Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts
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3 Proven way to grow your business by focusing your customer


Every business in this generation is surrounded with a variety of various challenges. It would be easy to just roll over and sink. Sadly many companies are even getting to the point where simply surviving has become their daily mode of operation. They’re cutting their marketing budget, laying off people and, unfortunately, worrying about their bottom line more than they do the customer. 

Growing your business and being a successful businessman is always challenging but growing your business is not also your ultimate goal as well. You have to grow your business, make reputation, bring maximum customers, increase sales volume and raise your profit. maximizing the profit is your ultimate goal. For all of this you need to hit in the mind of your customer that your product is the best option for them. That means you have to focus on customer to achieve ultimate goal of raising profit.


But the customer matters more than anything, and, believe it or not, customers and clients aren't as hard to reach as you might think.
You just have to focus on the customer, and the customer only. Because customers are your god. If they love you  can survive and if they don’t love you, you have to sacrifice your business. It isn't new advice, but it resonates now more than ever. Good old fashioned business works online and in social media because it revolves around people more than anything. It doesn’t depend on pictures, links or making sure your advertisement is mentioned 87 times in a week. It puts the customer at the focus of things and makes serving them the number one priority in the company. It is always true that the company which gives the priority to their customers more than anything else have better reputation and better performance.

Blogging Can be a Business


As a small business owner or even a corporation that is looking for some ‘revival’ to take place in your culture, take a look at how you got to where you are. Never forget what initially made the customer feel the most important, don’t forget the long nights of coming up with unique ways to stand out so people felt special. These strategies last even as everyone else rolls over and cries, “Economic crisis!”
Has the going gotten rough? Try these three strategies for growing your business instantly, but putting your focus back on the customer.

Have a conversation


Always do two way communications with customers. Listen them, know their desire, requirements and problems and try to full convince them. Use social media to stretch your ad dollars by engaging directly with your clients. Don’t depend on automated tools to do the work for you. You want ROI? Then have a relationship with your customers, just like the merchants of old did many years ago over a counter top.
Talk back. That’s an ingenious idea. Stop tweeting and posting and sending out your sales message 800 times a week. Care about people. Talk back to them! Real engagement is not how often your link gets clicked or your picture gets liked, it’s about people caring enough to verbally answer, engage and have relationship with you.

Simple Keys for Success


Hit the stationery store

Want to increase customer loyalty and your email open rates? Then send out a handwritten thank you card to every single person who buys something from you, even if it’s a digital product. What you do daily with your clients influences your email campaigns.
It’s important to be the one sender that they LOVE to receive mail from. Be the one they can’t wait to hear from, just like a good friend. Your company's emails should be a favorite. We want to hear customers say things like, “I have a special folder for your emails so I don’t miss a thing!” This means you won, and your open rates will tell the rest.

Obsess about them. 

Top 20 Reasons for business failure


Want to blow the socks off of your competitors and increase your sales? Then start obsessing about your customers and quit worrying about your bottom line all day. Your customers are your bottom line. Ignore them and you have a beautiful recipe for failure.
This whole “be less and don’t compete and just be content with where you are” is a pathetic scheme to disable the entrepreneurial spirit from our world. You were created to fight.
Life is not a playground. It is a battlefield. Inside every entrepreneur is a dream that if pursued and won, and I believe with all of my heart, the entire world benefits from this. This is about more than just dollars and ROI, it’s about economic change, creating jobs and creating a better world. The wealth will follow the entrepreneurs who resist the status quo and do everything they can to serve well.
Be more as a company. Your customers deserve it.



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How to Start and run a Business??





Today’s world is known as business world. If someone asks what is the simplest way to earn money then answer will be do your own business. So there are millions business are carried in the world right now. Some are large business and some are small retail business. Some are well managed and some are not. Some business is started with the plans and some are not. Anyhow business is carried on and some are getting success and some are not. So here today I am discussing about how to start and carried on a successful business.
What is business?? It is not a difficult question but it may be hard to define! In Nepal and in India as well most of the persons are engaged in either small or a big business but most of the people are unable to define the business! So, let’s start with what is business!

What is business?

Simply business is the economic activities carried by the persons and organization or we can say business is an economic activity which is related with continuous and regular production and distribution of goods and services for satisfying human needs.
investopedia defines “any commercial, industrial or professional activity undertaken by an individual or a group is business.

How to start a business
 Now let’s talk about how to start a business. Before starting a business you have to make a business plan. Firstly you should think what business will suit for you and in which business you can get success. You should ask different types of questions yourself like this: Is this business will give you proper return or not? Is there sufficient market for this business or not??? Although a good businessman should create the market for their business but you have to analyze that can you create the market for your business or not.

You have to estimate the cost of starting your business. You should have to decide your source of fund. Whether it is your own capital or has to borrow s loan. So In conclusion we can say if you are starting a a big business you have to do SWOT analysis of your business by investing money and time. And if you are planning a small type of business you have to simply analyze your strength, weakness, opportunities and threats of you and your surroundings before starting your business.

Run your business

After finalizing the planning phase of your business, you are ready to start the business. Establish the office, go to the targeted market and start to sell your goods and services. That is your business. But before doing this you have to do lot of things. You have to choose targeted sites, construct or rent required office buildings, purchase required equipments, appoint and manage staffs. So that you are now able to run your business smoothly.

Starting a business not big achievement. Managing it properly getting good return and achieving success is main part of your business. For this you have to make appoint various agents, make a good circle to reach customers, visit customers and listen their complaint. Publicity is essential for the successful business. Big companies spend million dollars for the promotion of their business. So you can as well give some advertisement to the radios, television and newspapers as well. You can use various social medias like facebook, twitter, Google etc for the promotion of your business.

This is not overall idea for how to start and run a business but I hope this will give some concept for you about the business.



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More return from shares of medium companies


The investors have earned more from shares of the medium level companies with smaller price from the transactions in the past two and half months. The Nepal Stock Exchange (Nepse) has risen by around 200 points after the second election of Constituent Assembly (CA), while the share price of over half a dozen of 87 companies, whose shares are traded frequently, have increased by more than 100 percent. Most of the companies whose share price has increased more have a lower share price.
The Nepse index has risen by 183.49 points to 783.91 after the CA election. It is greater than that on November 14, when Nepse reached 600, by 30.56 percent. The market that crossed 800 in two and half months after that has dropped to 783.91 on Wednesday. The share price of majority of companies whose shares are frequently traded has risen during the period.
The investors who had invested in shares of Everest Bank at the rate of Rs 1,664 on November 14 have earned Rs 513 or 30.82 percent by Wednesday. Similarly, those who had invested Rs 140 for shares of United Insurance Company have earned Rs 200 or 142.85 percent. The share price of Life Insurance Corporation has reached Rs 2,450 after rising by Rs 687 in the period while the share price of Shine Resunga Development Bank has risen by 128.34 percent from Rs 170 to Rs 388. The share price of Self Employment Micro Finance Development Bank has also risen by 110.74 percent from Rs 410 to Rs 864. United Insurance has seen the biggest rise in terms of percentage while Nepal Life Insurance has seen the biggest rise in terms of rupee per unit. The share price of Nepal Life Insurance that was Rs 2,479 per unit on November 14 has risen by Rs 1,151 to Rs 3,630 by Wednesday.  
The investors investing in insurance, hydropower and micro finance companies have earned more. Though those who have invested in commercial banks, development banks, and finance companies have earned, they have earned less. Those who have invested in insurance companies have earned more than those who have invested in groups. Spokesperson of the Securities Board of Nepal (SEBON) Niraj Giri stated that investors have been attracted toward micro finance companies after a few of them provided good return. “The investors seem to be targeting greater return by making a smaller investment. This is a sign of maturity,” he said. “The majority of companies have chosen the medium companies as they provide greater return than blue-chip companies,” he reasoned. He explained that the share price of insurance and hydropower companies also rose more as they provided better return than others.
Investor Ambika Prasad Poudyal reasoned that the share price of insurance and micro finance companies has risen more as development banks and fiancĂ© companies have invested in the shares of insurance and micro finance companies. Stating that a short-term institutional investment on shares has a negative impact on the market he said, “The market will improve if it is held for a long period.” He revealed that the return provided by the insurance and micro finance companies is also comparatively better.  
Former President of the Stockbroker Association of Nepal Anjan Raj Poudyal also confirmed that investors investing in the insurance and micro finance companies have earned more. “There was comparatively under-pricing of shares of insurance companies until some time back. The share price of insurance and hydropower companies has risen now as the banks and financial institutions are investing on them,” he reasoned. He explained that the financial institutions have started to invest on insurance and hydropower companies as investing on companies of similar nature will lead to cross-holding. He explained that the price of insurance companies has risen more than others also because the Collective Investment Trust has also invested on shares of insurance companies while managing investment. He argued that attraction of insurance companies has also increased as they have distributed bonus shares in good proportion while raising paid-up capital.                 
10 companies whose share price has increased most in rupee after November 14
Company
Wednesday
Nov 14
Difference
Nepal Life Insurance Company
3630
2479
1151
Life Insurance Corporation
2450
1763
687
National Life Insurance
1840
1235
605
Everest Bank
2177
1664
513
Butwal Power Company
1270
800
470
Shikhar Insurance
1000
544
456
Self Employment Micro Finance Development Bank
864
410
454
Summit Micro Finance
890
459
431
Sagarmatha Insurance
1161
835
326
Rural Micro Finance Development Bank
880
560
320
    10 companies whose share price has increased most in percent after November 14
Company
Wednesday
Nov 14
Difference
United Insurance
340
140
142.86
Shine Resunga Development Bank
388
170
128.34
Self Employment Micro Finance Development Bank
864
410
110.74
Alliance Insurance
550
263
109.125
Triveni Development Bank
323
159
103.144
City Development Bank
385
192
100.52
Bishwo Development Bank
265
133
99.25
Summit Micro Finance
890
459
93.89
Machhapuchchhre Bank
465
250
86
Shikhar Insurance
1000
544
83.83

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