AngelBiz commented on the following stories on BizSugar
Five Little Known Strategies That Can Save Your Startup A Lot Of Money
"Excellent tips. Start-ups working on shoestring budget need to look at every avenue to save money. I advise my clients to think about Eliminate -> Rent -> Share -> Optimize approach when they have to spend money on something. Eliminate the expense altogether if possible, else see if you can Rent instead of buy. If you have to buy see if you can share the expense with someone. If all else fails try to optimize its use to get the most bang for your buck."5 Practical Tips on Reducing Startup Failure Risks
"These are very good tips. I particularly like the #2. It always takes longer than expected and need more money than planned for start-up to be successful. I have to disagree with your last tip though. I believe you have to focus on products, first and foremost. If you build great products the customers will follow even without spending a lot on marketing. I agree that sales and marketing is important, but you cannot put it ahead of your products. "What to Do When Your Franchise Business Is Slow
"These are good tips. I particularly like the one about taking some time off, especially when you are working too hard. Stepping away and taking a fresh look at the situation can help uncover issues and find solutions. In addition to this you also need to do systematic triage of the business and understand what could be wrong. The problems could be coming from any of the areas - product, marketing, competition and so on. It is only by taking a critical look at the business and understanding the root cause will you be able to find solution and turn the ship around."Customer Retention, Whose Job Is It Anyway?
"You couldn't have put any better. Anyone who thinks only sales is responsible for making customers come back obviously hasn't talked to customers. I would also add that ultimately the responsibility lies with the management who decides the goals and agenda for all the departments you mentioned above. It also helps to put human touch in all the customer interactions. Anyone who has dealt with the myriad phone prompts when calling customer service can attest to this. "Why It Pays To Create Your Own Market
"Excellent point and very true. If you look at wildly successful companies that have lion's share of market you can see that they invented the market and continued innovating to prevent new entrants from gaining ground. Google in Search advertising, Apple in iPod and iPad and so on. The key is to not to rest after you have created the market. "Money Makes Entrepreneurs Stupid: 8 Essential Lessons on Growing a Business Without Money
"It is said that necessity is the mother of invention. When entrepreneurs have just sufficient funds to scrape by they can come up with some very ingenious ways to grow their business. the tips you have provided are very useful for any entrepreneurs who are trying to make it work with little money."7 Low Cost Marketing Strategies You Can Implement Right Away
"I always maintain that best marketing strategy should not cost much. In my view the best marketing is the word-of-mouth you get from your customers. You can make this easy by first of all providing great products or services that they want to rave about in front of their friends and families. Apple is the best example of how to do it. You can help those customers help you by providing them additi0nal avenues where they can do word-of-mouth virtually. Think blog, FB or Twitter."Growing a business
"Letting go of the tasks for someone else (i.e. delegation) is the biggest issues most business owners face when business is growing. Most entrepreneurs and small business owners have started on their own taking care of pretty much everything, however as business grows they have to learn to delegate and focus on more important, strategic things. Only those who can make this transition successfully will be able to move up. "Subscribe
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How to Manage Your Employees Effectively
"Finding and leveraging strength of your employees is one of the most important skills small business owners need to succeed. I have seen number of situations when a really skilled employee would waste his skills doing tasks that can be handled by someone with far inferior skills. You have to play to employees' skills and at the same time challenge them to stretch their limits."