How do you manage your business that you have just created?

 following, Justice, mastery, patience

Agreed with the thoughts of Mr. Ashraf E. Mahmoud

Thanks for invitation,

In a very brief and prcise wording:

By applying the "Management Matrix".

Thank you for the invitation.

Business is a great way of life and success and it is in building a name for yourself by following the truths of life as in Trust, Honesty and Sincere genuine feelings that direct success through Priority and focus on an everyday task.  The eight important ones are:

Touch base frequently. If they recently placed an order or you provided a service, ask them for feedback. Showing you care about their satisfaction level speaks volumes about your commitment to them. It can also provide you with an opportunity to gain insight on other products and services that you can offer to gain new business.

If they have not done business with you in a while, check to see how you can help them. It may also serve as a reminder that they may need your product or service.

Pick up the phone. If most of your communication takes place via e-mail, it's still important to pick up the phone occasionally to touch base with your customers. Personal interaction is an important element in building a relationship.

Branch out. You may have a particular target market in mind, but to reach it doesn't mean that you network with just that group. Find groups that don't mirror your target market and build relationships with their members. That is the benefit of networking. People you meet know people who might be future customers.

Become a resource. Stepping out to assist someone doesn't always mean you'll get an immediate return on your efforts. Refer a customer to them, help with an event or offer suggestions. When they, or someone they know, are looking for a product or service that you offer, you're more likely to be foremost in their mind. The more you get to know them, the more you'll be able to offer assistance by knowing their needs

Write a note. Adding the personal touch of a thank you note to show customers your appreciation for their business is priceless. For the best impact, send it immediately after the event.

Tailor your approach. Your customers vary in work load, style of communication and desire to share information, so your approach should be just as diverse. If your customer doesn't appreciate your just stopping in, then call in advance to set up a time or invite him or her out for coffee.

But your approach needs to be genuine and within your comfort zone or it may backfire on you. If you aren't comfortable with face-to-face interactions, you may want to start by picking up the phone.

But your approach needs to be genuine and within your comfort zone or it may backfire on you. If you aren't comfortable with face-to-face interactions, you may want to start by picking up the phone.

Be prompt with inquiries. It shows your commitment to a high level of service and establishes confidence in you and your company. Also, if an issue arises, take action and make it your priority to resolve it immediately. Sometimes errors and how we resolve them provide an exceptional opportunity to show our commitment to the customer--take a bad situation and make it a positive.

Listen, listen, listen. Your customer may provide cues that might be your gateway to providing a personal touch. If they indicate that their child is heading off to their first year of college, or they are taking a long awaited vacation, jot these things down on a calendar so you can ask how things went when you do a follow-up call. Or they might state that it was their birthday last week. Put that on your calendar so the following year you can send a birthday greeting.

Building any type of a relationship takes time, whether it's a personal or business relationship. It's an essential part of your business to help maintain and grow your customer base. As part of your daily to-do list, make a point to touch one customer every day. You may be surprised at the impact.

In-order to succeed in your business you will need to be friendly yet professional and a core business man or woman.  Learn good techniques that take you to the top of the list and believe in yourself always.  Only you can make a success of what you build and take it seriously to talk to people about your business and network it through groups through proper budgets and plans so that one day you can rely on RESIDUAL INCOME in the future.  Be honest with people so that they can come and see your business and invest in it making time for it and GROWTH is the key in your business.  

Priority is the tip in business.

Networking cards or business cards are important with your Telephone number and email address and a interesting logo detailing your mission and core values for business,  Help people know you through an open question(s)  this helps them get to know more about the business. 

Business time is always and a great future is building a good business be it a family or company brands.  Customer satisfaction is the key to business reputation and goodwill.

Start of course by building a name and reputation in the market through branding and advertising my goods and products, and from there it’s all about providing a safe and comfortable environment for all customers and clients.

if you have a business that you have just created than you have to be carefull for the selection of the employee. than the first thing you as a boss should do is that you should be the one that works most because you give an example to your friends (employee) how should they work. after you realise that then be sure that your business is going to run in a perfect manner.

1. 1. Have a medium-term goal and roll with it.
2. 2. Keep customers happy.
3. 3. Find a great mentor.
4. 4. Have the right team.
5. 5. Consider financial implications
6. 6. Subtract, while you add.

 

By applying the following guide rules:- 1- High level of strategy well and carefully studied must be on table to be under process. 2-Well selected professional and qualified staff through different stages of theoratical and practical tests. 3-Held meeting to distribute the jobs،roles and policy of work. 4-Starting to send advertisments ,books ،and all types of invitations thtoug news papers,sociall media,and famous advertisment egencies. 5-Held meetings ,seminars,and arrange vomunications with all concrrned companies ،sectors to create good relations and built wall of confidence. ,6- Send well professional staff to different locations in the market to study our activity among the other companies and fields and collect enough data which will be our guidlines of starting our strategy. 7-put rules studied carefully to push and encourage staff to be active,creative,innovative through bundles of motivations to maintain high level of manpiwer.

you must have a business plan. This plan is not, as many believe, merely a document prepared for lenders and other investors. It's also a guide to how the business will be shaped and managed. A plan forces the person starting a business to examine and understand all aspects of organizing and running it, so is an important management tool. Many new business operators caught up in the euphoric atmosphere of creating their own business avoid such essential pre-planning because it's not as exciting as devising a product or selling a service. However, since about 80% of businesses fail within five years, largely because they were not planned and managed well, pre-planning greatly enhances the chance of success. Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations. Therefore, all business planners should concentrate on researching and thoroughly understanding these areas as they relate to the individual business. Although the traditional business planning format does not strictly adhere to this approach, it can easily be adapted for research purposes. Our site has a business plan template that can act as a guideline. Another source for business planning tools and resources can be found at the Canada Business Network. Researching and designing a business involves a thorough analysis of the business in these areas. 1) Strategy 2) Marketing 3) Finance 4) Human Resource’s 5) Technology and equipment 6) Operations

The management of the business, whether large or small, first needs the appropriate selection of supervisors and managers, and secondly periodic follow-up of special reports, which provide the status of the market and competitors and customers and then make the necessary decisions in the appropriate times

I think for managing an just created Business, we have to come up with managerial, operational, Financing Decisions time to time and always have to maintain some risk managerial things up to date for a safe a side.