The #1 Asset of A Black Business

This is a very important point for Black Entrepreneurs to understand if you want to have a sustainable business.

Most business owners mistakenly think that the value of a business is its lease, its furniture and fixtures, its inventory, its financial statements. They don't understand that none of these things are worth much without customers.

The greatest asset a business can ever posses is a known list of satisfied, loyal customers.

Most of us run our businesses without a way to directly reach out to our past and present customers. This goes back to something I mentioned awhile back, we think the purpose of a customer is to sell a product when we should be thinking that the purpose of the product is to gain a customer.

Every business, every product line, every service organization, even if it is distance from the ultimate consumer by a chain distribution is still dependent on an actual consumer for its lasting success.

So when you consider not only your immediate short term needs, but also your long-term hopes, in that process very carefully consider the value of the customer or the client.

That is where the true value and your success lie.

As you establish marketing objectives and strategies for your business I urge you to carefully consider the value of the customer.

In the we'll need to talk about determining the value of a customer and a few Marketing ideas.

But we need to keep the value of the customer in mind as we consider all of these other ideas.

Bedford is founder of How To Be A Black Entrepreneur.com You can receive his FREE ebook 'How To Be A Black Entrepreneur In The Information Age' by subscribing at http://www.howtobeablackentrepreneur.com

Source: www.articlesbase.com