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5 Things You Need to Make Important When Building A Business

Some time ago I provide training in entrepreneurship Cikotok with Eko Yulianto and Fath Aulia Muhammad, the founder and owner-Tela Tela.

When I give some "advice", when the question and answer session, I diberondong with the core question, "I need a pack of capital!".

There are more extreme to say, "I already know how to do business pack. What matters now is capital! ". Even maybe some of them think I am just a mere theorizing.

Once I explained the problem internet marketing, on ndomblong all. Apparently they did not know anything. "You ready for business how", I thought.

Now, if you think about not knowing what to do if you want to open or build a large and successful business? Is the most important things needed to open a new venture capital just as we are told the trainees was I?

Or just doing or making the product right? Or just make the most important areas of marketing and sales focused right?

Actually, when you open or build a business, you should focus on the BI Triangle, which is five main components in building a business or a business. I know from one of the series "the advisor series" his Kiyosaki's Before You Quit Your Job. Five components are:

1. Cash Flow
Can also called financial. Several things, including cash flows include income statement, cash flow statements, balance sheets and so forth. You should be able to read and understand financial statements. The reason why cash flow is placed at the primary level because most of the work area businessmen will be there. When the cash flow business destroyed, then crushed his business.
2. Communication
Called marketing. Communication is the key element in any business planning. Marketing includes market segmentation, targeting, consumers, competitors, distribution, relationships, advertising, pricing, industry and market trends, marketing strategies, and so forth.
3. System
In a business or a business, the control system is very essential since most entrepreneurs work on the habit. So when the businessman was not in there, then the business could not walk properly. Even the most can be messy. With a strong control system, you can be free without having to get involved in your business too much, like Malang Cak Eko meatballs I have ever reviewed.
4. Law
Murphy's Law (Murphy's law, things can go wrong) would be applicable in the field of business. Precisely when you think that you do not need legal assistance, you need it. Business law is very diverse. Starting from disturbance permits until the patents included. So, take care of your business law before something that is detrimental to befall you in the future.
5. Product
This is the highest level on the BI Triangle, products or services. The purpose of the said highest level is the top or terujung. I mean here not the highest as the most important. Only if the image of his triangle BI Kiyosaki, the position of these products or services on top. This is where the employer must make a product or service needed by consumers, but have a strong differentiation.

As a businessman who was opening the business, you are required to master the five mentioned above. No need to detail. You are quite an expert in one field, then handed over to other areas of the others in a way:

1. Hiring someone who is an expert in these fields to enter a team in your business.
2. Or hire someone with expertise from the fields to work at your company.
3. Or use a consultant in one of these fields, eg marketing communications or if you are not expert in these things.

Then, why do you need an expert or experts in one field? So that at the time of building businesses, your business team with people strong and powerful.

If you are smart and an expert in one area such products, surely you will get a partner, employee or consultant who's smart and also experts in marketing, financial, and legal systems.

If your knowledge in one area is barely adequate, the people who surround you are also mediocre. You also do not want it, work with people who are far below your level?

Therefore, in the open and build a business, make sure you are an expert in one field. The rest, hand it to people who are more expert than you. How do you think?


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