4 General Knowledge of Running a Business Easy for Beginners to Understand!
Startup Business Illustration
Netgenz - Business | Just as many people know, some of the big businesses today started from small areas with limited capital. If only the IT giant or Microsoft who started their business from a vehicle garage had four wheels or Facebook who walked for the first time in a dormitory. We've certainly heard a little about some small businesses and starting out often complain or blame themselves or their competitors for not being competitive. Nach, for those of you who want to be a businessman, there is some knowledge that you need to know and do before starting a business. Don't read here.
1. Finding out a lot of business knowledge
A special situation that is naturally perceived by some novice businessmen as a discourse or business knowledge that is less mature and overall. This business knowledge is like how to start a business, make simple plans, make appropriate marketing, branding, packaging, product distribution, simple things, and company administration.
Naturally, novice businessmen do not have a lot of basic knowledge about the basics of business knowledge. However, this is a special investment and will be very valuable for the continuity of the business. This source of business knowledge can be easily obtained.
It could be by attending a business seminar or a young business community. Especially now that news access through cyberspace is really easy. All this business knowledge can actually be obtained easily without the need to spend a lot of money. You can join the ranks of social entrepreneurs to receive knowledge -- knowledge about business from the experts.
2. Build and Expand Market and Distribution
Several components decide whether a product can sell or not. Starting from promos that are driven to potential customers or product marketing channels. However, the components in particular, whether or not one product sells well, are based on the location of marketing and distribution of the product until it reaches the customer.
Often there are problems encountered by small businesses, namely limited capital to open their own stalls or run distribution so that products can be seen and can be obtained by customers. This limitation can be overcome by utilizing virtual world technology, which is currently having a reputation. Beginner businessmen can maximize marketing and branding through online means to all social media and marketing media in the virtual world, including online shop bases.
With online marketing, you can sell products without geographic boundaries. It must really provide benefits for novice businessmen. It's just that you need to create a good internet marketing network so that customer product searches are always directed towards your product.
3. Manage Capital with Cash Flow Management
Starting a business does require capital and investment. For businesses to continue to run and develop, capital needs to be properly regulated. You can't spend too much money until your expenses become puffy. Instead, it should not be until the capital that was originally obtained from borrowing but the business has not realized the benefits that can cover the debt. You should have your own capital to finance the business you are doing. But, at certain times debt is really needed, and taking debt is not a wrong thing.
Good financial management as they focus on marketing and how they use cash flow well. If there is profit, some can be used to increase the business so that it can be large so that the income actually increases. Business debt is gradually paid in installments until it is paid off.
4. Use Reputable Technology and Make Friendships -- Broad
In this modern era, there is a virtual world and a computerized world that gives some novice businessmen benefits. And small businesses, but with our stable technological power, we can compete with well-known big businesses.
In this case, careful use of existing technology is required. The conditions are pretty easy. You only need to buy a computer or smartphone. It doesn't need to be great, just well-operated, some frequently used software.
Making friends and having a lot of acquaintances really gives a lot of advantages. What's more when starting a business, the more close friends, the easier it is to do business. By knitting friendships, you can learn a lot of new things whose knowledge can be used in business.
Or some close friends have important news related to the availability of cheap quality raw materials for products. It can start from a close friend to become a business partner. The most striking, consciously or not, the closest customer segmentation as their own close friends.
Therefore, cultivating friendships is the same as a very important investment in business continuity. Looking for as many close friends as possible, who can bring a positive impact on us and our business. And naturally, the benefits of these many close friends cannot be tested immediately, later good close friends will be ready to help us when we are in trouble.