For the past few weeks, we have been considering some salient factors that we called business basic requirements which form the foundational basis for profitability in any business. Every prospective business tends to make an impact in the business world if these requirements are satisfied. Here we go.
5. A GOOD AWARENESS. In this 21st Century, information is the order of the day. Infact, that is the basis for Technological Revolution. 90 per cent of people want information. So giving your clients or prospective buyers the needed information tends to pull a traffic of buyers and patronizers at your disposal. IF the need be, strengthen the force of your business awareness.
6. OTHERS OPINION. For the sake of improvement and business quality, you can demand or seek for the opinions of other people as regard to your business. Place importance on what other people would say when it comes to your business products and services. It is not necessary that you execute every opinion but that you evaluate and see if any suggested opinion fits the improvement and quality of your business. The choice is yours but the opinions are thiers. Let them give their thoughts about your business and its products but you make the choice.
7. PROPER INCENTIVES. As your business grows, the need arises for the employment of other people services. As a form of increasing the profitability basis of your business, you have to introduce a proper incentive packages for the employed. Doing this creates their zeal towards productivity thereby creating an avenue for their exploids in your business.
