the business essay writing tips

the business essay writing tips

Exploring the Key Components of Building a Successful Dream Business

1. Introduction to Dream Business: Defining Your Vision

Moving with the unique talents you’ve been given, using those gifts in service to others, will leave you with everything that you need. These same talents are the building blocks of the dream business that is meant to supply all of your needs. No matter what pictures you hold in your imagination, understand that the invisible world of Spirit creates these pictures first, and then your physical world comes to match. In a quest to find your dream business, create business success, or get more fun out of the business you already have, you need to realize – often for the first time – that your life and work are a reflection of the inner experiences of your mind. Just like the unseen, magical process through which a masterpiece is created, your dream business starts with your inner experience. And you access that against the backdrop of obtaining business success.

What’s inside always shows up outside. It’s simply how life works. Those dreams in your heart are there for a reason. Whenever a specific dream is a part of your subconscious, it simply means that you have already been given all of the tools and talents you need so that you can make that dream your dream business. You are simply meant to do what comes naturally to you.

2. Developing a Solid Business Plan: From Idea to Execution

The reason this is the primary focus in developing one’s business plan prior to developing a business model is simple. If your business model covers the three basic aspects, you can cut and paste everything from your business model into your business plan. In addition, there is only limited space in the business model that will make up additional profits that will first come from economies of scale. The only additional revenue will be gains made from increase of market share. Both of these things come as a result of market research. One of the most common misconceptions about any model is that the model itself is not very good, but the research is typically sound. The best ideas will befriend the model, combined with a clear understanding of the business concept that allows the researcher to draw most effectively from the data. Keep this focus in mind to effectively develop both your business model and business plan.

The business plan is an extension of the business model. The business model is a simplified version of the business plan. Essentially, a business model is a one- to two-page document that simplifies the content of one’s business plan. When you know what the business model is likely to look like, as well as understanding the basic inner workings of the organization, a solid business plan can be outlined. Your determinant factors at this very basic level should center around whether the organization covers the three basic aspects of a business: understanding of the market, understanding of the product or service offered, and understanding the economic engine that allows the organization to make money. It is easy to become too attached to a product or service that an organization may produce. You must be willing to face the facts. If you cannot figure out how your organization is going to be able to return profits to an investor, you don’t have a business yet; you have a hobby.

3. Building a Strong Brand Identity: Creating a Lasting Impression

Once you have chosen the name of your business, you must make it work for you. The business name must signify meaning that creates an emotional connection with the target audience that you have identified as consumers who can benefit from your dream business, as well as easily defining and stating what your dream business is and does so. This is the only opportunity to forge a good first impression. If you start a business with a poorly constructed and inappropriate business name, you will not only needlessly waste time and resources and suffer the disrespect your brand experiences, but also the loss of money, resources, and exertion of all you have strived to accomplish. Choose wisely and well in order to infuse your dreams and inspire those of your clients.

To distinguish itself in the marketplace, a business must take the time to build its brand. In order to create a strong brand identity that would help to build and expand your dream business, you must first understand who your customers are. Next, you must sort out the most effective marketing options out there. Then, you can take those marketing options and begin to properly brand your business so that people will find you individual, trustworthy and dependable. The name you select that will represent your specific business will be used everywhere, including legal documents, letterhead, business cards, marketing materials, and so on. Your business name must portray the meaning of the vision you aim to fulfill through driving your clients’ dreams.

4. Effective Marketing Strategies: Reaching Your Target Audience

All other forms of marketing require cash to ensure it is effective. Social media allows for effective marketing to your target audience with no upfront cost, which won’t undermine your profits or stall the growth and development of your dream business. Also, ensure all your family and friends are marketing for you to their friends. When planning your marketing strategy, you should first of all do your research to determine who your target audience is. This is more than just age, gender, etc. It is about identifying the way in which your products are likely to attract your audience and ensuring this is catered for in your marketing strategy. You will also need to create a strong email campaign. Don’t let pride overcome you by thinking people will get annoyed with any form of spam you send them. If so, ensure you use an unsubscribe link in the footer of your emails.

This is no doubt one of the most important features of your dream business. Without an effective marketing plan and powerful strategies to implement your plan, you will not accomplish the level of success that you desire. If you are unable to sell your products or services, you will not receive the income necessary to reach or maintain your goals. You should never be ashamed to market for your products—you have bills to pay and reaching your goals should be the most important thing to you. A couple of the most effective ways to market your products include the use of flyers and the best of all, social media. Social media is certainly the cheapest marketing strategy that any dream business can take advantage of. Many years ago, the use of flyers was considered very effective, but over the years, many people no longer pay attention to them. Social media captures the attention of millions of people every day and most importantly, it is free.

5. Sustaining Success: Innovation and Adaptation in a Dynamic Market

There are a few questions that you need to ask yourself as you continue your journey with your dream business. Ask yourself if your business is still an accurate reflection of your personality, passions, and skills. Also, make sure that you have kept the business in balance and still retain the reasons for your original motivation in starting your dream business. Don’t let the business become all-consuming and still take time for the activities that originally motivated you to start the business. Success should also not be based solely on financial rewards. Keep personal goals outside of business in mind when you are setting individual and business goals, make sure you are doing something you love and have a passion for, that you have extra time to spend with family, friends, and your community, set aside time to learn new activities, and have time to relax, reflect, and recreate. Finally, you must constantly be on the lookout for ways to adapt and grow your business. This is very much an evolutionary process if done well and a revolutionary act if done poorly. With the pace of change increasing and customers’ level of knowledge and demands expanding, the wisdom and ability to know what to change and how to change is an advantage that will sustain your business for years to come.

Maintaining your dream business and being successful is hard work and can be something of an elusive target. On the one hand, you want your business to be successful and amass great rewards such as financial security, staff loyalty, recognition in your industry, and the respect and admiration from friends, family, and peers. On the other hand, success brings its own set of problems such as longer working hours, responsibility for staff livelihoods, meeting ever-escalating customer demands, responding to competitors, and keeping abreast of advancements in knowledge and equipment.