Starting a Service-based Business? Read These 4 Keys to Success

A service-based business offers services to people without selling tangible products. Think about salons, laundry services, wedding photographers, house cleaners, car repair companies and coaching service providers – they all are service-based businesses that help people get their stuff done. Starting these types of businesses usually costs less but there are a few challenges unique to this type of venture. If you’re reading this article, we can assume you are either planning to sell a unique service to people or you have already started your small business. So, whatever your idea is or business is about, here are the four keys to become a successful service provider in your industry.

Find Your Niche: Enter an industry that you’re familiar with and offer services that you would use yourself. You must be an expert of that field. If you’re passionate about something, selling might be easier for you. Are you offering what people want? What aspect of your business will make it appealing to customers? To get the answers to these questions, you need to focus on buyer person as, how you’re going to solve their problems, research your competitors in the market and identify interesting ways to attract customers.

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Set The Pricing Right: You are here to sell your time and expertise, so you need to choose the right pricing strategy. Price your services too high, and you can never win over your competitors. Price them too low, and you will never be able to turn your business into a successful company. Choose a striking balance between competitive rates and charging your customers for your time and service. The simplest way businesses can charge is by the hour. Your second option is to offer package services and charge a flat fee for a combination of services. You can also go with the combination pricing option and offer your services at an hourly rate and as part of a package.

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Learn to Manage Your Finances: A service business has lower overhead costs but that doesn’t mean you won’t have to have to take care of your finances. Keep track of all of your small business expenses, such as costs of buying new equipment or tools, payment to your vendors and employees and monthly rent if you are running your business from a shop. Create a cash flow budget, make financial projections, keep your payables up-to-date and track the credit you are extending to your customers.

Get Professional Help: Everyone needs help, especially small business owners and aspiring entrepreneurs. Sometimes, it pays off to consult a small business mentor. Getting the right advice can be the difference between your success and failure. Seek professional advice from a business mentor to determine how to manage your business, know where it is heading and create an action plan for growth. Arrange one to one session with a professional small business mentoring service provider so as to get clarity about your business and create a strategic plan to take it to the next level.

Starting a service-based small business is cheap but it needs right skills, knowledge and professional guidance. When you find your niche, choose the right pricing, track your finances and get advice from a small business mentor, then you’ll be able to focus on the most important thing about your business: selling your service and making happy clients. So don’t wait, contact a small business mentoring service provider today to find new ways of selling your services and make your dream a profitable project.

Best MBBS Course in Durgapur, West Bengal

MBBS MD & MS Course :

These postgraduate programs allow medical graduates to specialize in specific fields. The MD program focuses on non-surgical specialties, while the MS program is for surgical training. Admission is through the NEET-PG exam. EICS assists Career consultants in top private medical colleges in Durgapur, West Bengal.

BDS :
The BDS course is a five-year program, including a one-year internship, for those pursuing a career in dentistry. Admission to BDS programs in India’s top private colleges, Durgapur, is also through the NEET exam. EICS offers guidance on NEET preparation, understanding the curriculum, and navigating the admission process.

EICS aims to simplify the complex admission processes, helping students achieve their medical career aspirations in India’s top private colleges.

Holism versus reductionism in healthcare and Athletics Gear Manufacturing Industry

This paper discusses holism and reductionism in health care and athletics gear industries.

Healthcare industry
The primary concept of holism is that its proponents have a common belief that things are better understood in their wholeness rather than when broken into component parts (Freeman, 2005). The body functions as a complete unit. It’s thus not possible to trigger a cell without triggering the whole body. This same concept, when applied to the healthcare industry, could mean that all aspects of healthcare provision are considered more realistic and more gratifying when what is under consideration is treated in its original state rather than in parts. For instance, if a person diagnosed with a certain illness is admitted to a healthcare facility, he is considered wholly in need of medication. In any case, the pain or agony in a particular part of the body affects the whole body (Freeman, 2005). When medication is applied, its carried in the blood to heal the place in pain though this affects the whole body. It’s thus not possible to isolate any part of the human body no matter whether it’s the part/organ most affected by the ailment. When a person suffers mental delusion, the whole body is affected. If he suffers stomach upsets, the whole body is considered sick or unhealthy.

There is one thing that comes out from the above consideration; that healthcare service provision is a large enterprise requiring many and different health care providers including pharmacists, psychologists, dentists, opticians, etc. who are closely interdependent. Their system of work is so much intertwined that if one breaks out of the system, it may crash. If sufficient healthcare is to be accorded to patients, then these departments have to work as a whole and interdependently rather than separately (Ahn et al., 2006)

Reductionism is, however, the complete diversion from holism. For reductionists, the parts are crucial if the whole is to be understood. In the healthcare context, reductionists believe that the patient has to be studied more aggressively though analyzing the organs affected rather than the whole body (Ahn et al., 2006) For them, the symptoms alone cannot be used by a physician to know what really the patient suffers. When a patient is admitted, each organ reported to bring about his/her suffering is looked into independently. Smaller concepts of studying or researching what may be the cause of the problems in the various parts of the body are applied. More so, the medication for the differently affected parts of the body are given and prescribed separately (Ahn et al., 2006).

Athletics gear manufacturing industry
This industry deals with the manufacturing of athletics protective aids for athletes and related apparel. Such industries produce athletics goods such as sailboards, skates, exercise machines and other playground equipment. They also manufacture protective goods for athletes such h as helmets, athletics pads, snowshoes, shin guards among other protective gear.

Holism and reductionism apply in this industry in various dimensions. In the dimension of production, holism occurs in the notion that athletics gear industry is incomplete if it produces or manufactures a particular set of apparel. For instance, this industry must produce all focal goods required by athletes for it to be termed so. Reductionism would not coincide with that. For it, the industry may warrant the term ‘athletics gear manufacturing industry’ even if it produces one nature or line of the above goods (Freeman, 2005). The second area of consideration that may bring in the concept of holism and reductionism with respect to the industry is production process of the apparel. If the principles holism is considered, an all-inclusive design perspective is used. As such, the criteria for producing athletics apparel might be the same. The price determination criteria (Wu, 2012) for the same system of items (protective athletics items for instance) might be the same. More so, the raw materials might also be the same for a system of items so that similar items can match in many, if not all aspects. Holism as far as this industry is considered is a considerable notion that all things, methodology of their production and price processing are connected in such a mutual manner that none is stand-alone (Benci et al., 2003).

If reductionism concept is used, however, the contrary of the above among other things is possible. In reductionism, the manner of treating even a system of related goods in terms of pricing criteria, production process, branding and other levels of good handling might not be equal. Since reductionist believes every part of the system is a stand-alone facet, every unit of the production process in the manufacturing process of the athletics apparel will be treated independently. As such, every item that will be produced might possess different attributes from the other even though the same department produces the items. In that case, every item deserves its own handling since quality might not be the same. In short, reductionism when applied in any manufacturing industry or production process means that every bit of the process is independent of the preceding or succeeding stages.