Ir al contenido principal

Mauro Libi: Five keys to reach business success



     To achieve business success, it is essential to clearly define the objectives, the goals to be achieved, and the strategy to fulfill this task. Let's start by pointing out that there are five main elements that allow you to turn your business into a great organization that you have to apply to be able to obtain the business success. It is not enough to formulate imprecise goals like wanting to be profitable or to make big profits. No, it is necessary to formulate specifics: such as achieving a profit quantity during that year or achieving such a margin of profitability through such a strategy.

     Therefore, the entrepreneur who intends to be successful requires the following aspects:

1. Ideal client: You need to be clear about the niche market and the customer you want to serve. Create a representation of your client that contemplates their age, sex, profession, trade, direction, aspirations, economic level, needs, and expectations. Define that perfect client to which your organization aspires.

2. Potential profit: For this, it is necessary to establish your contribution margin is sufficiently attractive to cover the fixed costs and expenses, as well as the payment of the debts and the gain to which it is aspired. Your business has to be profitable.

3. A good team: Those who work with you have to form a competent, diligent and committed group with the goals and objectives of the organization. They have to be fully identified with the brand. So, hire the best talent you can afford, regardless of the size of your business. When evaluating and measuring the performance of your staff you should do so in terms of results and not hours worked.

4. Understand and control your company: To do this, take advantage of the control tools available that allow you to accurately establish the financial situation of your company, as well as its results, production and margins of profitability. Ensure that the organization's financial statements are ready by the tenth day of each month. Also check the suitability of these. You should also use tools that measure the results of every area of the company, as well as your environment, competition and trends.

5. Define where you want to be: In a period of 5 or 10 years, set sales goals, as well as earnings and accumulated wealth, expressed in assets, investments, lifestyle, and so on. Don’t miss any detail, set short-term goals because you must know how much you aspire to earn in a month, in six months and in a year.

Visita:
http://maurolibiempresario.blogspot.com/
http://maurolibithinkingforbusinesses.blogspot.com/
http://maurolibivenezuela2015.blogspot.com/
http://maurolibicaracas.blogspot.com/
http://maurolibivenezuela.blogspot.com/
http://maurolibicrestaniempresariodeexito.blogspot.com/
http://maurolibicrestani15.blogspot.com/

Sígueme
@maurolibi12
Facebook
Linkedin
http://www.mauro-libi.com


Comentarios

Publicar un comentario

Entradas populares de este blog

How does technology help in business communication?

One of the elements which has undoubtedly worked to support our growth, expansion and excellence projects in the last years, has been technology applied to business communication. I still remember when everything was reduced to memos, billboards, advertisements, photos and one or another printed publication in order to communicate inside the company; at the same time absolutely massive Advertising in existing media was in charge to go to the great public which included our customers and prospects.  Today we can say that with the advance of humankind, communication needed is also appearing. And our times make use of digital communication to improve business processes with more efficient and functional ways which allow more interaction, and overall, business productivity. Technology in communication expressed in the use of Internet, and with it, the Web, social networks, e-mails, multimedia resources (videos, infographics, memes, podcast, live broadcast, etc.); joined wi
2 comentarios
Leer más

Mauro Libi: Social responsibility can improve your financial performance

 Social responsibility represents benefits for the society where the organizations are located, but for the companies too , since their effects are also felt in profitability.Just as you read it, it is proven that the risk of affecting the profitability of companies and enterprises grows when there is no specific application of responsibility with the organization's environment, nor transparency and business ethics. It is therefore, essential that organizations incorporate socially responsible actions into their management and, the benefits go beyond philanthropy or timely help that companies can provide to the communities where they operate.The actions of social responsibility are highly beneficial for organizations beyond the immediate effect that their action generates in society, and in the long term, the contribution that companies and enterprises make in their environment help generate a virtuous circle and healthy economic development.  How they do this?By i
1 comentario
Leer más

Mauro Libi Crestani: Change initiatives are not just whole scale business transformations

By  Mauro Libi Crestani.  Business hire management teams to figure out new ways to solve customer problems, improve products, create new revenue streams, and reduce costs. This involves creating new ideas for change. Technology, innovation, products and the way of doing business means coming up with new ideas for staying competitive in today’s quick moving market. Every change starts with an idea—a vision of what could happen to create a tangible benefit for an organization. But ideas are not enough. Change initiatives are not just whole scale business transformations. These make-or-break moments can also be leadership changes, restructurings, culture changes, system implementations, operational excellence programs, workforce programs or new market expansions. This involves time and money. Given all the investment in change and its importance to a company’s future health it is important to take note that….. A seminal study by Harvard Business School professor emeritus John P.
Publicar un comentario
Leer más