Most of the examples are found by myself
Maintaining a Checklist
Offer services or products related to your main Product.
Like offer Vet consultation with Pet Supplies.
Never take loan on stuff that will definitely degrade in value over time.
Never pay rent instead purchase on lease if you have stable source of income and you gonna stay there.
Set a goal (Quarter or Yearly)
Benchmark Your Services
Ways to Increase your Profit :-
Increase your prices. Despite low production cost apple keep very high prices even with no industry leading specs (hehe)
Increase the no of customers. This can be done in many ways will try to add some if I came across in future.
Digital Marketing.
Increase how often your customers make purchases. Amazon offers Subscribe & Save option which lets amazon ship those products at regular intervals automatically.
Increase the amount customers purchase. Companies not gonna offer Single one at discounted price but give 2 at price of 1. Flipkart Groceries pushes you to buy more and more with Freebies and discount.
Increase efficiency of Product and Service creation. Thats what Management is for.
Edit 1
Leadership:-
- Do not Give up.
- Team is what gonna bring success to the project/ company.
- Continuously teach and learn.
- Steer calmly in difficult phase or failure.
- Get manageable peeps and get rid off some others.
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