All Fortunes Begin with an Idea!

Written by Damien Senn


A new idea is merelyrepparttar combination of two or more old ideas. The creation of a new idea isrepparttar 102936 critical first step in establishing any business.

People who dream of setting up their own business but don’t succeed, generally fall into one of three categories:

(1)too few ideas (2)too many ideas or (3)waiting forrepparttar 102937 ‘perfect idea’.

Any of these three states of mind may hinderrepparttar 102938 budding entrepreneur.

‘Would be entrepreneurs’ with too few ideas.

These individuals typically say “if only I had ‘an idea’ for a business.”

Just remember that if you say you don’t have ‘an idea’ it really means you have ‘no-idea’! If this applies to you, you need to get cracking on that ‘first idea’ fast! As soon as you are able to dream something up, you’ll haverepparttar 102939 essential ingredient that all successful businesses are built upon.

‘Would be entrepreneurs’ with too many ideas.

Can you ever have ‘too many ideas’ I hear you say? Well if your creative process leaves you feeling overwhelmed for choice then it’s definitely a possibility! Many highly creative people experience inertia in business purely because they have so many ideas. They don’t know where to start or which idea to implement first!

If you fall into this category, just pick one of your ideas (it doesn’t need to be your best one!) and begin to mentally develop it further. Considerrepparttar 102940 first key steps you need to take to push your business idea forward. Remember that you don’t have to have a 100 page business plan or a fully formed idea before you can start taking action! All you need is a little focus.

‘Would be entrepreneurs’ waiting forrepparttar 102941 perfect idea.

This isrepparttar 102942 equivalent of expecting to know how to swim once you’ve foundrepparttar 102943 perfect swimming costume.

If you fall into this category, even if you do manage to findrepparttar 102944 ‘perfect idea’, ask yourself whether or not you are going to haverepparttar 102945 right skill base to get it offrepparttar 102946 ground. Many successful entrepreneurs have failed many times before their ‘perfect idea’ came along. It is through being prepared to fall down and stand up again that you developrepparttar 102947 tenacity required to succeed in business.

CRM 101: Customer Relationship Management for Beginners

Written by Scott Hawksworth


Customer Relationship Management, abbreviated “CRM,” isrepparttar term for a business strategy that is designed to improve customer service. CRM is also designed to increase customer satisfaction and gain new customers, thus increasing a business’ revenue. CRM is a term that can be applied to software and an entire business strategy.

How Does CRM Work?

Essentially, CRM works by gathering information about customers and analyzingrepparttar 102935 information collected. An example of this would be supermarket discount cards (I.E. Kroger Plus Cards, ACME cards, Giant Eagle cards, etc...). When a consumer scans his or her card, and then his or her items,repparttar 102936 items that customer bought are entered into a database. This gives businesses an accurate idea of which customers buy what. Businesses then analyze this information. After analyzingrepparttar 102937 data collected, businesses can adjust their marketing campaigns and increase sales. Customer Relationship Management bringsrepparttar 102938 company closer torepparttar 102939 customer. CRM closes a “relationship gap” that can be formed betweenrepparttar 102940 business and its customers.

CRM is also useful for customer service. Businesses can use automated CRM applications to analyze customer complaints, or compliments, and changerepparttar 102941 business processes accordingly. Interestingly enough, CRM products also run many automated call-centers for businesses (I.E. customer service systems). CRM applications and practices are used to make businesses more efficient and improve customer satisfaction.

What Can a Business Gain From Using CRM?

There are many goals that businesses have when implementing CRM techniques and applications. The business wants to improve customer service, which will subsequently improve customer satisfaction. The business also wants to maximize revenue by advertisingrepparttar 102942 right products torepparttar 102943 right people. In other words, businesses want to know what customers want. Once a business finds what a customer wants through a CRM method,repparttar 102944 business can then providerepparttar 102945 customer exactly what he or she desires. This will lead to returning customers, andrepparttar 102946 gaining of new customers. CRM processes also are designed to monitor all ofrepparttar 102947 contact between customers and companies. Maintaining a positive relationship with one’s customers is an essential element in business. Well-rounded CRM works to ensure that this element exists.

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