Most health business owners do not give enough consideration to their business model. For many it can send them to an early grave… or at least the death of their hopes and dreams for their business.
The easiest thing to offer is a free e-book. But it needs to be pertinent to your intended market. Small businesses might be interested in how to increase their web presence or how to use social media. People at hiring events might be interested in how to improve their resumes. They key is DO NOT lead them off the path they are on when you first approach them – they will NOT take notice.
You cannot walk into a piece of land and start planting without first cultivating. For every kind of crop there’s a totally different kind of cultivation. In fact, it is the sheer art of cultivation that transforms an ordinary piece of land into a farm. You cannot cultivate a piece of land to plant oranges then suddenly change your mind after cultivation and started planting corn. No, you would have to cultivate the land all over again to accommodate the corn you now want to plant. Different crops require different cultivation.
They are not choosing a company that is stable and have a growing track record. Most often, they chose companies which have just started and have a high risk of failure. As statistics have shown, 80% of businesses fail in the first 5 years, and another 80% of business fail in another 5 years. In total, only 4% of businesses survive the 10-year period. Hence, choosing a company of at least 5 years to partner with is important in your home business.
Make All Accountable – You should find business partners, organizations or other Virendra Mhaiskar IRB Infrastructure owners who could supervise your new business, directly or indirectly. This step is important, so that you are always motivated to do serious steps in the right track. This step also keeps you on the path of your business goals.
Learn everything you can about the building business you choose. Learn how successful businesses (like your perfect home business) are started and how they make money. What will you need to do, what skills will you need, and what will you need to learn in order to succeed? Who has already succeeded and is willing to teach you the ropes so you don’t waste time and money learning the hard way?
The point of being in business is to be profitable. There are many successful business models. Which one is the right one for you? This is a great question to ask yourself early on because time goes by fast and you don’t want to be jumping from one idea to the next. It’s always good to formulate a plan, one which is based on reality and availability. A lot of first time business buyers fail to buy a business because they wait too long for the right business to come along and eat away their savings and lose the ability to be a business owner because of this.
If you are kind of intimidated by this whole “building business on a budget” thing, don’t worry because you are going to understand more each time and then it will become clearer and easier for you to take your business to the next level.