Business Finance

Posts Tagged ‘Business Development’

Develop a business to the next grade is not easy affair. There are so many challenges to face in addition to funding. Business Experts as well as Lecturer at the Faculty of Economics, University of Indonesia Rhenald Kasali has some tips to develop the business in order to the next grade.

Rhenaldi says running a business is difficult. In addition to perseverance, creativity and innovation, entrepreneurs also need courage. Developing a business that means you make friends with uncertainty.

Therefore, he said, if entrepreneurs do not have the courage, it is difficult for the next grade. “So the correction of yourself?” he said. Not only that, further Rhenald, there should be optimism. Sense of optimism is important to encourage yourself.

“In Japan when people get cancer is stage 4, so he was not informed by a doctor, why is it part of the spirit,” he said. Generally, if people were told, then he will limp and die faster.

Tips are friends with this uncertainty are to learn every step to be run. Uncertainty on the efforts that are not known, it would be much better if not a priority. “Remember there is a risk, but more definitely a business, the smaller the risk faced and the less likely a profit,” he said. Conversely the risky business that the returns are even greater. For example in the stock business.

Rhenald also suggested that businesses pay attention to market developments. Market shift is important to look at consumer interest. Because interest in anything to do with demand. The higher the interest and joy, then the demand will be higher and will continue to increase production.

Business development is also highly dependent on the concept, not the program. For example, the word Rhenald, with the concept of by-by then people will not look at price. But when programmed with the sales everywhere, the concept of a souvenir will be lost. So when the product is everywhere, the price and interest will be reduced.

Last is intelligent in choosing. Rhenald say, life is always about choosing. The result was the response from entrepreneurs with an event. Intelligent decision taken would be to increase business or just drop it.