Dos and don’ts for business success

5 business Dos and don’ts

Dos and don’ts for business success

Business success, while fairly simple to define, is notoriously difficult to achieve. A little over 50% of start-up companies fail within the first four years due to a range of reasons, from poor planning to cash flow issues. So how can success be achieved? What are the pitfalls that need to be avoided? Here, we offer some tips on how to survive the first few years and become one of the success stories.

  1. DO measure your progress

Benchmarking is key if you’re to measure your success. The first step is to define what constitutes success – is it product sales? Increased turnover? Uptake of free trials? Once the metrics are confirmed, make a report of where your business is at now and compare the results on a monthly basis. This will also help you to spot trends over the course of a year and identify what is and isn’t working for you.

  1. DO take a step back

Many small business owners can testify to the fact that a lot of time is spent on the day-to-day tasks. It can sometimes be difficult to find time to step back and review your activities, goals and overall strategy. But this is an essential part of remaining successful. Once a month or once a quarter, book in time to look at not only at your metrics but also at the state of the market and how you can improve your offering.

  1. DON’T rest on your laurels

Markets are …

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Should You Handle PR In-House?

Food PR in-house

Handling your PR in-house may seem an attractive solution; no third-party expert fees to pay. You can post online or secure a newspaper article without any specialist guidance. What additional attributes can a professional PR agency offer to steer consumers to your product? Who knows your product better than you and your team?

It can’t be difficult to get your brand and products noticed.

It can, and sustainable success is only assured with a food PR company.

  • Do you know precisely who and where your target audience is?
  • What makes your brand and product the must-have option?
  • After first contact, how can you retain interest?

In-house PR endeavours regularly focus on the incorrect markets or media which wastes time and resources; the possibilities can be reduced thanks to a knowledge gap, a lack of contacts or time to focus on a new approach. Call in a food PR company like Ceres PR.

It is essential that the consumer knows about the brand to engage in a lasting relationship with it.

  • Can they trust that products are sourced ethically?
  • Are workers treated well?
  • Is the brand community minded?
  • Does the brand focus on quality?
  • How does it achieve its promises?
  • What makes your product and brand a more attractive proposal than Brands A, B and C?
  • How can your brand enhance the consumer’s life or experience?

Stay one step ahead

Your in-house PR team may be the most attentive in the land, but they still won’t be able …

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A Business Appraisal Today Facilitates Long-Term Benefit To Any Enterprise

Any business that desires development, profitability, and escalating value over the long-term is in for some great news. You will find easy but strong measures that can be taken today to achieve such company targets. This critical step is obtaining a professionally ready business appraisal (B.A.). A business appraisal establishes the fair market worth of the business, which puts the business owner in a potent strategic and decision-making position.

Acquiring a (B.A.). on your organization encompasses greater than recognizing the worth for the sale of the corporation. An appraisal from the business is vital to proactively plan for retirement, exit approaches, and financing of an organization. Also, the detailed monetary and analytical info outlined in such organization appraisals give the company owner valuable insight into the strengths and weaknesses on the business. This important knowledge enables the owner to far more effectively assess what adjustments need to be produced for the short-term and long-term in the organization at hand.

A professional firm who specializes inside the preparation of (B.A.) will assess the financial documentation of your business. The (B.A.) will evaluate and document assets, liabilities and intangibles. Intangibles include items which include copyrights, trademarks, fantastic will and patents.

The final (B.A.) will supply a comprehensive and objective analysis in the company, whilst also providing vital info for the business owner to formulate new enterprise initiatives and make decisions with regards to the future on the organization. With such facts, new short-term and long-term techniques could be implemented to facilitate sustainable …

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Poor Business

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Negative Business

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