Client Management.!

Client Management.

How well do you know your clients?

How often do you contact your clients for feedback on your product/ services?

And how have you considered the feedback,?

Besides advertising and marketing what other lengths do you go to get more clients.?

Do you know the Top 5 people that your revenue is depended on and how do you even communicate with these people?

We need to understand also that more customers does not mean an increase in revenue.

The end goal is having an increase in revenue regardless of the number of clients.

For example say you are selling cakes and have 10 customers that buy a cake each or you can have 4 customers that buy 10 cakes each.

The matter here is revenue.

Therefore take caution of your best clients. Client management is important. The primary goal is maximum revenue even with less customers.

Innovate and add value.

Comments

Supply

Supply- supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object ( WikiPedia) I found this topic to be of great interest in a sense that one can be in and out of business because of a supplier. Demand and supply makes up the foundation of an economy. In business we can have an obstacle of a supplier. Recently I have halted selling a product due to a problem I had with a supplier. The supplier ran out of business and it was difficult to even find another supplier nearby. A supplier can increase prices meaning you also have to increase your prices. This seems simple but it tends to be difficult to maintain one’s clientele in such a situation. This problem of suppliers come with the risk of running a business, one must always be on the look...

Physical efforts

Taking care of your health. When you are in business you are taking care of alot of things and people. One must be both mentally and physically fit to exercise such responsibility. Reading is an exercise for the mind and working out or running is for the body. Business is about trust and how do you trust someone who looks like they are about to give birth? That is unhealthy. Heath concerns me alot and people need to educate themselves about the kind of food they need to eat. A healthy individual will run a healthy business. Physically appearance is everything especially in the service sector. Therefore, be neat, healthy and fit. Exercising for an hour a day will make a whole difference in your life and your business. Develop that mind

Failure

One thing I have been experiencing in my business is failure . This has been very difficult and as we know that most start ups fail in the first 5 years. However with all these adversities I am still consistent is everything I am doing. This year so far has been a complete failure. I am learning that a business is like a baby. you carry it for months, feed it, dress it, teach it to crawl and walk . Then you have to take baby steps with it. It is not over until the fat lady sings. Innovate and add Value

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