Best ever business advice


Date: 2 June 2016

Best ever business advice - competition results revealed{{}}Our Donut readers are a canny bunch and they are always sharing their great business tips and advice with us. We have chosen our top three bits of advice from our followers.

Read on to hear what they had to say...

1. 'Asking questions will get you the performance you are after far more than dictating demands.' Tamar Telecom

Rory's comment:

This advice is spot on and is not heard often enough. Clients can give you brilliant insights into the market as a whole and what they really want themselves. Employees can give you insights into every aspect of your business. And suppliers can give you suggestions on how to get better value for money from them. A killer question is always “What would you do differently if you were me/us?”

2. 'Make time to work ON your business as well as working IN your business.' North Somerset Enterprise Agency

Rory's comment:

It is no coincidence that this snappy item of advice is a popular mantra: it is so true. Time and time again one sees businesses that spend the whole day every day lurching from one crisis to another. Plans and systems may sound dull, but they are a vital part of success. Likewise, it pays to make time regularly to go and talk to customers and other people who can give you good advice.

3. 'Don't undersell yourself. You want people to come to you for the best value, not for the best price!' Chris Toshi

Rory's comment:

Yes, people buy from people. The biggest selling point of any small business is usually YOU: your expertise, your enthusiasm, and the care you give to each and every customer. Buyers are prepared to pay the right price if they believe that you are the right person to buy from. If you cannot charge a sensible price, you are probably in the wrong market in the first place.

Thanks to all our Donut followers. We love to hear your brilliant tips and advice on Twitter.

For more pearls of wisdom, visit our Donut sites.

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