Business tips Business should be an adaptive effort, and continual learning will assist you in improving your business acumen. Finding new information or lessons that can improve the bottom line for your business requires a regular research to ensure that you stay on top of what is currently happening in your industry. Business tips can come from multiple sources; from books, the Internet, television and others. Networking with people closest to your business and most familiar with your industry can help you to tap into a flowing stream of practical business tips. Taking a professional approach to using the social media and getting involved in your local community are ways to surround yourself with trusted and experienced advisers, no matter how focused you are. Associates Tips on navigating local politics, changes in market demands and new competitors entering your area can be gleaned from a regular involvement in events such as networking mixers and fundraisers hosted by your local chamber of commerce or professional associations. If you’re an entrepreneur, personal guidance can be found through a mentor. A former boss or college professor may also serve as a mentor to you. Attending university courses or seminars led by experts in your field can enlighten you. Even hitting the country club or golf course can put you in touch with potential advisers. Online resources Tips are copious online for nearly any business niche. Moderated, invitation-only groups focusing on just about any niche exist on the networking website LinkedIn. These groups give you opportunities to engage in discussions and build relationships with like-minded professionals in your industry. Employees Ask your long-time employees to tip you off on the critical improvements necessary for a smoother, day-to-day operation. While you may be paying attention to the larger issues of running your business, certain jobs you’ve delegated could need tuning up to make your business tighter and more profitable. The employees working these jobs are in the right position to give you practical feedback on how to improve. Customers It is essential to connect with your customers regularly for feedback. Customers can provide valuable tips to improve the products and services you offer, the usability of your website, the response time on addressing requests and concerns, and improving the overall customer experience so as to attract repeat business. For the customers you don’t talk with in person, you can create an online survey on your own website or use a website such as SurveyBuilder. Include a link to your survey on every invoice and receipt. Periodicals Read business periodicals and watch business-themed television shows for additional information and ideas in operating businesses. Some publications are tailored to specific industries. Subscribe to several of them so that you can get different viewpoints and keep up on the latest news in your field. You can also ask other business people near you for advice in running a business more efficiently, and ask for assistance on any problem that you are experiencing. Find a mentor, who is experienced in your field. This should be a person you can go to for advice. Search the local bookstore or the library for books or journals applicable to your business. You can pick them up and choose titbits of information that will help you in your chosen career path.
Posted on: Wed, 06 Nov 2013 15:52:00 +0000
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