Do you wonder what the reason for existence of a business is? Do businesses exist solely because of profit? Henry Ford, who was the founder of Ford Motor Company and the captain of industry and business magnate, once shared, “Business must be run at a profit, or else it will die. But when anyone tries to run a business solely for profit… then the business must die as well, for it no longer has a reason for existence.”
With Henry Ford’s statement, we can say that the reason for the existence of any business must be more valuable than mere money. If your business’ focus is just to make money alone, then a change of your perspective is a must to do. Money might be considered as a gasoline that will run your business, but it should never be the reason why your business exists in the first place or else it will fail.
Businesses are nothing without customers. These people are the main and real reason for every business’ existence. We might not totally see it but every product and service revolve around their wants and needs. The designs are created perfectly for their satisfaction. Without customers who will purchase the products and services a business is selling, the business will not have enough profit. Without these people who will support the business, there is no doubt it will fail.
One of the reasons why businesses need customers is that, these people can be their companies brand ambassadors. All businesses work very hard in order for their business to be known to their market. They are even willing to pay thousands of bucks for advertisement and models just for their business to earn the fame. Unfortunately, most businesses fail to realize the effective way to endorse their products, and that is through their present customers. Once these people have already brought the products and they liked it, the tendency is for the news to spread like fire. Their testimony will be shared to more and more people that your business is already becoming known to them.
This is the reason why it is crucial for any business to create a good relationship between the entreprenuers and their customers. How can one do that? One of the ways is by offering excellent customer service. Invest for something that can help you provide such service like a customer business application software. Keep in touch with your most trusted app developer and ask them to create a software that can perfectly compliment the needs of your customers. You can brain storm with them in order to know the latest trend in technology, which you can apply to your business.
Being stable in this field is tough. But building your business foundation in a firm ground can really help. You can do that by always putting your customers first. Show your gratitude and love towards them, and they will surely love you back. With this kind of relationship towards your customers, your business will surely be earning a lot.