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eldavis
eldavisEnlightened Mentor
Asked: September 14, 2023In:

Every successful business owner and entrepreneur today tend to have business mentors or teachers they look up to and learn from, for me i yet to have one of such but i believe with time i would definitely find someone. ...Read more

Every successful business owner and entrepreneur today tend to have business mentors or teachers they look up to and learn from, for me i yet to have one of such but i believe with time i would definitely find someone. In your line of work, who is your business mentor?

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  1. De Mogul
    De Mogul Expert Mind A student

    I actually don't have a lot of mentors when it comes you my line of study and this is because most people who I know actually are people who I read in the book. In the take word I actually see people like Steve Jobs and Elon Musk to be my mentor because they started in a very little way but somehowRead more

    I actually don’t have a lot of mentors when it comes you my line of study and this is because most people who I know actually are people who I read in the book.
    In the take word I actually see people like Steve Jobs and Elon Musk to be my mentor because they started in a very little way but somehow believed in themselves and that give them the strength to keep pushing and as a result of that and they became the gurus in their field.

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eldavis
eldavisEnlightened Mentor
Asked: September 7, 2023In:

A barbing salon is a very popular and common business not just in my country but in almost every part of the world, what I don’t understand is how they pay their workers. Most barbing salons have up to three ...Read more

A barbing salon is a very popular and common business not just in my country but in almost every part of the world, what I don’t understand is how they pay their workers. Most barbing salons have up to three or five and even more barbers working. There are days where there are no jobs at all so how are the workers paid? Are they paid per the number of hair they cut or are they paid a specific amount monthly?

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  1. yusra
    yusra Trusted Adviser

    Here are some common pay structures for barbershop employees: Commission - Many barbershops pay employees a percentage commission on the services they provide. A typical commission rate is 50-60% of each haircut or other service. Barbers keep that percentage of what they earn. Booth rental - Some shRead more

    Here are some common pay structures for barbershop employees:

    • Commission – Many barbershops pay employees a percentage commission on the services they provide. A typical commission rate is 50-60% of each haircut or other service. Barbers keep that percentage of what they earn.
    • Booth rental – Some shops rent out space (“chairs” or “booths”) to barbers to operate as independent contractors. Barbers pay a fixed weekly/monthly rent for their space but keep all their earnings.
    • Hourly wage + tips – Some barbershops pay a base hourly wage similar to other service roles, with barbers keeping any tips. Wages vary but $10-15 per hour is typical.
    • Hourly + commission – Shops may pay a lower hourly wage plus a smaller commission percentage, guaranteeing barbers a base rate while providing commission incentives.
    • Salary – Experienced senior barbers may negotiate a set salary not dependent on productivity. Owners may pay themselves a salary separate from shop profits.
    • Hourly or salary + profit sharing – To encourage team thinking, shops may offer bonuses based on reaching overall profit goals.

    Many shops use hybrid models, with newer barbers on hourly or commission and experienced ones on salary or booth rental. Profit sharing encourages mentoring. Owners must ensure pay structure complies with labor laws. Tip pooling policies also vary by shop.

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eldavis
eldavisEnlightened Mentor
Asked: September 9, 2023In:

One common problem most business owners have and young entrepreneur is on how to balance their personal life from their work life. Most people tend to get too carried away with work that they fail to build up a personal ...Read more

One common problem most business owners have and young entrepreneur is on how to balance their personal life from their work life. Most people tend to get too carried away with work that they fail to build up a personal and social life as well. How do you balance your personal and social life?

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businessentrepreneurmoney
  1. Ceejay76
    Ceejay76 Newcomer

    It's very common to find some type of people that, it's very difficult to have time for themselves, they worked 24/7. And for that kind of a person, it's hard to balance his work and personal life. If you're considering how you can balance your work and personal life, you should seek for help. DelegRead more

    It’s very common to find some type of people that, it’s very difficult to have time for themselves, they worked 24/7. And for that kind of a person, it’s hard to balance his work and personal life. If you’re considering how you can balance your work and personal life, you should seek for help. Delegate tasks at work and enlist the help of family members or friends for personal responsibilities. Consider taking regular breaks from screens and technology to recharge and be present in the moment. Make time for self-care activities like exercise, meditation, or hobbies that bring you joy. With time you will be able to balance your work and your personal life effectively.

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eldavis
eldavisEnlightened Mentor
Asked: September 20, 2023In:

Do you usually hang out with your team members or fellow colleagues after working hours and what’s the advantage of doing this?

Do you usually hang out with your team members or fellow colleagues after working hours and what’s the advantage of doing this?

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businessentrepreneurmoney
  1. spencer
    spencer Enlightened Mentor

    Hanging out with your team outside business hours, provides a unique opportunity to bond with your employees and also get to know them beyond the four walls of your office, there are different ways you can organize a hangout. It could be after achieving a business milestone, a birthday celebration oRead more

    Hanging out with your team outside business hours, provides a unique opportunity to bond with your employees and also get to know them beyond the four walls of your office, there are different ways you can organize a hangout.

    It could be after achieving a business milestone, a birthday celebration or a wedding ceremony, it will also build a good team spirit within your organization.

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eldavis
eldavisEnlightened Mentor
Asked: September 9, 2023In:

There are lots of lucrative business out there and at the same time we all have various values and beliefs due to our upbringing or religion. Would you ever consider a business that is lucrative even when it goes a ...Read more

There are lots of lucrative business out there and at the same time we all have various values and beliefs due to our upbringing or religion. Would you ever consider a business that is lucrative even when it goes a against your beliefs?

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businessentrepreneurmoney
  1. Augusta
    Augusta Enlightened Mentor

    No, I would not as it would make me very uncomfortable. I don't want thing that would also prick my conscience. I'm wired that way. I might make all the money with such a business but it would not give me peace of mind So there will be no need to engage in such business that you still later regret wRead more

    No, I would not as it would make me very uncomfortable. I don’t want thing that would also prick my conscience. I’m wired that way.

    I might make all the money with such a business but it would not give me peace of mind

    So there will be no need to engage in such business that you still later regret why you started it in the first place  The best bet is not to start what you can’t finished

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eldavis
eldavisEnlightened Mentor
Asked: September 5, 2023In:

I am pretty sure the goal of every business owner is to attract high paying customers. As a graphic designer, what are the ways i can use in attracting these high paying customers?

I am pretty sure the goal of every business owner is to attract high paying customers. As a graphic designer, what are the ways i can use in attracting these high paying customers?

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businesscustomersentrepreneur
  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur

    As a graphic designer, there are several ways you can attract high-paying customers:   1. Showcase a Professional Portfolio: Build an impressive portfolio that highlights your best and most relevant work. Make sure your portfolio reflects your expertise and demonstrates your ability to create hRead more

    As a graphic designer, there are several ways you can attract high-paying customers:

     

    1. Showcase a Professional Portfolio: Build an impressive portfolio that highlights your best and most relevant work. Make sure your portfolio reflects your expertise and demonstrates your ability to create high-quality designs.

     

    2. Target Niche Markets: Identify and target industries or sectors that are known for high-paying clients. Specializing in a specific niche can help you position yourself as an expert in that area, making it more likely for high-paying clients to seek your services.

     

    3. Offer Specialized Services: Go beyond basic graphic design services and offer specialized skills or services that are in high demand among high-paying clients. This could include UI/UX design, branding, packaging design, or other niche graphic design services.

     

    4. Network and Collaborate: Attend industry events, join professional organizations, and participate in online communities relevant to your target market. Networking with potential clients, industry experts, and other professionals can help you build relationships and gain exposure to high-paying clients.

     

    5. Develop Referral and Partnerships: Build partnerships with complementary businesses, such as marketing agencies, web developers, or advertising firms. They may have high-paying clients who require graphic design services and can refer them to you.

     

    6. Offer Premium Pricing and Packages: Position yourself as a premium designer by setting higher rates. Clearly communicate the additional value or benefits that come with your services to justify the premium pricing.

     

    7. Invest in Marketing: Develop a strong digital presence through a professional website and social media profiles. Utilize content marketing by sharing valuable design knowledge, tips, and insights through blog posts or videos. This can establish you as an authority and attract high-paying clients who are looking for skilled graphic designers.

     

    8. Provide Exceptional Customer Service: High-paying clients often value excellent customer service and a seamless experience. Ensure clear communication, quick response times, and a high level of professionalism to differentiate yourself from competitors.

     

    Remember, attracting high-paying clients involves building a solid reputation, delivering exceptional quality, and consistently showcasing your value proposition. It may take time and effort, but by implementing these strategies, you can increase your chances of attracting high-paying customers in the long run.

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eldavis
eldavisEnlightened Mentor
Asked: September 23, 2023In:

In a business setup, complains are definitely bound to happen in one way or the other. How do you normally deal with customer complains?

In a business setup, complains are definitely bound to happen in one way or the other. How do you normally deal with customer complains?

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businessentrepreneurmoney
  1. Augusta
    Augusta Enlightened Mentor

    No customers want to be ignored so the best bet is to listen to the complain and then try to fix what is the problem. Let the customer know that the business don't take customers complaints at all for granted. Let the staff know that they shouldn't treat any customer with levity. Everybody should beRead more

    No customers want to be ignored so the best bet is to listen to the complain and then try to fix what is the problem. Let the customer know that the business don’t take customers complaints at all for granted. Let the staff know that they shouldn’t treat any customer with levity. Everybody should be okay in the company.

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eldavis
eldavisEnlightened Mentor
Asked: September 9, 2023In:

Some years back i came across a coach who said while advertising your products, the price of the products should not be added, as this would allow only does serious enough to want to purchase the products to actually go ...Read more

Some years back i came across a coach who said while advertising your products, the price of the products should not be added, as this would allow only does serious enough to want to purchase the products to actually go through the stress of contacting you. Recently i came across someone else who said it is advisable to add the price when advertising as this would eliminate unnecessary bargaining and pricing from the customer’s end. What’s your take on this? Should i include the price when advertising or not?

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eldavis
eldavisEnlightened Mentor
Asked: September 25, 2023In:

For does who are into the business of selling of products, having a good supplier plays a very important role. How do you find the right supplier for your business?

For does who are into the business of selling of products, having a good supplier plays a very important role. How do you find the right supplier for your business?

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businessentrepreneurmoney
  1. yusra
    yusra Trusted Adviser

    Finding the right supplier is crucial for the success of my business. I start by thoroughly researching potential suppliers, reviewing their track record, product quality, pricing, and customer service. I also seek referrals from industry peers and check online reviews. Once I've identified promisinRead more

    Finding the right supplier is crucial for the success of my business. I start by thoroughly researching potential suppliers, reviewing their track record, product quality, pricing, and customer service. I also seek referrals from industry peers and check online reviews. Once I’ve identified promising options, I conduct in-depth interviews to assess their reliability, flexibility, and alignment with my business needs.

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eldavis
eldavisEnlightened Mentor
Asked: September 18, 2023In:

what are the security measures needed to secure your business financially, are there specific rules to follow or what would you advise a young entrepreneur.

what are the security measures needed to secure your business financially, are there specific rules to follow or what would you advise a young entrepreneur.

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businessentrepreneurmoney
  1. tray599
    tray599 Knowledge Seeker blogger, content writer

    Security measures needed to secure your business financially is one of the most important thing, But let me tell you there is something which you need to know the first security measures is 1.employ someone who has fear and trust this way your business finance is very safe. 2.you need to know much aRead more

    Security measures needed to secure your business financially is one of the most important thing,

    But let me tell you there is something which you need to know the first security measures is 1.employ someone who has fear and trust this way your business finance is very safe.

    2.you need to know much about your daily income and expenses.

    3.install cttv cameras if you are operating large scale business this can really be of great help to you in terms of spicing people activity and how your business is been run.

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