10 Idea for Business Success
10 Idea for Business Success
Can you imagine what a seller of milk, house-throwing newspaper in his childhood, and a waiter in the hotel can become in his life? ...... he can hire millions of people, Can change an industry completely, it can make the world's largest company ... ..and it can become America's Richest Man
Image result for successful business Walmart
I'm talking about Sam Walton, who founded Walmart, the world's largest retail company. Sam Walton (1918-1992) is also called the father of modern retail, following the business model of this, while stores like Big Bazaar, More, Reliance Fresh have also opened in India. He was America's richest person from 1982 to 1988, and today even Wal-Mart always lives in top 10 companies and does business of billions of dollars. So think of yourself that if someone with such great achievements tells you the merits of doing business Then there will be breath in itself. And today on AKC I am sharing 10 Rules told by them:
Business to Build 10 Golden Rules
Rule 1: Be dedicated to your business:
You should be more convinced than any other person in your business. If the person has passion for his work, then he will overcome all his imperfections. I do not know that man is born with passion or he can develop it. But I know so much that you need it. If you love your work, then you will want to do it every day in the best possible way, and soon you will be able to catch it with you like any other fever.
Rule 2: Find all profits in Profit and treat them as a partner:
In return, employees will also treat you as a partner and then you will be able to do better than you can. If you wish, keep your control on the company but lead as a servant. Encourage your colleagues to buy company stocks and give them discounted stocks at the time of retirement. Perhaps this is the most important thing from what we have done till date.
Rule 3: Motivate your partners. Motivate your partners:
Just money and ownership is not enough. Everyday motivate and challenge your partners with new innovative ways. Set big goals, promote competition ... if the environment is fading, then switch one manager's job to another and be excited to make them better. Do not make yourself very predictable, let people guess what your next trick will be.
Rule 4: Communicate every possible thing to your partners:
By doing this, they will understand the business better, and the more they understand, the more care will be done. And when he starts to care then nobody can stop him. If you hide things from your associates, then they will understand that you do not consider them a partner. Information is power, the benefit you gain by empowering your asoocites is more than the damage done to the competitor.
Rule 5: Promoting what the associates are doing for the business:
By giving salary and share, you will get a kind of loyalty. But everyone wants to hear the praise of their work. We often want to hear your appreciation, and especially when we are feeling proud of any of our work. At the right time, there is no substitute for true praise by right words. It is equal to a treasure even when it is free.
Rule 6: Celebrate your success Celebrate your success:
If you are unsuccessful then find some humor in it. Do not take yourself seriously. When you are tension free, people with you will also feel lighter. Show encouragement - always. When all goes wrong, wear colorful clothes and sing silly. And then ask everyone to sing with you. Do not dance on Wall Street to celebrate your success. It has been done. Think of something new, it is more important than what we think and is full of fun, and this also makes the competitor even fool.
Rule 7: Listen to everyone in your company and take out such a solution that they talk to each other:
Those who sit in front - who speak to the customer - only they know what is going on there. So try to know what they know. Total Quality is just that. It is important to push the responsibility down to the bottom of your organization and to introduce new ideas that you try to know what your associates want to say.
Rule 8: Give your customers more than expected:
If you do that, they will come back often and again. Give them what they want - and then a little more than that. They should know that you appreciate them. All your fault Accept them and do not excuse - ask for forgiveness. Stand behind the things you do. To date, the two most important words I wrote earlier were at the bottom of the Wal-Mart sign: "Satisfaction Guaranteed". They are still written like this and due to them, so much has been done. Rule 9: Control your expenses better than competition: Here you can get competitive advantage. For 25 consecutive years - before becoming Wal-Mart's country's largest retailer - we are No.1 in the lowest Expense to Sales ratio in this industry, you can recover many of the mistakes even if your operations are efficient . Or you may be out of business even if you are very brilliant if you are very inefficient. Rule 10: Swim opposite to the stream: Go to the other side. Leave Traditional Wisdom If everyone is doing the work in the same way then it is a great chance that you can get your niche right in the reverse direction. But be prepared for this that many people will point out that you are in the wrong direction Going. I think I have heard more than anything else in all these years that: a town with a population less than 50,000 can not support a discount store for a long time.
