Business Administration in instinct

Business Administration in instinct

Ways to create a small project and its management and development, under any economic conditions

My aim in this book is to help you to start your own that dream, and that leads to the success of this project, and to avoid bad choices, and that doubled the size of the assets in your project, and to reduce the risks, and to believe in your success in the long term, and to put your priorities your mind always.

I want to give you a logical principles of the work, and as I learned in the hard way, and so do not have to learn it in yourself, and I have learned that service consumers, service is more important than yourself, but II learned this lesson in a very difficult, and I have learned the hard way, it's easy to lose an agent of your company, from the client to retain or gain a new customer, and it is better to focus on their needs, rather than focusing on the cars and planes and boats.

I have learned that in the authorities granted to the team you have, you are given the ability to continue your business.

And I have learned that there are laws, can not be opposed, and these laws are applied to all successful businessmen, and that it is better for me to understand and deal with it, and I also learned, it is better to put Team support, even before I need them.

And I've learned that love and understanding relationships with family and friends, will give you a sense of satisfaction in, rather than give it to you leather seats in the luxury car, or cinematic image in TV 64 Inch, or luxury wheelhouse in a boat 78 feet in length, and that things can not only in price.

I have learned that faith, and whatever exceeded its forms in proportion to you, such as self-confidence, or belief, or motivation, or desire, or dream, or hope, is what you need if you expect to have a chance to challenge crises, and to survive the troubles and difficulties of time.

* Dream stage

At the age of fourteen my dreams turned to the radio, and so you and my friend (Jack), in establishing the first radio station illegally our own, small in our city in the state of Minnesota, and everything goes OK, so the federal government has learned, or rather in the office radio monitoring radio our station, and cut 130 mile distance of (St. Paul) to (Manten Lake), so that the station stop activity completely and to forever.

At the insistence I decided to study, so that the most successful in testing controls Broadcasting Corporation, and in order to get a work permit to engage radio and in legal form, and I have been what I wanted to act, and got a job as a music coordinator in a radio station, and I am sixteen years old.

And part of my job, is that I was responsible for writing ads to financiers or sponsors of the station, and this is what sparked a new dream, and at the age of eighteen, decided to study at the University (Minnesota), and to obtain a double diploma in advertising and radio production.

* The planning stage

The late friend (Jack Amndt), a people of unique, and I met all my life, and it was almost eighty years old, when I met him at a club (Rotary), has established (Jack) Clothing Co.For men, for nearly seventy years, and continued (Jack) in the development of his work, has become even has several clothing shops for men, and these stores have been successful to the end, until it aroused the interest of industrialists important, the likes of (Hart Hanver) and (Marx), so they offered him a large amount of money, in order to buy those stores, and said to me, (Jack) days, "that his career was built on an old principle and direct, and It may be taken from King Solomon and is, that every action must be built on the wise planning, until it becomes strong through common sense, and even profitable, and that this work is in fact linked to the ocean him. "

* The implementation phase

Will come a day when the dream stage and completed the planning stage, and it's time for the beginning of the work, and as a result the planning stage will be fired on a name of your company, and you in determining the type of products and services, which will be submitted to the company in your customers or your clients, and you may also be in the selection of your company's site, and managed to find the necessary capital, in order to finance your investment? .

And the next your steps will be complicated to the end, and the reason for this is that each project has its own specifications and requirements, and in the pre-start or the establishment stage, you have to prepare your facility, in order to start work, and include such steps, the redistribution of space in the office, and modernization of existing facilities, and re-interior design, and installation of telephones, fax and computer, and equipment and manufacturing equipment, and the purchase of tools and documents, and the purchase of raw materials, storage and materials, and then planning to shipping and delivery, and storage business, as well as methods of payment to vendors.

And you will need to assign qualified staff, and the training of these employees, so give your business the necessary payment to a successful start.

And any successful company operating in distinct management.

* The growth phase

In the growth phase, and in all the stages that will follow, will be the competition is a way of life, and in fact, the competition, either paralyze your movement, and either inspire you and an advocate.

And that the important thing to remember, is that you and your company here, I mean, you will not win 100% all the challenges you will face, and will not always be at the top of the list among the competitors all the time, it was my company competing with three or four other agencies propaganda, and on each piece of work in the market, and I think we were fortunate that we won 25% of the work in the size of the market at any time.

And like any businessman, you are competing with many views, you get the best employees, and against companies are often greater in size from you, and have the ability to pay higher salaries or more or incentives give greater opportunities to upgrade staff.

* Stability and development stage

When the conditions are going to work to the fullest, that is, when evolve and grow your business, how you feel recede in retreat back, and always want to move forward in order to achieve greater success, and then also increases your desire to maintain the success, and achieved so far.

And it can dispense sorting operations and inventory and the inventory, and could possibly delay the purchase of machine or equipment and devices to your facility, and can also dispense with the urgent need to recruit new employees, in order to fill the void somewhere, and Why, then, does not provide some of the funds by limiting the advertising and marketing budget? , But in fact, the case that stability, will not facilitate the process of profit and get a return, and It've now it's time to take some calculated risk, in order to embrace new ideas, about how traditional tasks, but in a new form, and in order to test new technology, and to establish the principle of Necessity is the mother in the invention into effect.

* Liquidation of the project phase

The day will come, which may be obtained proficiency, and will grow in age or feel the exhaustion and fatigue, and I have become tired of the severity and intensity of competition, and want to liquidate your project, and the time will be has come in order to sell your company, or to leave other than you people are taking control of things, or completely stop working, and you step toward that day, it will become necessary to prepare psychologically and emotionally, from in order to with stand the pain of that experience, and since you leave your working life and your business, and that was get transferred all the time, and without an alternative plan that can meet the needs mental, social and spiritual, all this can be something devastating to the end.

* Tomorrow will always come!

I hate to tell you of this, but the one that tells you what, there is a possibility that the new project or the current project will fail, and even in the fact that multiple research Indicate that 30% - 40% of the projects in the form of exposed to failure during the first year, and the figure rises to 60% - 80% at the end of the first five years, then up to between 85% - 90% at the end of the tenth year solutions.

I was surprised when I learned that, and in spite of deep faith in the reverse those statistics, and that restaurants seem in better shape than the rest of the projects, statistics indicate that 26% - 27% of the restaurants are exposed to failure in the first year, and the proportion rises to 50% - 60% in the third year, solutions, and the proportion is 70% at the end of the tenth year, the proportions look a little better, but this rates are still scary to a large extent.

And I think I need to point out to you that the numbers in the best shape, that determine the proportions of any small business failure depends on the meaning of the word (failure), and failure is used to describe any cases of closure or bankruptcy, and the one reason, and that is the owner of the project did not achieve profit from what he wanted, and the closure does not always mean that the project has failed, however, and in most of the previous statistics, can that there will be a case of a margin for error, then, why people risk in everything, even possess their own projects.

Business Administration in instinct

Steve Guthrie

#Administration