Setting up a business is a very dangerous business. When you do get the capital, you think you got everything you need. But unless you know the nitty-gritty, you can’t make it big in the business. Managing your own business can be extremely taxing because it requires sacrifice and all your attention. How do you keep business good?
Build a good relationship with your customers. Take advantage of every business you do with your customers. After one successful transaction, you have to make sure that your customer will keep coming back for your product / service. Every person becomes a contact which can help you achieve your goal to expand your business. Take advantage of the cliché, “It’s not what you know, it’s who you know.”
Learn from the newsletters and seminars. In the course of your stint as a businessman, you will receive newsletters and invitations of seminars which can help you become better in business. Keep yourself updated with the newest 411 in the industry. Through these seminars and newsletters, you get to discover new resources, new contacts and new market.
Be professional. Make it a point to be strictly professional with your clients. Even though it is wonderful to be attached to the people who help keep your business running, it is more advisable to know and maintain the difference between your profession and your private life.