In the previous post, I have been writing about executing business strategy for business success. The success of a business is also located on the consumer, consumers are buying products or services that we offer. More consumers equal to more benefits we earn. Try to increase the number of consumers every day in other words we need to expand network business. The broad business network the more broad the market our business and ultimately the number of consumers will be more and more.
Success in building a network business network covering consumer market and network of cooperation with other companies that can potentially improve our successful business. Before you start building a network business, you need to know the basics in building business networks. Here are 5 tips on how to building business network.
1. Recognizing your network
Recognizing the network aims to find out the background of our potential business network. For example if we want to expand the network customer, then we must recognize who our customers, the ability to buy, consumer's power, how much interest consumers to purchase products that we offer, etc.
2. Identifying Ability potential business network
We must know whether the potential business network that we will get cooperation able gives advantage for our business or not. If they are able to start working together, they are our business network.
3. Identifying similarity desire
If our goal is to build a business network for profit, then you must make sure that the potential business network will get us working together will give benefit from us as well. Moreover, we must dare to say 'you give benefits, we will grant more'.
4. Maintaining good relations
The next step after we know the similarity desire between us and our network, then we must maintain good relationships with a profitable business network for us. Maintain the business relationship network can increase the seriousness of their belief in our ability to building business network.
5. Evaluation of cooperation
We need evaluation of our work result. We must be able to receive complaints from the network related to our business development partnership that has occurred. Give them the opportunity to evaluate the results of the cooperation that has been built.
Tuesday, July 28, 2009
5 Tips On Building Business Network For Successful Business
Monday, July 27, 2009
Business Strategy and Executing Business Strategy Must Be Balanced
Business strategy is very important to build a new small business so that business can survive against the tight competition and still get consumers and our small business still operate. Business strategy can be how to get customers, how to increase sales, how to get more profit, improve service quality, improve productivity, etc.
As an entrepreneur, we will never be separated from the business strategy. We must be clever to run a business, the competition and deal with problems that can threaten the existence of our small businesses. But, business strategy is not the key for business success. Business strategy is very important, but don't forget how to execute the business strategy. Planning business strategy and executing business strategy must be balanced.
Talking about planning business strategy and executing business strategy, it reminds me with a book "Execution, The Discipline of Getting Things Done" by Larry Bossidy and Ram Charan. Do you ever read it? This book review on the importance of strategy in business. But a more important and people often forget is how to execute that strategy and how to apply business strategy into real actions that are useful for the company in achieving the objective.
This book is very interesting. He describes that in 2000, there was 20% of the world's top 100 companies (taken from the Fortune 100) CEO is dismissed or the sack or resign before the requested time. Why? In fact the CEO was not able to execute the strategy that has been described.
People always think about a good business model, strategies on how to become successful, what techniques should be done to achieve extraordinary success. They have the brilliant brain, genius, smart, MBA from top universities, have recognized a high IQ, and carefulness in work to see the market. But often fail. Why? They appeared not realistic. They do not see the execution as the best strategy. In other words, they do not run strategy with a good way.
If you want to become a successful entrepreneur in the business, think your business strategy with the well and execute a business strategy that has you made well also. Business strategy and executing business strategy must be balanced.
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