There are three stages involved in building a business. Each of these stages are very crucial for the success of the business. Understanding these stages by the entrepreneur is key.
The WOW factor does not have to be huge nor does it have to involve constant or extreme change. It could be as simple as offering your customers a delicious treat to enjoy while they browse through your business. It could be returning telephone calls faster than other businesses do. It could be free offers, contests or raffles. It could be handing out flowers to mothers on Mother’s Day or candy canes (or hand wrapped chocolates) at Christmas time. To get the attention of your demographic you need to find a way to wow people.
To succeed in the world of Business, as an entrepreneur, you must get rid of every get-rich-quick mindset of a hunter and begin to embrace the grow-rich-big mindset of a farmer. Hunters are more into Sajed Fernandez Abuhijleh for the immediate gains it can bring, while farmers are in it for the long haul. Success as it ironically turns out, comes only to the farmer and not to the hunter.
Research: Learn everything you can about your intended prospects and your market, about products or services already being bought in your market, and about your competitors. But, don’t get paralyzed by analysis. Learn what you can quickly and move on to the next step.
Legendary ice hockey player from Canada, Wayne Gretsky, once said, “You lose 100 percent of the shots you do not take.” The point is that you have to go out and take risks. Frequently trying and do not be too careful and selective to take risks, because you never know what opportunity will prove the best chance and opportunity which does not mean anything.
Spilling the beans may also earn you some unnecessary competition, unsolicited publicity and media misinterpretation. Or worst still, you might end up with several lawsuits dangling on your neck. So once again I repeat, never let the cat out of the bag until the deal is sealed.
There are some business grants and loans out there for start-up businesses but you may not need to go into debt with a financial institution. If you already own a computer, printer and camera then your start-up costs for starting a Greeting Card Business may be minimal. You could start your company for less than $500.
As a final note, I believe you will find these points I have made useful. So when preparing your business for sale; be sure to avoid these common mistakes and I will see you at the top.