Showing posts from November, 2020

Business Lessons You Can Adapt from Big Corporates

“Experience is the best teacher.” It’s not necessary that you have to know everything before you start a business, so many new things will come along the way and eventually, you will learn anyhow. Consider Apple , Tesla , SpaceX , Google , Microsoft and Amazon . These are the companies that went huge, after many years, and every young entrepreneur should know these famous business lessons; Look outside the box when sourcing Talent : Your first 10 people will determine how far your company can go, so hire slowly and fire rapidly. Encourage your Employees to think big, even to quit, if it’s for the best : Make your employees your asset so that they will work long way for you and you don’t need to train people every now and then. Be clear with your expectations : Whatever targets you make for the day, month and year, be specific and achieve them anyhow and show it to your team, make it a habit and you will never miss your goals. Be intentional with how you build your work culture : Your

How To Bring Former Customers Back to Your Business

When you’re looking at the future of your business, it can pay to take a moment to look backwards. Specifically, focusing on the customers who used to do business with you can improve your relationships with current customers — and give you a surprisingly affordable way to grow your business. Customers leave for any number of reasons. Those who were dissatisfied or angry with your business probably won’t come back. But the rest — those who simply may have been tempted to do business with one of your competitors or those you just didn’t work hard enough to keep — may be willing to return and do business with you again. Going after those ex-customers is well worth the effort. After all, they thought well of you enough to do business with you in the first place. Just as important, they already know who you are and what you can do, so you don’t have to invest a lot of money to introduce yourself and explain the basics. You do have to be careful that you don’t fall into the mindset that aff