enthusiasm, you both could be considered as one successful businessmen. More Power!

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #21 on: August 25, 2007, 05:07:51 AM »
 I'm working in multibillion company,  in fact the number three biggest company in our planet and I was assigned in different department including 3 years in sales or retail department. One time one of our retail owner he invited me a dinner, ug inum inum sa beer,  until we reached our topic about business. He is  very practical and very successful business man in our country. Pero isa lang ang iyang gi sulti . Kung mag business ka sa Pilipinas kinhangan may kwarta ka nga pondo pang rolling except of your capital, because mostly diha sa phil utang ug kinhangan pod mo offer / open ka ug credit sa imong mga customer. What I mean kung may 2M ka 1M lang ang imong capital ang 1M pang rolling or back-up , kay ang business up and down.

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Bambi

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #22 on: August 25, 2007, 11:17:46 AM »

korek kaajo dong!

in our country, i am not sure whether we have also some insurances where you can insure any business in case of some calamities (fire, robbery and etc)
this is very important to put in business aside from a very high capital.

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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #23 on: August 27, 2007, 02:46:16 AM »


Business is not only to intellectual people... the main thing is your PASSION to do the thing that you would like to do.... never think of getting rich, enjoy every minute of what you are doing...

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #24 on: August 27, 2007, 03:17:59 AM »
do you think there are Pinoys who will make business just for fun.?.... magcontest pa man gani ug kinsay daling madato.
if u invest time, efforts and money for sure u also u want to have profits, di ba?   

maybe, if i am a rich DAD..... from Macky read book..... i don't care

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #25 on: August 28, 2007, 01:07:11 AM »
Honesty I don't want to put up any  business  and other people who manage it, Mahirap magtiwala sa mga ta-o ngayon, even your own relatives onayon kapa,
   From now on I really enjoy and satisfied of my job, If I'm getting  old and retire  well mo pauli ko sa pilipinas ug diha akong gastohon akong pension. If you have a pension $4500 / monthly  it is not bad and convert to peso plus your saving in 401k. What I did now is I invest some of my saving in stocks market and it's look good.

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #26 on: August 28, 2007, 04:44:38 AM »


as said in the past it is not appropriate for someone to manage the business on your behalf because you could not obtain full loyalty, transparency at the present... what this forum would like to achieve is enlighten the mind of the readers on the most desirable thing to do....and your idea is one substantial observation....

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #27 on: September 01, 2007, 03:33:54 PM »
so far good thread created..

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #28 on: September 01, 2007, 05:30:41 PM »
Nightclub ang akong gusto nga business.

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #29 on: September 01, 2007, 08:17:48 PM »
sige ako lang customer...hehehe pwede man kaha maka discount ang taga TB....

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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #30 on: September 02, 2007, 02:06:55 AM »


abi nako ug mo propagate ta ug positive values??? nahimon naman noon ug night club? hehehe wala man nooy problema, pero dili siya priority....

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #31 on: September 02, 2007, 02:35:08 AM »
yes! getting involve into a business, means you should take the risked & before taking the risk try to choose the lesser risk..para dili magmahay

for me it's better to get into a business which in-line to our profession.
but if it is feasible why not....

I give you some tips!!!

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #32 on: September 02, 2007, 02:40:51 AM »
Business Start-up Strategy

Business Start-up Strategy by Greg Balanko-Dickson
July 20, 2004

I strongly suggest that would-be entrepreneurs do a business plan. As a result of completing the plan you will be much better prepared and know whether or not your business idea is feasible. Try the following article for a short-cut. However, I caution you on following a short-cut unless you have substantial experience or knowledge about your area. Proceed with caution without a business plan!

Six-Step Business-Start-Up Strategy
by Greg Balanko-Dickson
http://www.sbishere.com/article.html/547/

How is your business unique, and why will your goods or services appeal to customers? What are the primary differences between your company and your competitors? What are the driving factors to choose your business over another?
In other words, what is the underlying reason a customer would do business with your company?

1) Define Your Business & Vision
Defining your vision is important. It will become the driving force of your business. Here are questions that will help you clarify your vision:
Who is the customer?
What business are you in?
What do you sell (product/service)?
What is your plan for growth?
What is your primary competitive advantage?

2) Write Down Your Goals
Create a list of goals with a brief description of action items. If your business is a start up, you will want to put more effort into your short-term goals. Often a new business concept must go through a period of research and development before the outcome can be accurately predicted for longer time frames.
Create two sets of goals:
Short term: range from six to 12 months.
Long term: can be two to five years.
Explain, as specifically as possible, what you want to achieve. Start with your personal goals. Then list your business goals. Answer these questions:
As the owner of this business, what do you want to achieve?
How large or small do you want this business to be?
Do you want to include family in your business?
Staff: do you desire to provide employment, or perhaps, you have a strong opinion on not wanting to manage people.
Is there some cause that you want the business to address?
Describe the quality, quantity and/or service and customer satisfaction levels.
How would you describe your primary competitive advantage?
How do you see the business making a difference in the lives of your customers?

3) Understand Your Customer

It is not realistic to expect you can meet the needs of everyone, no business can. Choose your target market carefully. Overlook this area, and I guarantee you will be disappointed with the performance of your business. Get this right and you will be more than pleased with the results.
Needs: what unmet needs do your prospective customers have? How does your business meet those needs? It is usually something the customer does not have or a need that is not currently being met. Identify those unmet needs.
Wants: think of this as your customer's desire or wish. It can also be a deficiency.
Problems: remember people buy things to solve a specific problem. What problems does your product or service solve?
Perceptions: what are the negative and positive perceptions that customers have about you, your profession and its products or services? Identify both the negative and positive consequences.
You will be able to use what you learn when you start marketing and promoting your business.

4) Learn From Your Competition
You can learn a lot about your business and customers by looking at how your competitors do business. Here are some questions to help you learn from your competition and focus on your customer:
What do you know about your target market?
What competitors do you have?
How are competitors approaching the market?
What are the competitor's weaknesses and strengths?
How can you improve upon the competition's approach?
What are the lifestyles, demographics and psychographics of your ideal customer?

5) Financial Matters
How will you make money? What is your break-even point? How much profit potential does your business have? Take the time to invest in preparing financial projections.
These projections should take into account the collection period for your accounts receivables (outstanding customer accounts) as well as the payment terms for your suppliers. For example, you may pay your bills in 30 days, but have to wait 45-60 days to get paid from your customers.
A cash flow projection will show you how much working capital you will need during those "gaps" in your cash position.
We now offer a really neat, FREE, tool to help you do an initial financial analysis of your business called the Seven Step Starting Costs Wizard. This tool is not designed to replace detailed projections for cash flow and financial statements. However, this is a handy tool to test your assumptions and determine your break-even point and the validity of your plan. It produces a report and charts seven key areas:
Start up Investment
Assumptions
Running Monthly Overhead
Streamlined Sales Forecast
Cumulative Cash Chart
Break-even Charts
Conclusion
Identify Your Marketing Strategy
There are four steps to creating a marketing strategy for your business:
Identify All Target Markets: define WHO is your ideal customer or target market. Most companies experience 80% of their business from 20% of their customers. It makes sense then to direct your time and energy toward those customers who are most important.
Qualify the Best Target Markets: the purpose of this step is to further qualify and determine which customer profile meets the best odds of success. The strategy is to position your business at the same level as the majority of the buyers you are targeting. It is critical to figure out who your best customers are and how to best position your company in the marketplace.
Identify Tools, Strategies and Methods: a market you cannot access is a market you cannot serve. Marketing is the process of finding, communicating and educating your primary market about your products and services. Choose a combination of tools and strategies, that when combined, increase your odds of success.
Test Marketing Strategy and Tools: the assumptions we do not verify are typically the ones that have the potential to create business problems. Take the time to test all business assumptions, especially when you are making major expenditures.


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Gervistill

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #33 on: September 02, 2007, 02:44:17 AM »
10 Critical Elements of a Successful Business


By Megan Tough

The rules that a successful business operate by today are very different from the rules of 20 to 30 years ago. The widespread use of technology has dramatically cut response times and elevated customer expectations of service. Competitive advantage is the catch cry, but most business owners struggle to articulate what their point of difference is. The statistics are
well known: a staggering 40% of all new businesses fail within the first 12 months. Within 5 years, more than 80% will have failed. And yet, people are flocking to start up new businesses in ever increasing numbers.
What is it then, that sets apart the successful businesses from the unsuccessful ones? Here are my top ten tips for creating and maintaining a successful business. As you read, think to yourself - how does my business stack up?

1. Successful businesses have repeatable, scalable systems.
The processes in the business are clear, usually documented and followed religiously by all. This ensures the customer gets the same experience, every time they deal with the company.

2. They don't depend on one person.
If all the knowledge and skill resides in one person's hands or head, then the business is in serious trouble when that person wants to take a holiday, has to go to hospital, breaks an arm or leg etc.

3. Successful businesses can articulate what makes them different from others in their field.
Businesses that can do this run the risk of competing on price alone, a war that nobody wins (except the customer)

4. They always add value to the customer's experience.
The customer perceives that value has been added either through service,product features, distribution etc. The customer's perception is what's important - find out what's of value to them

5. Use strategies that recognize and reward their employees.
Reward and incentive programs should be based on performance, not just years of service or other demographic criteria. Employees are human; they respond to recognition - both financial and non-financial

6. Most successful businesses have a powerful vision.
They dream and think big, then they share it with their employees to create a uniting purpose

7. Planning - short term, long term, medium term.
There's no escaping it - working out where you want to go and planning to get there, will set you apart from the great majority of businesses that don't perform this activity well. Doing a plan at business start-up stage and never looking at it again doesn't really count as planning either. Plans should be reviewed at least twice per year, and done properly, can be your most powerful business tool

8. Product innovation - re-create or die.
The world moves on, people's needs change, and so must your products or services. If you don't offer it, no doubt your competitors will. Take time out to develop one or two new offers - road test them with your customers.

9. Surround themselves with the right support.
Successful business owners know what their skills are. They also know exactly what skills they don't have (and probably will never have). They employ or rent the expertise they don't have - after all, it's impossible to be an expert at everything

10. Have an exit strategy
Most people don't plan to be in their business until they reach the end of their lives, but
most people fail to plan how they will exit their business. Successful business owners know this before they start, and this drives the actions and decisions they make during the life of their business.


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Gervistill

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #34 on: September 02, 2007, 01:59:15 PM »
Mag-Negosyo Kita KABAYAN

Globalpinoy Chamber of Small and Medium Enterprises believes that a principal reason why the Philippines continues to lag behind its Asian neighbors in economic development is because of the lamentable absence of a wide-spread entrepreneurial orientation and a woeful lack of entrepreneurial skills among Filipinos. Even today, our youth are still brought up on the principle that the key to success is to get a good education preferably with impressive grades to be able to find good employment in big multinational companies. One look at our more successful Asian brothers will easily reveal that their economies were founded on local entrepreneurships, not employment.

There is therefore an urgent need to correct this anomaly that has left our country behind in economic development. This is most crucial as the whole world economy now faces the onslaught of globalization, a trend which cannot be stopped and will not be stopped.
Our country drastically requires the development of a mass-based entrepreneurial class if we are to survive globalization. A country of employees such as ours will always have a government that is beholden to multinational companies. On the other hand, a Philippines with a wide-based entrepreneurial class can exist on its own and could even wield companies hostage in this country.





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junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #35 on: September 03, 2007, 12:10:10 AM »


thanks gervistill for the efforts...am sure a lot have been enlightened with your posted articles. they're helpful...

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Gervistill

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #36 on: September 03, 2007, 12:25:39 AM »
"  F O R M   follows  F U N C T I O N " is a principle of Modern architecture and industrial design : arch't Louis Sullivan

junayag

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #37 on: September 03, 2007, 12:30:53 AM »


This is the essence of the forum... sharing insights....for knowledge and self-development...  may your specie multiply ( having the enthusiasm to share time, effort, info...)

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John

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #38 on: September 04, 2007, 09:59:21 AM »
Gervistll your so great, Ikaw maoy CEO sa atong coming nga TB company.

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Gervistill

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Re: HAVE A BUSINESS PLAN IN MIND?
« Reply #39 on: September 04, 2007, 01:41:44 PM »
bwwwwaaaa..
ajaw ko i apil-apil ana oi.. i know im not, what u r thinking for. kabalo ko naa daghan nag pa hilom-hilom dri.

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