Making a decision based on gut feel alone is not only lazy but also likely to be a dud. However, recent books like the best seller “Blink” give the impression that you just have to rely on your instincts. For most business decisions, this approach will get you fired or drive your company into bankruptcy.
You’re excited about finally turning your awesome business idea into reality, but you aren’t sure if this will become successful. Have you carefully assessed all the important considerations before you set up your business? A lot of business startups in the Philippines fail because their owners weren’t able to consider the most important aspects of
Forecasting sales is vital to all business. Far from being just guesswork, it is a scientific technique that predicts future sales by analyzing past and current sales trends and the variables that affect it. However, since forecasts are often wrong, many people tend to downgrade its worth. This betrays a gross ignorance of the role
Everyone agrees that location is one of the most significant factors in the success of a retail business. However, among small entrepreneurs, it is rare that a scientific effort is employed when looking for a business location. Most decide on gut feel; others on superficial examination. Finding the ideal location for a retail store must
How to Choose a Business Many will be disappointed but I must agree with a text message sent to me recently that passion is not enough: “Mr Anlacan hi cn u tell how do we choose a biz cos i know liking sumthn is nt enough 4 a bizns thnx rosalie buenaventura 24 pasig” Doing