Answer to Question #263332 in Economics for Another you

Question

1. What are the guidelines for successful business implementation?

2. What are the basic requirements to start a business?

Answer 1

Thorough planning at the start, elaboration of a strategy, search for financial and human resources. Remember the more time you spend at the start, the better your chances. It is important to understand which of these stages is most valuable in your particular case and work it out in as much detail as possible. Multitasking is good, but still not in this case.

Filtering incoming offers. You cannot agree to everything that is offered to you, each such offer entails great risks. One big businessman said in an interview that he has been pondering the proposals coming to him for weeks. During this time, he calculates the possible profit and loss, if the result of the calculations did not correspond to his internal norm, he refuses offers. We advise you to take this method into service because time is a valuable resource and it is best to convert it into money.

Ability to delegate tasks. This is also a risk. However, this method allows you to prevent burnout and look at the work of the company from the outside. You will be able to spot problems and errors and quickly adjust your development strategy.