Influence, Influencing and Influencer

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 In this 21st century, world has totally changed as it was before few century ago. Before people used to live in the forest, in the bare land, hunting all day for food without any proper objectives or goals. But as time past, they learned the importance of house, they learned the importance of basic needs and they learned that it is necessary to have a specific goal, so that they can contribute to the society or country they live. Because of that, at this present time, we are so lucky to have roads, buildings, health care services, well developed communication systems and other necessary facilities. Have you ever thought that how we human being (social animal) have developed so much as compare to other species in earth? Have you ever though how fast we are evolving as compare to other animals and how we are controlling other animals in earth?  Well, the answer for these question is influence. If you have done self evaluation then you will know how easily we get influence by th...
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Ways to make successful business in 2023

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This post is about the ways which leads  to make successful business. https://bizmgnt.blogspot.com/

Every individuals, groups or organization  dreams to have successful business but only few gets success or meets their objectives. So to get success in business an individual, group or organization must be flexible, hardworking  and passionate on their business.

Generally, business is the act of being busy in economic activities.  Here economic activities denotes those activities which help to earn money. Now a days,  the key objective of an individual is to earn profit.  And the success of business means to gain profit as much as possible from business. So to make successful business following things should be considered:

1. Identification of business :
                                                     This is the first step of starting business.  Before starting a business, we most identify the business activities which is suitable for us.  In other words,  it means in which we are most capable in activities must be identified.  For exampale,  if you have degree in hotel management and have skill in managing hotel.  Then you should prefer hotel line business.  So that you can utilize your knowledge and skills to run business.

2. Select the location:
                                       It is another key factor to to make successful business.  To make successful business an organization or an individual must select best location for its business. In order to select the business location, environment must be analyzed.  To analyze environment SWOT Analysis should be done.  The full form of SWOT is Strength, Weakness,  Oppurtunity and Threats.  There is also another way to analyze environment i. e. PEST analysis.  Here P means political,  E means economy,  S means social and T means technology. So these factor should be analyzed to select best location for your business.

3.Make objective:
                                After identifying business and selecting location, objective should be formulated.   Making objective means to set goal to a chieve.  Similarly, it also means to make plan about how to achieve goal within a specific periods.  So an individual should set goal and start business.

4. Technology:
                           Technology is very necessary.  Technology helps to convert inputs into outputs. Innovation and creativity are those factors which help business to face challenges. Due to changing environment, many businesses get fail to achieve its goal.  Thus, new technology and innovation hels to face changing environment.  For example: new technology helps to produce large amount of product in short period by reducing its cost price.
                                 
5.Customer: If you choose business which is related with producing and selling goods and services then it is very necessary to make good customer relation.  Customers are the God.  If you start business of soft drinks and only producing large amount is meaningless.  After producing, you must sell it to customers otherwise it will be meaning less.

So these are the ways to get success in business. If any questions you want to ask then comment below and can check out my other blog in https://bizmgnt.blogspot.com/

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