Entrepreneurship Archives

10 Steps to Better Understand Your Customers’ Needs

You know that there are two negative effects from unsatisfied customers’ needs: losing your own business potential energy from customers and marketing activities and losing potential energy stored into your cash.

So, understanding your customer’s needs is an important part of your day-to-day job as an entrepreneur.

These negative effects are fatal to every company, especially for startups lacking cash and business experience. One of the reasons why a small business fails is misunderstanding customers’ needs.

How can you better understand your customer’s needs?

Understanding the Customer’s Needs Will Increase Your Business Potential Energy

Your business wants to sell more and more products or services to customers. But, you cannot sell anything that you want to sell! You can sell something that your customers want to buy and spend money on it. Because of that, it is important to understand the...
Business Potential Energy Sales

Business Intelligence as a Process

There are too many articles and theories about business intelligence that look in business intelligence as an IT tool and only IT tool. But, it is not only that. Let’s see what means when you see business intelligence as a process. Because of that you...
General

How to Maintain High Performance at All Stages of Business Life Cycle

In previous posts about the business potential energy, I write that the methodology of business improvements must contain the business life cycles. It is important because we have different business elements with different business potential energy in...
Business Potential Energy

How You Can Improve Business Performances With Your Business Potential Energy

I have already talked about the concept of business potential energy. This concept is a proven technique that I use in my consulting practice when work with my clients to improve their business performances with exponential...
Business Potential Energy

Improve Your Business Performances With ABC Analysis or 80/20 Rule

Do you want to improve your business performance drastically? Probably the answer is yes. So, you will need to use ABC analysis or sometimes called as 80/20 rule. What is ABC analysis? ABC analysis is a methodology that can give you a quick and simple...
Business Potential Energy