Mauro Libi: Five keys to reach business success

     To achieve business success, it is essential to clearly define the objectives, the goals to be achieved, and the strategy to fulfill this task. Let's start by pointing out that there are five main elements that allow you to turn your business into a great organization that you have to apply to be able to obtain the business success. It is not enough to formulate imprecise goals like wanting to be profitable or to make big profits. No, it is necessary to formulate specifics: such as achieving a profit quantity during that year or achieving such a margin of profitability through such a strategy.

     Therefore, the entrepreneur who intends to be successful requires the following aspects:

1. Ideal client: You need to be clear about the niche market and the customer you want to serve. Create a representation of your client that contemplates their age, sex, profession, trade, direction, aspirations, economic level, needs, and expectations. Define that perfect client to which your organization aspires.

2. Potential profit: For this, it is necessary to establish your contribution margin is sufficiently attractive to cover the fixed costs and expenses, as well as the payment of the debts and the gain to which it is aspired. Your business has to be profitable.

3. A good team: Those who work with you have to form a competent, diligent and committed group with the goals and objectives of the organization. They have to be fully identified with the brand. So, hire the best talent you can afford, regardless of the size of your business. When evaluating and measuring the performance of your staff you should do so in terms of results and not hours worked.

4. Understand and control your company: To do this, take advantage of the control tools available that allow you to accurately establish the financial situation of your company, as well as its results, production and margins of profitability. Ensure that the organization's financial statements are ready by the tenth day of each month. Also check the suitability of these. You should also use tools that measure the results of every area of the company, as well as your environment, competition and trends.

5. Define where you want to be: In a period of 5 or 10 years, set sales goals, as well as earnings and accumulated wealth, expressed in assets, investments, lifestyle, and so on. Don’t miss any detail, set short-term goals because you must know how much you aspire to earn in a month, in six months and in a year.

Visita:

http://maurolibiempresario.blogspot.com/

http://maurolibithinkingforbusinesses.blogspot.com/

http://maurolibivenezuela2015.blogspot.com/

http://maurolibicaracas.blogspot.com/

http://maurolibivenezuela.blogspot.com/

http://maurolibicrestaniempresariodeexito.blogspot.com/

http://maurolibicrestani15.blogspot.com/

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