To start a profitable business in modern conditions, you need to know some important points. The bottom line is that times have changed and now business starts differently than it did before. In the old days, it all started with the construction of a factory, if it was about production, or from the construction of retail space, if it was about trade.
How to start a profitable business
It was right to start a business like this in the old days, because there was a widespread shortage of goods and services. You build a factory, you produce anything, and it sells well. Continue reading
Advertising is the engine of trade. This statement has long been beyond doubt. The rule works almost 100%, applies to the promotion of almost all goods and services on the market. Of course, there are always exceptions, but it is safe to say that advertising methods of business promotion are the most effective. Some of them are practically free, others require material investments. Continue reading
The standard hiring procedure is to interview the candidate, sometimes taking place in several stages. Often, testing or other methods of identifying the level of knowledge and skills of the applicant for the position are also added to the interview.
All of us have ever been interviewed, and some of us may have hired employees ourselves. Usual recruitment procedures are quite clear and familiar to us. However, there are companies that have decided to go far beyond the typical interview and have implemented unusual, and sometimes strange, hiring procedures into their hiring system.
Larry O’Toole, head of the Gentle Giant trucking company, uses a special method of testing the endurance of new employees, and even participates in it himself. Continue reading