Now, Build a Great Business!: 7 Ways to Maximize Your Profits in Any Market

Now...Build a Great Business
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Now...Build a Great Business

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  1. Demanding Democracy: American Radicals in Search of a New Politics.
  2. Now, Build a Great Business! 7 Ways to Maximize Your Profits in Any Market!
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Revoke Consent Submit Consent. Success Strategies. Brian Tracy shares his seven secrets to adding value in your job, business or products for greater success. Next Article -- shares Add to Queue. Image credit: Getty Images PeopleImages. Brian Tracy. VIP Contributor. October 19, 5 min read.

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Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more. Learn More. Latest on Entrepreneur.

I confirm that I am over the age of 16 and consent to the collection of the above data. Entrepreneur members get access to exclusive offers, events and more. Login with Facebook Login with Google. The fact is that the best businesses have the best leaders, at every level.

Passive Income: How I Make $7,200 A Month (5 Ways)

The job of the leader is to establish the vision, values, mission, purpose and goals of the company. If the leader is not absolutely clear about each one of these, it is not possible for anyone else in the company to be clear about them either. It is to make the critical decisions that determine the fate and future of the business. The job of the leader is to be clear about what he or she wants to accomplish and then get everyone in the company focused on that end goal.

The leader must be goal-oriented. The leader must be result-oriented.

10 Straightforward Ways to Improve Your Small Business

He must focus the limited resources of the company on those areas where the greatest results are possible. In addition, you must be people-oriented, solution-oriented, sales-oriented, and cash flow-oriented. These are the requirements of leadership in a turbulent business in a tough market economy.

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The process of developing a business plan forces you to think through every critical element that will determine your business success. You must have a plan for selecting your products and services, developing your marketing, selecting the right people, getting the money you need, designing your sales process, arranging for distribution, service and collection of payments, and many other factors.

Especially, you must be absolutely clear about the critical numbers in your business. There is always one number that is more indicative and predictive of your success than any other and you must decide what it is. It may be number of sales, size of sales, profitability of sales, number of repeat purchases per customer, or rate of growth. There are thirty-five different measures that may be applicable to your business and you must be absolutely clear about which measure is most important to you.

Your ability to interview, select, hire and deploy excellent people is the control valve on your success in business. Fortunately, you can become excellent at the process of finding and keeping good people with a little instruction, guidance and practice. See our User Agreement and Privacy Policy. See our Privacy Policy and User Agreement for details. Published on Nov 25, SlideShare Explore Search You.

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