You know that multitasking is a bad idea. You may even know that frequent multitasking shrinks your brain and lowers your IQ. But did you know that, far from saving you time, multitasking cuts your productivity by a whopping 40 percent?
1. Choose one task and commit to it.
2. Pick a place to park distracting inspirations.
3. Give yourself the gift of distraction-free time.
4. Perform related tasks in clusters.
5. Grow your attention span with a little quiet time.
6. Become a master at saying no.
7. Ask the people around you to hold you accountable for focusing.
According to Business Survey. magazine, 33% of all new businesses fail within the first six months. Fifty percent of new businesses fail within their first two years of operation and 75% fail within the first three years.
1. No Business Plan
2. Under Funded
3. Lack of Operating Goals and Objectives
4. Failure to Measure Goals and Objectives
5. Failure to Pay Attention to Cash Flow
6. Failure to Understand the Industry and the Target Customer
7. No Means of Differentiation – Just Another “Me Too” Business
8. Poor or No Marketing Programs in Which to Attract New Customers
9. Underestimating the Competition
10. Not Cost Competitive
11. Lack of Attention to Accounts Receivables and Inventory
12. Poor People Management Skills
This demonstrates a huge potential for social media marketing to increase sales, but a lack of understanding on how to achieve those results. Here’s a look at just some of the ways social media marketing can improve your business:
- Information about your company, product and opportunity
- A system for ordering your product or registering to operate a business
- Information about training and your support team
- A list of the advantages of joining your company and team
- The offer of a free e-book, document or newsletter if users give you their name and a valid e-mail
- An autoresponder that sends follow-up e-mails to everyone who provides their contact information. Make sure it can also send out newsletters.
Marketing tactics you may want to try out include:
You need to read these steps for good health of partnership. Because, A business partnership can be every bit as complicated as a marriage. And, like matrimony, some partnerships end unhappily.
- time commitments, or
- investment in a desired outcome.
Spending much money without asking to your partners, hidden transactions, hiding clients payments etc. These are major issue in financial disagreement.
Disagreements are not necessarily a problem, but difficulties in resolving disagreements are. Psychologically, the inability to resolve conflicts often signals basic incompatibilities in a partnership, personal dislike, or divergent worldviews and values. But even if all that stays in the subconscious background, difficulty resolving disagreements generally reflects important differences in communication styles, priorities, and personal flexibility, any of which can put extra pressure on a relationship.
- rarely or never take time off, while the other partner cherishes regular “off hours”;
- obsess over certain issues, while the other partner thinks them through to a suitable policy and moves on; or,
- insist on volunteering their services for certain causes or decline certain business opportunities in order to reinforce personal values that the other partner deems irrelevant to the business.
- taking cash out of the business early versus delaying immediate income in favor of investment toward long-term growth; or
- running everything personally based on “gut feelings” vs. establishing policies and developing staff so that the business can run without the partners’ close oversight.
- Always provide value and service to those who may be your customers, even if they are not currently. When they do need your product, you want them to think of you first.
- With the advent of the internet, online businesses are probably the easiest way to start and very much less expensive in terms of start-up cost than an offline counterpart.
- Keep learning, and be adaptable to change. Find buddies, mentors, local business-related organizations, Internet forums, and wikis to discuss the daily details of running a small business. It’s much easier for everyone to perform their core businesses well and prosper when they don’t waste time and energy “reinventing the wheel” on housekeeping.
- A franchise is a great idea although the start-up capital is way too high for most people.
- Most direct selling companies have low start up capital compared to a traditional brick and mortar business. You can also break even rather quickly compared to the traditional business.
- You can also consider trading on eBay or Flipkart, Snapdeal.
- It is ok to start small with one or two products and then add more and more great ideas as you go!
- Don’t be afraid to experiment with prices. You should determine the minimum price for your product or service to break even, but experiment with low-price or premium-price variations.
Launching Your Business
1. Secure space. Whether it’s an office, or a warehouse, if you need more space than your garage or your spare bedroom, now’s the time to get that.