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Strategy  & Scaling
Strategy & Scaling
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10 questions
4 posts

Answer

The things in business never go linearly. There are always some kind of adversities and doubts which arise at any point of time but one must deal with them well. Some ways to deal are as follows -

Be Persistent

Giving up is the easiest option. There may be situations in which we may want to give up. But giving up leads to no success. With practice, you will learn to navigate adversity and in turn, change the outcome of your story.

Get rid of Expectations

As any business is full of uncertainties and challenges, one must be ready for this. When such circumstances come, one needs to stay calm and act wisely. The problems can be solved with appropriate decisions. Ont the other hand, some situations might be out of one's control. To deal with such situations, we may have to take a different path than a pre-planned path. In such situations, one may have to cut loose their expectations in order to get the things back on track.

Keep Flexible Perspectives

As mentioned in the above point, some things may not go as planned. In some situations, our way or methods might not work or the way could be wrong. In such situations, one must be able to accept situation. If we keep wasting our time energy on thinking why the things did not go well, this may affect your future work.

So instead of getting stuck to the same thing, one must have a flexible perspective. One... (More)

Answer

Passive income is income that requires little to no effort to earn and maintain. Passive income is earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved. Some ways to earn it are -

Start a blog.

Blogging is one of the best ways you can create a passive income. In the beginning there might be no income. But, over time, you'll start to generate an income from that blog.

There are some basic steps you'll need to take before you start a blog. Blogs in the following sub-markets make the most money:

  • Technology related blogs
  • Dating and relationship related blogs
  • Money related blogs
  • Diet and fitness related blogs

If you're launching a money related blog, maybe it'll be about how to make money in real estate or simply how to make money online.

Create an online course

There are so many things that can be taught through an online course as many students today prefer for the online course rather than going to classes physically. One can teach technical skills in my courses such as how you can become a web developer or learn search engine optimization, but you can also opt to teach other skills such as playing an instrument, learning a new language, becoming a photographer and so on and so forth.

Do affiliate marketing

One great way to generate a passive income is through affiliate marketing. Affiliate marketing is likely one of the most powerful ways that... (More)

Answer

To survive in the challenging competition int the market, it is crucial to increase the worth of your company. This can be done by below mentioned ways-

Offer Better Quality

To increase the worth of your business, you must offer better quality than your competitors at the same price. Quality refers to utility, to the use that the customer needs to put the product or service. It is the customer’s specific need, or the benefit that the customer seeks, that defines quality in his or her mind.

The Faster The Better

The another way to increase value is simply to increase the speed you deliver the kind of value people are willing to pay for. A person who can do it for you fast is considered to be a better and competent person offering a higher level of quality than a person who does it slowly, or whenever they get around to it.

Eliminate Your Debt

If you are interested in building your company’s network and worth, it is also important to do your best to get rid of any debt that you may have. Many new companies like to take out business loans to try to finance operations. If you have done this, do everything that you can to pay down these loans.

Increase Convenience

The fourth way of increasing wealth is by increasing the convenience of purchasing and using your product or service. The certain steps must be taken to make customers happy. Their queries must be... (More)

Answer

As a manager, one has to look into many things; motivating employees, co-workers is one of them because a motivated employee can work more efficiently and passionately.

Be a Respectful, Honest and Supportive manager

Things like respect, honesty, support and clear communication are the foundations here. If manager pays respect and supports the employees, it really helps make them feel good to be part of the organisation. Thus, they work more efficiently. In a nut shell, if you’re a good person to work for, your employees will be more loyal.

Give them room to grow

If an employee is good at something or has some wonderful skills, then manager must support him to work more on his skills.Especially if your business is rapidly expanding, giving your employees room to grow within the company is a huge motivator. If you’re opening up a second location, think about which of your employees might be a good fit for a management role there.

Share positive feedback

It’s great to feel fulfilled by your work. In fact, it’s one of the key job satisfaction factors. Satisfaction in your work can come from a variety of places. If the customers express a positive feedback about the product/service, then it must be shared with the employees. Letting your employees know they made someone’s day (or more) makes them feel good and gives them a deeper connection to your business.

Maintain friendly relation

It's good to have friendly relationship with employees/colleagues because it makes the work environment... (More)