An effective 'loyal customer' strategy will increase sales, create profitable customers, earn business at your price, and convert repeat customers to loyal ones. Luckily, one of the most valuable uses of a business plan is to help you decide whether the venture you have your heart set on is really likely to fulfill your dreams. That s how you ll make more sales. For example, if your vision is to be the best service provider, determine what specific, measurable results would enhance your bottom-line.

Up the ante to bring on key employees

What can you offer to your customers, vendors, suppliers, or competitors? Surveys show that most people will answer to the right, but the correct answer is to the left. And interestingly, when riding a bicycle, nearly everyone will correctly and intuitively turn the handlebars to the left. What systems do you have in place to ensure that everyone does things per company guidelines and standards? But don t be seduced.

I try not to make any decisions that I?m not excited about

It could take the form of a letter to yourself, written from five years in the future, describing all you have accomplished and how it came about. Just as your car won't run without fuel, you can't sustain a roof over your head and provide food, clothing, and the rest of life's necessities if you can't pay for them. Get their names and go meet them. Without small businesses, there would be no big businesses.

Set up follow-up and review schedules to keep track of progress

As the business leader, you set the example and lay out the priorities. Even a false statement, repeated often enough, can be perceived as true. Many of them are novel, but all are salable if the store is properly managed. But once paid for, geothermal energy is effectively free.

Participate often and update your web presence

You will be able to get a much higher selling price for your product in an upmarket boutique, for example, than you would selling it on a market stall. Look at every purchase, order, job, or contract you have completed or proposed in the last three to five years. Subsequent mentions of that term or condition refer to, or are presumed to refer to, the original explanation. Interaction in business relationships is both a means of producing novel solutions and a way to integrate new solutions into the existing texture of resources, activities and actors.

Are You Making These Business Mistakes?

When you tell your kids to clean up their room, they decide if they'll do it based on the needs, consequences, accountabilities, and responsibilities that affect their decisions. Also, because most retail businesses deal primarily with cash or near- cash equivalents (credit cards), funding requirements for accounts receivable are relatively low compared with some of the other business categories, which means, in turn, that the capital requirements for entry can be comparatively low, depending on how much inventory is required. This includes setting goals, motivating, inspiring, encouraging, creating a vision, seeking new opportunities, and anything else that is necessary for leading your company. Traditional retail stores have limited and rather expensive floor space, and thus stock a comparatively narrow range of items that they sell in large amounts to a local, relatively small customer base.