Business being a commercial enterprise or establishment is characterized by:
*An Entrepreneur: A person who organizes and operates a business venture and assumes much of the associated risk.
*The Business enterprise: These has to do with the scale of the business, large , medium or small.
*Continuous dealings: The services rendered or transactions carried out from the business, which includes the buying and selling in the business
*Risk: This can not be isolated from a business. There is no certainty that business will always profit.
*Profits : Total income or cash flow minus expenditures.
What I will love to share today is how to grow and maximize your profits. Any one can make profit , only few grow and maximize profits.
TIPS ON MAXIMIZING YOUR PROFIT
°Begin to make money consistently by working hard. Guard yourself against get-rich-quick investment and schemes.
°Always work with experts who knows more than you do in business and investments, and legal field.
°Never take what you have for granted. Be faithful with the little.
°Don't be interested only in results. Be meticulous in the process of running your affairs. Do not just focus on accumulation, but also take the time to monitor wealth.
°Watch out for economic changes, and learn how to adjust to them.
°Make sure you have multiple streams of income. Spread risk, never put all your eggs in one basket.
°Dont let greed and emotional blindness make your decision for you.
°Never change your core values
°Always stay informed
°Live a life of giving , being generous with God and others.
The basic truth is for a business to continue thriving you have to gear towards SERVING OTHERS , once the motive is right rewards flows in naturally. With the tips mentioned above, if carefully practiced I bet you , you will see visible results in your business.