TOP 10 BUSINESS SECRETS

Top 10 Business Secret

Something is regarded as a secret when you don't know what it is and when it is kept within the confine of a particular industry or profession, which is of tangible value.
 If you ask me the difference between you and the likes of Bill Gate, Dangote is the number of people that are working for them. Do you know they have more than 24 hours in a day even though everyone is entitled to just 24hour?

You might want to ask, how is possible that they have more than 24hrs. Let's say for example Bill Gate has just 24 hours naturally apportioned to him, but by virtue of the fact that he has more than 101 persons working for him, that simply tells you that Bill Gate has (24hours x 101 persons working for him) that is the number of hours he has in  a day. Isn’t that amazing!

Meanwhile, before he got to that level he started from somewhere and those 10 top business am about to let  you into, form some of the basis of what he used or applied in his business that made him a popular businessman

Here are 10 top business secret that will help your own business grow beyond this level to stand the test of time;

1. Learn to know yourself: Knowing yourself is one great way to excelling in business. Successful people are people who know what they want and pursue it. Grow yourself as a dynamic leader who can start a good business strong enough to employ others and able to influence people in the right path.

2. Enjoy your business: This is another important way of becoming successful in business. You need to enjoy what you are doing in order achieve great result. Set goals for your business and work towards achieving within the speculated time frame.

3. Be mindful of the people you work with: The people you work with is another important factor to consider. The people that work with you should be people that have the same vision and mindset as you. They should be people that will be committed to the work on ground and make sure nothing is left undone. So watch it, the kind of employees you hire, should be very much considered.

4. Be time conscious: Time,  as you know is the soul of a business and time does not wait for any one. Whether you are sleeping, moving, working, time is always ticking. As I would always say, in time there is no time. So boss, do what you have to do now and stop procrastinating. Procrastination is a thief of time. Don't say I will do it tomorrow or next. Why not do it now, while you can! Time management is one of the important key success factors of a business. So use you business time properly and make that business decision on time before it’s too late or before you lost that contract to your competitors.

5. Carry out a Self SWOT analysis: SWOT simply means Strength, Weakness, Opportunities and Threat. First the internal fact ors that might affect your business is more of your strength and weaknesses. So as a company you need to know what you strength is, so u can capitalize on it and also know what your likely weaknesses are, so you can work on it to eliminate or to reduce it.

6. Plan for uncertainty: Most small business fail today because in their initial plans they forget to make provision for unforeseen circumstances, which I call uncertainty or unforeseen expenses. Which when it occurs tends to greatly affect the profit margin of the business.

7. Engage in corporate Social responsibility: Your Company should once in a while engage in community services, also known as giving back to the community where you operate. By so doing, you are telling the people in that locality that your company appreciates them for allowing you to do business in their community and you also creating a long lasting relationship with the people. Community service could be in the form of providing scholarship to deserving community children, providing employment opportunity for some off the unemployed youths in the community, building hospitals, and schools etc. depending on the capacity of your company.

8. Don't be too comfortable where you are: If you are too comfortable, in your current position, that's a failure signal. That’s not good enough for business. The business world you see today is highly competitive. Every business wants to be on top of the list. So you can't afford to be too relaxed.

9. Be Strategic in your approach: Define your approach. Study the environment and the industry you belong. From time to time carry out research and development and be observant so that you don't become among the 'dogs' in the market according to the BCG business matrix. So you should be sure of occupying a good position in the market.

10. Grow your connections: to be known in the business world you have to engage in networking, be all over. Let the world see your company as the leading company.