Running a business Skills & Experiences. What is business?

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Transcript of Running a business Skills & Experiences. What is business?

Running a businessSkills & Experiences

What is business?

What is business?

Business management is common sense

Business success comes from productivity, productivity comes from focused goals.

What is running a business all about?

Set your goals

Communicate your goals

Achieve your goals

Set your goals

Budgeting & Financials

Customer Service

Expansion & Innovation

Budgeting & Financials

Revenue $500,000

Cost of Goods Sold - $200,000

Gross Margin = $300,000

Operating Cost - $200,000

Profit $100,000

Customer Service

Expansion & Innovation

“Look for what is missing. Many know how to improve what’s there; few can see what isn’t there.”

– Swanson’s UnWritten Rules of Management

Communicate your goals

Building relationships:

Employees

Clients

Partners

Employees

Employees

Communicate your goals in writing

Be the boss to whom your employees can tell it like it is

Clients

Partners

Achieve your goals

Product

Sales & Marketing

Operations

Product

Marketing

Operations

Seamless system

Easy – to – use

Store environment

What is running a business all about?

Set your goals

Communicate your goals

Achieve your goals

Questions & Answers