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eldavis
eldavisEnlightened Mentor
Asked: September 14, 2023In:

I have met some business owners and entrepreneurs who have said their customer business is only for a specific period of time, after that they plan on going into something else. I know of someone who owned a ...Read more

I have met some business owners and entrepreneurs who have said their customer business is only for a specific period of time, after that they plan on going into something else. I know of someone who owned a barbing salon fot years only to later change it to a gaming center later on. Do you plan on running your current business for long?

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  1. Mike Smith
    Mike Smith Knowledge Seeker

    Continuity should absolutely be one of the objective of a business owner or manager when he or she establishes a business idea. There is absolutely no individual who intends establishing a business today and wishes to close the business possibly within a week but rather he or she expect the businessRead more

    Continuity should absolutely be one of the objective of a business owner or manager when he or she establishes a business idea. There is absolutely no individual who intends establishing a business today and wishes to close the business possibly within a week but rather he or she expect the business to keep on bringing in imports and profits for years. If I were to establish a business this basically would be one of my most important objective. However this will require a whole lot of work on my part and I am fully aware of this.

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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In:

Since the moment you started you business has there been any change? Though my business is not up to the level i want it to be, but there have been a lot of changes since i started. Have there been ...Read more

Since the moment you started you business has there been any change? Though my business is not up to the level i want it to be, but there have been a lot of changes since i started. Have there been any change in your business?

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  1. Ovy
    Ovy Active Contributor Overcomer

    Of course! But you know business changes based on how you manage it, although there is no way you will run a business and it will not change either positively or negatively but as an entrepreneur you should make sure you manage the affairs of your business properly so as to ensure positive change anRead more

    Of course!
    But you know business changes based on how you manage it, although there is no way you will run a business and it will not change either positively or negatively but as an entrepreneur you should make sure you manage the affairs of your business properly so as to ensure positive change and growth. YIu can only do this by applying some skills to the business to attract more clients, also avoiding some business mistakes in other to avoid fall.
    By doing this, your business will change positively and you will be more encouraged to invest more on that business.

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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In:

I have tired some freelancing sites before in the past and it was not really easy. I have not been able to make any sales on them and to be honest i have not really been active and consistent on ...Read more

I have tired some freelancing sites before in the past and it was not really easy. I have not been able to make any sales on them and to be honest i have not really been active and consistent on these sites.  Are there really any freelancing site that is easy to work on as a beginner?

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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In:

Running a business is never easy, a business owner needs to put in their very best into the business for it to succeed. What quality should a business owner have in other to succeed?

Running a business is never easy, a business owner needs to put in their very best into the business for it to succeed. What quality should a business owner have in other to succeed?

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eldavis
eldavisEnlightened Mentor
Asked: September 12, 2023In:

I noticed something recently, most of entrepreneurs , vendors and business owners in my list tend to post transaction records when advertising. For example when a customer pays them they post the amount paid on their status, though most of ...Read more

I noticed something recently, most of entrepreneurs , vendors and business owners in my list tend to post transaction records when advertising. For example when a customer pays them they post the amount paid on their status, though most of the sensitive information like account balance and the name of the sender is covered, but why do they post this? Does posting transactions help in bringing in more customers? Or is this a way to let others know they are legit and deals are going on? In general is this even a good idea to post it in the first place?

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  1. Ovy
    Best Answer
    Ovy Active Contributor Overcomer

    Although different people have their choice and reason for doing a particular thing, I'd say one of the reasons why most entrepreneur post bank transactions isbto grow their business. As a business grows, keeping track of bank transactions makes it essential to manage increasing financial complexityRead more

    Although different people have their choice and reason for doing a particular thing, I’d say one of the reasons why most entrepreneur post bank transactions isbto grow their business. As a business grows, keeping track of bank transactions makes it essential to manage increasing financial complexity. And also to promote or foster trust on other people viewing the transactions. Once someone sees the bank transactions being posted and the deals, it’ll encourage the person to also want to patronize the business.

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eldavis
eldavisEnlightened Mentor
Asked: September 12, 2023In:

As a business owner how do you measure the success of your business? Is it measured through the amount of customers you have or the numbers of sales you make?

As a business owner how do you measure the success of your business? Is it measured through the amount of customers you have or the numbers of sales you make?

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.

    The success of your business is all depends on your performance. What I mean is, you will put more effort and work towards the success of your business. Improve your business audience and train your employees to be active and to approach customers in a good manner. Consider your environmental and soRead more

    The success of your business is all depends on your performance.

    What I mean is, you will put more effort and work towards the success of your business.

    Improve your business audience and train your employees to be active and to approach customers in a good manner.

    Consider your environmental and social impact. Reducing your carbon footprint or contributing positively to your community can be a measure of success.

    You have to have it mine that a successful expansion into new markets or regions can be a sign of growth and success of a business.

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In:

When it comes to running and starting up a business, there are various aspects most business owners and young entrepreneur would find difficult such as capital for startup and the likes. What is the most difficult part of starting a ...Read more

When it comes to running and starting up a business, there are various aspects most business owners and young entrepreneur would find difficult such as capital for startup and the likes. What is the most difficult part of starting a business?

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.

    You have mentioned it already. It's a starting capital that hold some people hands from starting a business. Even in online business, because from what I discovered, the more capital you invest on a particular business, the more you will earn big income. In some cases, people at times fine it hard tRead more

    You have mentioned it already.

    It’s a starting capital that hold some people hands from starting a business.

    Even in online business, because from what I discovered, the more capital you invest on a particular business, the more you will earn big income.

    In some cases, people at times fine it hard to run a business due to their location, because location is very matter in business. There’s a kind of a location which may not boom your business but instead taking you backward.

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In:

When it comes to running a business, each and every business owner have different prices. Some might be cheaper while some might be a lot more expensive. Is there a thing like over charging your customers for your services?

When it comes to running a business, each and every business owner have different prices. Some might be cheaper while some might be a lot more expensive. Is there a thing like over charging your customers for your services?

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  1. Ramolak19
    Ramolak19 Knowledge Seeker

    See when you purposefully or unintentionally charge your consumers more than the agreed upon or reasonable price for a good or service, this is known as overcharging. It may harm your reputation, result in disgruntled clients, and even have legal repercussions. Transparency, honest pricing, and fastRead more

    See when you purposefully or unintentionally charge your consumers more than the agreed upon or reasonable price for a good or service, this is known as overcharging. It may harm your reputation, result in disgruntled clients, and even have legal repercussions. Transparency, honest pricing, and fast correction of any billing issues are all components of ethical business practices that help you keep the confidence and credibility of your customers.

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In:

As a business owner, what should be your core values for your business if you want the business to succeed and how should a business owner decide on picking a core value?

As a business owner, what should be your core values for your business if you want the business to succeed and how should a business owner decide on picking a core value?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur

    The core values of a business are fundamental principles that guide its actions and decision-making processes. These values express the organization's beliefs, ethics, and ideals. To ensure business success, core values should prioritize integrity, innovation, customer satisfaction, and employee empRead more

    The core values of a business are fundamental principles that guide its actions and decision-making processes. These values express the organization’s beliefs, ethics, and ideals. To ensure business success, core values should prioritize integrity, innovation, customer satisfaction, and employee empowerment. A business owner should reflect upon their personal beliefs and vision for the company, understand the needs and expectations of their target market, and align core values that resonate with both their own values and the aspirations of their customers and employees.

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