The 3 Best Business Advice You Will Ever Get

There are innumerous businesses around the world. The businesses can be segregated on the type of ownership, nature of operation, medium of operation, etc. But there are a few things that remain common to all businesses. A business is an entity established to earn money by rendering service or selling goods. At the same time, a business will always have an authority who will make decisions or drive the organization. A company involved in business dealing will have employees. These are just a few common points that every business will have.


Every business is different and thus, would require different policies, strategies, etc. But, there are a few golden rules that every business owner can make use of irrespective of the type of business. These golden rules are classics that apply to all businesses with a few tweaks.

#Advice 1: Distribute Responsibility

A business owner often wants to be in control of the situation and as a result he or she ends up doing almost everything here and there. The rule here is to assign roles and responsibility and let the individual take up the tasks. With dedicated people involved in completion of a task, you can focus on matters that are more important. A few ways to distribute responsibility include:

Must Read: 5 Brilliant Business Ideas for Your Company

  • Creating Specialized Teams: A team of people who specialize in a particular area can really ease you work. If you have a software application development business, then you might want to have a team of designers, a separate team of programmers, and another team of testers. These teams will specialize in their functions and at the same time work in coherence with each other. If you are a small business owner and do not require a team as such, then having three different people for the roles or one person who can do all three is a desired choice. If you want to be updated on the happenings, you can only choose to get reports of daily progress.
  • Enabling Self Service: A business requires teams or individuals to work closely and cooperate with other. At the same time, there would be teams that are tasked with facilitating internal processes. These teams are often overloaded with requests that can easily be done with some self-assistance applications or Software. A big business owner can invest in development of such portals by connecting with a software application development company. This helps in streamlining work and enables individuals to perform efficiently. You can choose to be the approving authority in case you suspect misuse.

#Advice 2: Make Smart Decisions

Small business advice

All business owners or CEOs are required to makes decisions and they have to rely on facts and data before deciding things which can be crucial for any business. But, making decisions related to finance or man power require a strong research and careful consideration. Here are a few tricky situations where you as a business owner would have to make a choice.

  • Hiring vs.Outsourcing: This is one of the most common dilemmas that business owners often face. At times, hiring seems to be the right thing but then outsourcing is way more cost-effective. The right decision in this case would require consideration of the difference in the amount, commitment, resource usefulness, etc. For example, if you want to get a Software developed, then you would have to decide between having an in-house team or a software application development.
  • Humans: Digitalization is everywhere and it is going to remain that way for years to come. New technologies target at reducing human work and as a result businesses often need to include technologies for better outcomes. If companies are reluctant to be a part of the technological advances, then they might end up losing the competitive edge which can be fatal in the business. But, this does not mean you would not need humans; it is only that their involvement will be limited. Consider choosing part-time workers or freelancers in such cases. For example, choosing an online platform for your software application development needs and limiting the number of team members who are programming and coding.

Also See: How To Choose the Finest Social Media for Your Business

#Advice 3: Adopt Measuring Tools

Small business growth

It is good to have a measuring tool in place and even better to communicate the parameters to your employees beforehand. This helps business in identifying what has worked and what has not. At the same time, it helps in employees to set goals and evaluate themselves against the set checks. The measuring tools can either be quantitative or qualitative. Let’s look at each of these in detail.

  • Quantitative: At times, the work that you do can be analyzed using numbers and figures. For instance, if you are a salesperson, your performance can be evaluated in terms of the revenue generated. Similarly, if an application is developed, then the assessment can be on the basis of the number of downloads. Sometimes, companies allow clients to rate services on a number scale and this can be used as a quantitative score.
  • Qualitative: At times, you work cannot be evaluated on the basis of figures like revenue generated, sales lead, etc. Other than this, your role and responsibility might be focused on customer interaction or training and therefore no quantitative element would be involved. In these cases, a qualitative assessment tool is handy where a supervisor can score you. The qualitative aspects include interpersonal skills, behavior, values, innovation, etc.

A successful business requires an amalgamation of all the three listed advice. Use them in your business and see the difference that some small changes can bring.

Post Comment

Questions to Ask Before Hiring a Website Design Company
7 Vital Questions to Ask Before Hiring a Website Design Company
successful business stories
Five Successful On Demand Service Startups inspired by Uber
Dynamics 365 business
Tips and Tactics to Generating Business Leads using Dynamics 365
Small business marketing mistakes
6 Worst Small Business Marketing Mistakes You Should Avoid At All Cost
How to study with a full-time job
How to Study Effectively If You Have a Full-Time Job
How to find the right college
College Conundrums: 4 Critical Concerns When Choosing a College
College Education
Jump-Starting a Career: 4 Reasons to Choose a College Education
The Dos and Don’ts of Studying Abroad
The Dos and Don’ts of Studying Abroad
Fashion Tips for Petite Women
12 Style Tips for Petite Women
Perfect Swimwear
This is How You Choose Perfect Swimwear‏
Reasons To Wear Sunglasses
7 Reasons to Wear Sunglasses This Summer
How To Walk in Heels
How To Walk in Heels Like A Pro – 5 Easy Tips and Tricks
How to create an accent wall with wallpaper
How to Create an Accent Wall with Wallpaper
Feng shui tips for bedroom
9 Feng Shui Tips to Add Romance to Your Bedroom
7 Easy Home Upgrades that Only Need Imagination and a Weekend
Carpet shampooer
How Does A Carpet Shampooer Work?
Reasons men say no to sex
10 Reasons Men Say No to Sex – Reasons Every Woman Should Know
dating a single mom
7 Things To Know Before Dating A Single Mom
Father’s Day Gift Ideas
10 Special Father’s Day Gift Ideas
Why Do I Dream About My Ex
Why Do I Dream About My Ex – What Does It Mean and How To Stop Them?
How to Deal With Last Minute Christmas Shopping?
underwear bargain
Bagging an Underwear Bargain – Save Huge & Look Sexy
Why Ratings And Reviews For Online Shopping Stores are Important?
Top 10 AC Brands to Ward Off the Scorching Heat
Cheap vacation destination
7 Exotic Places You Can Visit for Just $20 A Day or Less
Romantic Destinations That Aren't in France or Italy
7 Romantic Destinations That Aren’t in France or Italy
dubai the new destination for food lovers
Dubai’s New Frontier for Food Lovers
Top 10 beaches in the world
Top 10 Beaches That Will Leave You Mystified
Mobile Application User-Friendly
Is Your Mobile Application User-Friendly? Weigh it on These 3 Essential Factors!
How to Install A PBX Phone System
How to Install A PBX Phone System in Small Enterprises
How Mobile Gaming Makes Big Money
Best Android Apps for Planning Your Budget
10 Best Android Apps for Planning Your Budget