This blog aims at equipping individuals with business and finance tools in simplistic terms. It convers both business finance and personal finance. It also looks at the actions that can help you run a business successfully. It has some juicy flavour in it. It also aims at getting individuals closer to Allah (SWT) Enjoy!
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Empowering yourself, leading to financial stability
Image courtesy of Stuart Miles at FreeDigitalPhotos.net
Hello readers, do you know the most financially successful individuals are business entrepreneurs. Some nations are not as financially buoyant as others, as such as unemployment rate differs in different nations. Some individuals see unemployment as a problem; rather than seeing it as a problem why not look at it as an opportunity to start your own business. No business is built overnight, however, you can start yours. If you belief that you will start a business and be successful at it then you will, however, if you belief the opposite will come to past then it will.
Before you dabble into any business you must understand it, do not go into a business that you do not understand. Take time to understand it, and it must be something you find your passion in, so you can enjoy business tasks when they occur. Some individuals might find unemployment demotivating and may start to question their own abilities but I may have to tell you that Jack Ma went for an interview with 23 others and everyone of them got employed except him, today he owns Alibaba. Do not just sit down there and start feeling bad, your unemployment could be an opportunity to do greater things. After figuring what business you find your passion in and understanding the business, draw up a business plan.
The next challenge will be to raise capital for your business, these articles I wrote previously could guide you.
Hello readers, today I will be writing about buyers behaviour when it comes to purchasing products (goods and services). I hope your week has been good. A buyer is an individual that makes a purchase. That purchase can be influenced by his/her emotions or his/her rational mind.
For your marketing strategy to be successful you have to truly understand the buying behaviour of your customers. Some customers buy goods based on trust and loyalty which falls into the emotional reasons. Thus, you have to build trust between your customers and yourself so they can return back to you. Trust is built when you offer good quality for reasonable prices.
Some products are bought regularly while some products are purchased seasonally. If your products fall into the seasonal category, you should only purchase them to be resold during that season. At times buyers purchase products on behalf of another individual. In that situation, you have to capture the mind of both the buyer and the actual person tha…