Running a business Skills & Experiences. What is business?

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Presentation transcript:

Running a business Skills & Experiences

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

 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