When building a business, many business owners focus too much on superficial aspects like viral marketing strategies or aesthetic logo designs. While marketing is true, there are many other business tips that are often overlooked.
Ignoring this is often the reason why a business that seems busy at first begins to lose its way and struggles to survive long-term. Understanding these unpopular but crucial business tips will give you a real competitive advantage.
It’s not just about how many products were sold today, but also about how the systems within a business work automatically to ensure business continuity. This article will thoroughly explore the hidden aspects of business management that are often overlooked in conventional business textbooks.
Important Business Tips to Know
Many business owners get caught up in a tedious operational routine, unaware that business efficiency begins with details that are rarely discussed. Things like the business owner’s mental health and the importance of documenting work processes are often overlooked.
In fact, that’s what determines whether a business can move up a level or stagnate. Here are some strategic business tips you should start paying attention to:
1. Separating Personal Identity from Business
Many entrepreneurs mix their personal lives with their business, from their emotions to their finances. Psychologically, when business is down, the owner feels like a personal failure.
Make sure to view your business as a separate entity. By separating these identities, you can make more objective and logical decisions without being influenced by volatile personal emotions.
2. Membangun SOP Bisnis Sejak Awal
Don’t wait for your business to grow to create SOPs. Document every step of the process, from greeting customers to packaging products. Clear SOPs allow your business to continue operating at the same quality even when you’re not there.
Without SOPs, businesses will always rely on physical presence. This is the biggest obstacle to expansion or scaling.
3. Managing “Burnout” as a Business Risk
Many business tips recommend working tirelessly, but few address the risks of extreme fatigue or burnout. As a business owner, you are your most valuable asset.
If you fail, your business will suffer. Learn to delegate tasks and schedule regular breaks. Business owners who are mentally and physically fit will be more adept at recognizing opportunities.
4. Conducting Supplier Relationship Audits
Don’t just focus on finding the lowest price, but also look for suppliers you can grow with. A good supplier relationship provides flexibility in the event of inventory issues or payment problems.
Try to conduct regular supplier audits to see if they still meet current quality standards. Having one primary supplier and one backup supplier is a vital but rarely implemented precautionary measure.
5. Memperhatikan “Customer Lifetime Value”
Many businesses focus solely on acquiring new customers, even though retaining existing ones is far cheaper and more profitable. Focus on Customer Lifetime Value, the total economic value a customer provides over their lifetime with the business.
Providing good after-sales service or a simple loyalty program is much more effective in keeping cash flow stable than constantly burning money on advertising to attract new people.
6. Pentingnya Dokumentasi Kegagalan
In business, mistakes are natural. However, repeated mistakes are detrimental. It’s rare for entrepreneurs to neatly document their failures.
By recording what didn’t work (for example, a failed promotion or a product that didn’t sell), you have a compass to avoid falling into the same trap in the future. Failure data is the best teacher for future innovation.
7. Monitoring Macroeconomic Trends
Even if your business is micro or small, macroeconomic developments like fuel price hikes, changes in tax regulations, or inflation trends will still impact customer purchasing power. Spending 15 minutes daily reading economic news will help you adjust your pricing and inventory strategy earlier than competitors who don’t monitor external conditions.
8. Focus on Margin, Not Just Turnover
Many entrepreneurs boast about hundreds of millions in revenue, but when calculated, their profit margins are slim or even losses due to soaring operational costs. Focus on profitability.
This business tip is simple: it is better to have a moderate turnover but with a healthy profit margin than a large turnover that is used up just to cover the costs of discounts and shipping.
9. Investment in Business Management Technology
Mengelola bisnis secara manual di era digital dapat menghambat pertumbuhan. Banyak pemilik usaha yang enggan mengeluarkan sedikit biaya untuk teknologi karena dianggap beban, padahal teknologi adalah investasi untuk penghematan waktu dan akurasi data. Memanfaatkan sistem digital memungkinkan melihat laporan bisnis secara transparan dan membuat keputusan berdasarkan data, bukan sekadar insting.
Build a More Professional Business with Labamu
After implementing the various business tips above, a concrete step you can take to improve your business’s professionalism is to adopt reliable cashier technology. Disorganized manual record-keeping is often a major obstacle to seeing the big picture of business health.
The Labamu cashier app offers a comprehensive solution to help businesses manage daily operations more easily and accurately. Through its POS (Point of Sales) feature, Labamu transforms the way customers transact, making them more modern and efficient.
By using Labamu POS Cashier, you can experience various benefits such as:
- Automatic transaction recording: Forget manual ledgers. All transactions are recorded systematically and neatly in one application.
- Laporan penjualan real-time: Kamu bisa memantau omzet dan keuntungan kapan saja dan di mana saja langsung dari ponsel.
- Manajemen stok terintegrasi: Setiap barang yang terjual akan otomatis memotong stok gudang, sehingga kamu terhindar dari risiko kehabisan stok di saat ramai.
- Ease of payment methods: Accept various types of payments ranging from cash to digital to increase customer convenience.
It’s time to switch to a more sophisticated system so you have more time to think about business development strategies. Ready to make your business more successful and professional? Don’t hesitate to register your business on Labamu!
