CONCEPTS OF SUCCESSFUL ENTREPRENEUR
CONTINUE…………. THE CONCEPTS OF SUCCESSFUL ENTREPRENEUR…………..
79 Use payment accounts because the loan payment loan does not always have to be paid in cash.
Some loan providers are actually willing to give you financial assistance in exchange for the receipt of their accounts. In this way, your account receipts will be transferred to your loan provider and they will be responsible for collecting payments.
80 Instant repayment loans with interest payments typically increase interest rates.
This means that the interest deposits due (deposit) will continue, while the debt has not yet been repaid. For such loans, it is not good to keep them unpaid for a long time. If you are planning to get a loan with an accrued interest, then make sure that you pay the loan before the deadline.
81 Plan How You Get Debt
Initially, Some young entrepreneurs only think about the amount of investment they will be able to get from the loan. this is wrong. Before getting a loan, you must first plan how you will repay the loan. You need to ask yourself: Where will I get the money to pay the loan? When will I be able to pay? Will I be able to pay before the deadline?
82 Set up a contingency fund to absorb debts
Many companies go bankrupt due to poorly managed debt accounts. One way to avoid this is to have a contingency fund to absorb losses from debt. Familiar methods in learning the business idea on how to get admission to Successful Entrepreneurs.
83 Short Business Courses
You do not have to be a graduate. You only need to attend a small business course that may involve only a few units. Whoever you are after this is not a diploma but knowledge. This will give you an edge.
84 Learn the basics of accounting
A major part of business management is the accounting part. If you also have basic knowledge about accounting, then you will have a better idea about the flow of money in your business.
85 Enrolling in short law courses
In conducting business, you will also deal with legal matters. You are contracting, you will close deals, and you will also pay trade-related laws such as taxes. This is why it is important that you acquire knowledge about business law.
86 Read business books,
Locally available business books in bookstores will also help you a lot.
87 Stay up to date on business-related news
This is especially important if you are doing business in an industry in which it is very fast-moving. You need to be updated so that you can react to the changes.
88 Learn how to forecast movements in the economy
Experienced entrepreneurs avoid a decline in the economy because they had already predicted such a decline. They are able to take advantage of favorable conditions because they had predicted those favorable circumstances in advance.
89 Get advice from experienced entrepreneurs.
There cannot be taught them many things about business in the classroom. Some things are learned by experience. But you don’t always have to experience them yourself. Keeping in mind the company image, you should take ideas only from experienced entrepreneurs.
90 Successful Entrepreneurs
Keep track of your experiences in business and pay attention, to your business trends. You will soon realize that change and movement often follow a pattern. Be familiar yourself with patterns that will help to make the better future plan
91 Your company’s images can be protected in local government programs.
The local government in your place can organize public welfare programs once in a while. This may include health-consciousness programs, sanitation programs, additional employment programs, and such. If you can, it is recommended that you attend or participate in such programs. This will improve your company’s public image.
92 Avoid commenting on behalf of the company.
You should avoid commenting through your Facebook account, Twitter account, television advertisements, radio broadcasts, and similar comments. You should avoid commenting on particularly controversial topics.
93 Protect the rights of your employees
You should know what are the rights of your employees because your employees have certain rights protected by law and they want to be protected from you. It will be better that you don’t ignore it. If your employees complain of human rights violations then it will not do your public image good.
94 Be particular about environmental protection
You should deal with your waste products appropriately. You should not cause pollution to the environment in any way. If your business causes pollution, then you have to find a suitable place. Note that due to environmental problems your company will be very bad in the public’s eyes.
95 Donate Once While Anonymous Donations Are Effective.
But that would kill the profit. Yes, you sincerely want to help. But there is nothing wrong with being recognized for it. Donate at once and improve your company image.
96 Complying with Legal Requirements
Entrepreneurs following successful legal requirements. Follow Government requirements. Legal requirements for businesses vary from place to place. You should be familiar with the business requirement of that area, this will protect you from legal problems. You should do this before starting anything.
97 Remove the correct tax.
The government has agents who regularly check the tax-paying activities of businesses. This is especially true for large businesses. Therefore, it is advised that you avoid any tax-evasion tactics. If you are motivated for this, your company’s image will suffer and you may face legal consequences.
98 Right Salary
Employees today are very particular about their salaries. To protect their rights they are now very aggressive, unlike the past. Pay the right amount and do it on time to keep your employees happy and motivated.
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99 Completed Building Requirements
Construction requirements that you must meet before starting the operation. If you fail to do it quickly, the government may impose a fine on your company or even shut you down.
100 Follow Safety Requirements
Security requirements are imposed by local governments for businesses. Fire protection is common to all businesses. On the other hand, food safety and hygiene are strongly imposed on businesses dealing with food products. Follow all these requirements to avoid legal problems.
Concepts of Successful Entrepreneurs – Conclusion
Many people live rich lives because of very few employed people. Only a few people make it to the top and enjoy a good salary. This is the reason why many people choose to venture into business. They believe that there is more money to trade than to do a job. And yes, there is some truth in this matter. However, what they do not know is that many people who venture into the business also fail. The entrepreneur fails who wants to make some big. There are probably more entrepreneurs of such types. This is mainly because many novice entrepreneurs do not have the right skills and knowledge base. Hopefully, this post will equip you with the necessary skills, knowledge, techniques, and strategies, which will help you to succeed in entrepreneurship. This will be especially helpful for novice entrepreneurs who are new to the field. Even if you are already a successful entrepreneur who has been in business for many years, we believe that there are still things you can learn from this post. Feel free to read this post and we are confident that you will learn new things. This is the best thing to keep the copy for future reference. Remembering all 100 tips is not easy. Read this post in any condition and refresh your enthusiasm in reaching for success.