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Showing posts from January, 2021

California USA David Duel - Various Factors of developing Successful Business as Owner

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California, USA David Duel key tasks, duties and responsibilities are of a small business owner. The key roles and responsibilities of a small business owner is to maximize revenue, profit, cash flow, income and long-term net worth, by consistently producing greater results and performance from the same time, the same effort, the same activities, the same people, and the same money invested in your business. Secondly to continually reduce cost, and neutralize or eliminate weaknesses, risk and threats and develop a strategic competitive advantage to combat  increasing competition. The business owners' day to day responsibility and success will come from your ability to identify, analyze, plan, implement and manage the performance of these simple but very important 6 business drivers.  1.  Management - Manage yourself every day 2.  Money - Financial Management 3.  Marketing and Sales - Management sales, marketing and customers service 4.  People - Management of productivity, training

California David Duel - Business Owner or Entrepreneur Principal Strategist and Planner

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California David Duel small business owner, you can have a lifestyle of freedom and flexibility not offered to an employee. However, being a small business owner also carries greater responsibility with many more tasks to juggle. Most small businesses have limited resources when launching, which means that, as the owner, you have many hats to wear, depending on the nature of your business. Planning and Strategy First, a small business owner must be the principal strategist and planner. To understand the new business, as well as the necessary resources and strategies, it makes sense to start with a business  plan and a marketing plan. You’ll need to do research, planning and writing to develop a plan, and expect to revisit and change it as needed. Finance and Accounting Most small businesses need start-up capital to get established and grow their products and services. Depending on the business, some owners can bootstrap and start with a smaller budget. Other ventures require a small bu