There
are a few things about building a strong business.
-----
1. Offer good quality products. Consumers would be happy and tell others to buy
the same products. Consumers would tend to buy other products offered by the
company, i.e. build a brand name.
2. Mass production would lower product costs, i.e. higher profit margin for the
same price.
3. Lower profit margins would help to lower product prices, i.e. getting more
customers or market shares.
-> For example, Netflix had low subscription fees to attract more customers
or more market share. Higher expected profit margins by other companies made
Netflix happy.
4. Choosing products that are used by many people, i.e. mass usage.
5. Getting employees engaged in business as employers by profit sharing plan,
i.e. a united team. Having a union only creates trouble to the relationship of
employer and employees that make bad things to the business.
6. Private company is better than a public company as the business spent less
time to please share/bond holders. Having employees as shareholders is a better
option, i.e. pay off loans quickly.
-> For example, Apple's CEO has had lots of trouble with shareholders, i.e.
all kinds of request to please.
No comments:
Post a Comment