Business Tips # 4

 

Observe, learn, test and repeat

As you go about your day, analyse the various businesses you interact with. Applying what you have observed at other businesses will help improve yours. Ask questions to yourself about other business. Seek answers and simply apply the idea of these answers to your business.

Observation: When we look at other business, it is easier for us to conclude whether they are right or wrong. Hence observation helps us gain knowledge about the market and competitor.

Learn: Through these observations, try to extract enough knowledge for your business.

Test: Observation is of no good when it’s not applied into your business. Relevant learning from these observations should be applied and tested.

Repeat: Constantly obtain advices through this process by repeating the process and help yourself through the work of other business.

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