THINKING BUSINESS & FINANCE

Advantage Of Opportunities To Do Business

February 15th, 2010

Competitive edge is to have the needs of entrepreneurs, as well as other professions in life, which is the ability to successfully support. Dan & Bradstreet Business Credit Services Company (1993: 1) Recommendation 10 should have the ability, namely:

* Know your business, business to know what they are doing. In other words, an entrepreneur must know everything that the enterprise or enterprises how to proceed.
* Understand the basic business management, namely, to know the basics of business management, such as how to design a business, organization, and mengenalikan company, include the ability to calculate, forecasting, management and operations records. I know, is to understand business management skills, how to deal with and all the enterprise resource management efficiency and effectiveness.

* Have the right attitude, it has a good attitude to do business. He should like the businessmen, industrialists, entrepreneurs, executives, and sunggung really not half-hearted.
* Have sufficient funds, it is capitalized. Capital is not only material but also spiritual. Conviction and commitment are the main capital in the business. Therefore, there is enough time, enough money, enough energy and spirit of the place.
* Financial management and effective, it has the capacity / financial management, effectively, to seek funding sources and used properly, and to control it accurately.
* Effective management of time, it can effectively manage the time as much as possible. Organization, calculation, and hold time according to their own needs.
* Management of people, that have the ability to plan, organize, direct / incentives, in the management and control of companies.
* Statisfying provide customers with high-quality products, which makes the provision of goods and services through quality, practical and meet customer satisfaction.
* Recognizing Hozu competition, that is knowing strategy / how to compete. Entrepreneurs must be able to reveal the power (intensity), weakness (weaks), opportunities (opportunities) and threats (threats), he and competitors. He had to use the SWOT analysis, as well as themselves and their competitors.

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