Business Fundamentals

This section is mainly dedicated to small businesses and startups. May these small business ideas bring light to your aspirations in pursuing the digital marketing landscape as a means to your goal.
Are these small business ideas for me?

This might be for you if you are running a small business or startup.
If you believe digital marketing can help you, this might be for you.
If you are on a tight budget yet willing to learn to do it yourself, this is precisely for you.

One more thing, there is a learning curve to this. It all depends upon your background and eagerness. So don’t think this is going to be magic. But it’s going to be worthwhile.

However — because this section is built for small businesses or startups with limited resources: time, workforce, and budget — I would like to make each lesson as short as possible.

It might also be best to check out our Free DIY Internet Marketing Tutorial.

As a small-business owner, here are 3 points that are most important to me.

Planning and Implementation

I assume everyone who wants to start a business has a plan. We all know the importance of planning. However, we also know that not all plans may succeed.

Because of this, we want to focus on a business plan that has practical considerations and is primarily focused on implementing and managing the direction of the business. This is also known as strategic planning.

Strategic planning is action-oriented with a clear objective of the desired outcome. For what is planning then, without any implementation?

You may have heard the phrase: plan your work and work your plan. In brief, this is exactly what we mean by strategic planning.

Here is a link that may be worth your time: Business Fundamentals Mastery

Financial Planning and Budget

Though financial planning and budgeting would have been part of strategic planning — I’ve had it here as a separate subheading to stress its importance. This is the lifeblood of the business. And with that, I could not say more about its importance.

When the finances are not in order, the quality of the service is affected. Creativity and enthusiasm can be hindered when the finances are not in order. When finances are not in order, pessimism works at its best.

Weekly Regular Meetings

Weekly regular meetings might sound painstaking. Yet this is what keeps our team on our toes.

I see regular weekly meetings as opportunities:

• to set or achieve goals,
• to evaluate the team’s performance,
• to assess an individual’s well-being and performance,
• to provide feedback,
• to learn innovative ideas and practical solutions, and lastly
• to foster camaraderie.

Characteristics of a Winning Plan

• Start small
• Start simple
• Move fast
• Be Frugal
• Stay nimble

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Your Business Is as Good as You Make Money

Every business is someone else’s baby. But as an entrepreneur, your business is only as good as it could invoice and collect. Everything else outside of that means your business is just an expensive hobby.

This is one of the best business advice I’ve heard.

It doesn’t matter how great you think your business idea is. If the customer is not willing to pay for it, it’s just a fascinating idea.

Source: https://youtu.be/GMa4BCAkd7M

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Avoid Losing Your Gains by Knowing How to Use the Fear of Loss

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Business Quote

Business Strategy

When the thing you sell has communication built in, when it is remarkable and worth talking about, when it changes the game – marketing seems a lot easier.

Seth Godin
Founder of Akimbo, home of the altMBA

The quote is taken from https://seths.blog/2012/07/the-circles-of-marketing/.

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