This is my first ever blog and I want to share with you my learnings in money making.
The thing about spending less and earning more is what everybody dreamed of. I have a partnership on a burger business for more than a year now. And, it’s not easy to have a little knowledge in this business that you need to have your research everyday to learn. It’s not only true to new businessmen but to business experts as well since they need to learn and relearn in order to be updated and adopt to new changes. Hence, every top company has its own research and development to help improve their products or services they offer.
But since I am into a burger business, I want you to share my learnings and how I am able to beat the challenges. Every business has its own and unique challenges and there are ways to beat them.
- Market Study. Before entering into this business, you need to have a market study first. In this study, you will be able to know the location where you want to position your store. Places that can generate traffic or where there are many people are the best locations such as near a church, a school, or a hospital.
- Business Plan. After you find the best location, the next thing to do is to prepare your business plan where your written plans for your business are recorded like your Financing Plan, Production Plan, Marketing Plan, etc.
- Hire Trustworthy Employees. For me, the best employees to hire are those that are trustworthy and with good attitude. This is so important because you want that these employees would serve you religiously inasmuch as you want your business to be successful.