I used to think I knew what I was doing and every year when my accountant gave me the financial reports I muddled my way through until one day I said to him
Sales
No sales, no income, no money. Very important, you must sell. Selling is the most important activity in every business. The sales people are the only people that bring money in.
More often than not, the sales person come back. He has to fill-up 20 forms, just to get one piece of paper. Our job is to make the sales people happy, stay motivated, so that they can go out and bring in money. Without a sales people, without sales, we don’t need anybody in the company.
Innovate
We must constantly innovate. In the book called “Made in Japan”. It states Sony is only three months ahead of their competitor. Constantly innovating the sales process. Find out what the customer wants give it to them in the most efficient way at a price they are happy to pay. You will continue to increase sales.
Supporting sales and innovation, A business person must have financial literacy.
Financial Literacy.
Warren Buffet, one of the richest people on earth, He said “we must understand accounting, know how to interpret financial statements. If not, then don’t invest yourself”.
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Disclaimer: The content shared on this blog and in these videos is for informational and educational purposes only. Despite my 30 years of experience as a business owner, I am not a certified financial advisor, accountant, or legal professional. The insights and tips shared are based on personal experiences and should not be taken as professional financial or legal advice. For financial, legal, or professional advice, please consult with a certified professional in the respective field. I disclaim any liability or responsibility for actions taken based on any information found in this blog or these videos.
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