As I was going through my published books, I came across the topic “Survival Tips for Running a Successful Business” from Pat’s Make-up Business Tips and Bits. I got these tips from my research papers and also from interviewing some successful entrepreneurs. These tips can apply to a Make-up business and any other business one would like to engage in. Without much further ado, below are the tips:
- Budget for the business – calculate funds needed each month to run the business, budget for purchases for each month and create an inventory to enable you to scale down where necessary.
- Be prepared to work long hours to meet the client needs and expectations.
- Build a network with fellow entrepreneurs e.g. with young business and professionals clubs and associations. These are great support networks.
- Create your presence first online an on social media where people can see your services and products offered. This can at first be started on your own then once the business is established you can hire a marketing company.
- Create a niche and have unique offers e.g. offer services that are well done and complete in 30 minutes/1 hour record time.
- Invest in your business – use the income gained during the initial stage of business to funnel back into inventory and marketing to grow the business.
- Listen to your customers – they might give you tips on how to grow your business and how to become a healthy competitor.
**These tips were extracted from Pat’s Make-up Business Tips and Bits. For more tips grab your copy today from the link below: