uncommon common sense x96 know what is the most important thing in your business

Last week I had 3 meetings with 3 business owners and what really shocked me was how unusual common sense was.
Of the 3 people I spoke to, 2 did not know what was most important in their business.
They keep trying other things that don\'t matter.
As we know, every business has one of the most important things in its particular industry.
You need to do a good job on your most important things and other things will be solved by yourself.
For manufacturing: the most important thing is your quality consistency and how low your unit cost is.
It doesn\'t matter if you have proprietary technology, but if you can\'t produce the item in a consistent way, no one will buy it.
If you look at the failure of the air purifier industry, you will understand what I mean.
Trade: because you are a pure middleman (like CAO)
You need to have money or get cash at a very low cost of money.
This will allow you to purchase items in bulk at a much lower price than other items.
No matter what you sell, high-tech or low-tech.
As a trader, you make money by buying and selling, nothing else.
If you don\'t believe in the latest high-tech products, you have to sell your products or you will be eliminated. For Retail: (
Services or goods including catering)
The most important thing is location, location, location.
The second is the contact with customers, because retail is an experience that can only be experienced through enthusiastic retail service personnel.
If your retail staff is not enthusiastic about their work, change their passion or change them!
If your location is good and the rent is high, take advantage of this by having your customers buy at a higher dollar value or do more \"pay first, ship now\" business
Just like a Chinese dim sum restaurant in Tanjung Pagar (
One of the expensive busies towns in Singapore)
They added a takeaway.
The counter outside their restaurant saw their sales grow by 27%.
For professional services, including: how many excellent people do you have?
Because the wages of highly skilled people are also high, are they loyal to your company or are they just loyal to their wages?
From law to advertising or the web, it doesn\'t matter what service you provideservices.
You need to keep the really good tech talent out of the way, as the Big Four auditing companies do in cultivating their high flyers into Partners. For Start-
Ups: Sorry, most startups
Ups hasn\'t found a good business yet, so whatever you\'re doing, you need to persevere and you\'ll find your way.
For Stockiest: good days for bulk purchases and offering bulk discounts are over: With the Internet, anyone can buy anything.
Stockiest needs some products that no one has, and the best way is to have your own brand and do OEM.
If you want to know how to build your brand, follow the coolosim models.
For management: you need access to management tools, systems, and manuals.
Anyone can understand leadership, but all leaders need to have management tools or they will become leaders without achieving anything.
Most importantly, use these tools correctly.
Don\'t do as Cao did;
They have the best tools but no one uses them!
For employees: the most important thing is to help solve the boss\'s problems and your career will flourish.
What can you do today to make your employer happy?
For everyone: it\'s all about doing it!
It\'s not a theory, it\'s not a \"should\" or \"can \".
Because only when you do this will you know that your theory is right or wrong.