What Business will remain Stable?

Discussion in 'Growing and Managing a Business' started by cosmichq, Jul 14, 2015.

  1. cosmichq

    cosmichq
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    Hi friends iam sripal i started my business at 2013 Web design platform i have contributed more money and i also get earnings but i could not focus for saving since iam doing rotation of money for my business. So kindly share me how to start saving my money and do my business successfully...
     
  2. Redd

    Redd
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    My two cents:

    Create two accounts on an outsourcing site. You'll use one account to apply for jobs and other to hire people who'll do the work.

    Now apply for web design jobs and once you get hired, post the same job on the same site [worded differently] or you could post it on another outsourcing site. Pay freelancers slightly less money. It's profits you seek after all. If your clients like the work done, they'll offer you more work in future.

    Rinse and repeat.
     
  3. MahaKarthi

    MahaKarthi
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    A business that shows a stable growth and a systematic planning in the process management system will go a long way in the business. The growth should be measured and the help of business consultants is highly a positive sign. Piterion is one such leading business consultant based in Germany.
     
  4. Ethan2

    Ethan2
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    In that technical world, everything change so quickly. I think there won't be any business can remain stable. With new technology, everything will be changed.
     
  5. judithsellnetoow

    judithsellnetoow
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    hi you have to plan the finance. additional business wil help to expand business consultant. some peoples will interested to start the business but they dont know where to start how to execute, how to get business loan, what are the acceptable reasons in business loan. these you give suggestions and proper guidance.

    those who are coming to you convert them to your web design business.
     
  6. MahaKarthi

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    When a business gets the help or outsources a lot of PLM services to help in smooth functioning of the processes, then the chances of sustaining high in the business market is higher. Piterion is a reputed consultancy known worldwide and gives value-added success to help companies leverage their sales and profits.
     
  7. MyDigitalpoint

    MyDigitalpoint
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    Reviewing your business plan quarterly can also contribute to make adjustment to whatever project might not be working as planned or is falling behind the expected goals projected in the short term.

    Many business owners set long-term plans and only review their original business project when goals have not been attained withing the specific time frame, which is a huge error because of money lose involved in between.
     
  8. m0n2k

    m0n2k
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    I think you have to live within your means. You should keep your business expenses reasonable. Most of all save at least 20 percent of your profits and let it build up in a bank account. As long as what you need to keep your business running doesn't cost more than what your making, you will yield a profit. When your making a profit and not just breaking even, you'll have money to save.
     
  9. Damien Lee

    Damien Lee
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    Well, you've been in business for only 2 years so it doesn't surprise me that you couldn't save money at this point in time. However, you're entering the 3rd year of your business and you should start to save a little money. You will either need to lower some of your expenses and/or get some extra work in that you can handle. Look out for any inefficiencies within your business that could be costing your money. Perhaps you're taking too long on some projects because you've got dated computers or software, those will need to be upgraded and your profitability should rise accordingly.
     
  10. Nox

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    As tough as i may be to save right now, saving is so important for the future growth of your business. These are the reserves you will use for further expansion of your business, your own personal savings are typically your cheapest form of funding.

    Perhaps look at ways of lowering your costs, ask yourself whether or not some services be outsourced for cheaper. This is so that not all of the money has to be rotated into the day to day running of the business. You could also find another "business" or money making opportunity , that will bring in some extra cash on the side. You could then use this money as your "savings" and one day this money can be used to further the expansion of your business.
     
  11. david14beck

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    Business carry a lot of risks, profits and loss. if you want to stable your business, only solution is EXPERIENCE in related field. why every company wants experienced employees? that's the reason they know how to manage business in the way of profits. in the other hand for saving money, i think you should consider insurance for your business and a team of experienced and professionals.
     
  12. aspecialist

    aspecialist
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    Hi Cosmichq,

    You have a good question, and finding the right answer sometimes hard to achieve. All I can suggest is that separate your personal earnings from your business and allot a monthly savings, for example 10% or 20% of your profit. However, you cannot save anything if your profit is too small, so must consider learning how to increase your profit first in that way Mind Strategics Learning Consultancy can help you.

    http://www.yourmindstrategy.com/LIVE/events/120-days-to-business-profits-coaching/
     
  13. Asher ross

    Asher ross
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    To be honest, it is rare for the businesses in today’s competitive environment to remain stable. But still one can try the following:

    Do not intermingle personal and company finances.

    Keep your business strategies updated with the current market.

    When you need to spend you have to spend to sustain your business.

    Do not be worried about the magnitude of results your business will achieve.

    If required, you can take help of professionals.
     
  14. Sushant_09

    Sushant_09
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    Stable..?? What are you talking about ?
    There is no business that has remained on the same grounds from where it started. Actually business thing works by identifying the opportunity which is available at a point of time, and acting accordingly to make the most of that opportunity. Well !! the only business that remains stable is the one which is more flexible and can mold itself according to the situation that prevails. So grabbing these opportunities and evolving all the time is the key. Businesses who are not able to analyze the situation are, generally, the ones that suffer the most.
     

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