Book Re-Work: Step-4

Published: 2010 & Pages: 280

10x Step Learning

Step-4
Size of the Business?

As Google, Microsoft, and Samsung etc. have become everyday names – Being big is taken for granted to be successful. Being big may have its own benefits. But you must enjoy the advantages of being small. What you need to remember is; we’re running a business. Some small startups dream of becoming really big and famous, but being big doesn’t always mean you’re better. Think of elite schools like Harvard and Cambridge. They don’t try to open campuses all over the world and teach hundreds of thousands of students each year. They’re okay with being the size they are, and you should be too.

Being small has its benefits. It means you can try out new things without everyone watching if you mess up. Just like Broadway musicals start in smaller cities before going to New York, you can use your small size to test different ideas when you’re just starting out. Being small also lets your whole team work closely with customers and hear what they need and think. If you have too many layers of management, it can slow things down. When everyone is focused on making customers happy, you can fix problems quickly, which is important for good customer service.

But being small doesn’t mean you can forget that you’re running a business. Some startups spend money without thinking about making a profit. Those companies aren’t really businesses; they’re more like fancy hobbies. If you want to build a successful business, you need to have a plan to make money from the very beginning.

بسم اللہ الرحمان الرحیم،
اور چھوٹے بزنس کے اپنے بیشمار فائدے ہیں، بس اتنا یاد رکھیں، بزنس جتنا مرضی چھوٹا ہو، اسے ایک بزنس کی طرح ہی چلائیں۔ ہمارے اکثر بزنس کو بہت بڑا بزنس بننے کی بہت جلدی ہوتی ہے، لیکن وہ یہ بھول جاتے ہیں کہ بڑا ہونے کامطلب بہتر ہونا بالکل بھی نہیں ہوتا۔ سوچیں ذرا، بہت بڑے تعلیمی ادارے جیسے ہارورڈ اور کیمبرج کو اپنے کیمپس جگہ جگہ کھولنے کی کوئِ جلدی بالکل بھی نہیں ہے۔اور اگر اتنے بڑے نام کے ادارے اپنے سائز کیساتھ خوش ہیں تو آپ کو بھی ہونا چاہئے۔
چھوٹے بزنس کے اپنے فائدے ہیں، جیسے آپ بہت سارے نئے تجربے آسانی سے کر سکتے ہیں۔ جیسے ایک چھوٹی کمپنی براڈوے میوزیکل نے اپنا کام چھوٹے شہروں سے شروع کیا، اور بہت سارے تجربے کرنے کے بعد وہ اپنا بزنس لے کر نیویارک گَیے اور کامیاب ہوگئے۔چھوٹے بزنس میں کسٹمرز کے ساتھ رابطہ اور انکی بات کو سننا آسان ہے۔جب آپ کے بزنس کا سائز بڑا ہو جاتا ہے، تو آپ کسٹمرز سے دور ہو جاتے ہیں۔ مینجمنٹ کی وجہ سے کمپنی کاسائز بڑا اور کام کی رفتار کم ہو جاتی ہے۔ چھوٹے سائز میں چیزیں ٹھیک کرنا بہت آسان ہوتا ہے۔
لیکن یاد یہ رکھنا ہے کہ بزنس چاہے جتنا مرضی چھوٹا ہو جاےَ، یاد یہ رکھیں بزنس کو بزنس ہی سمجھیں۔ اگر سٹارٹ اپ بھی ہے تو ہمیشہ منافع کے لئے کام کریں۔ اگر کوئی بزنس یہ کہے کہ اسے پرافٹ بنانا ہی نہیں-تو وہ ایک فینسی کلب تو ہوسکتا ہے بزنس نہیں ہو سکتا۔ اگر آپ نے کامیاب بزنس کرنا ہے تو شروع سے ہی منافع بنانے کا پلان بزنس پلان کا حصہ بنانا ضروری ہے۔

10x Short Questions

1. What are some advantages of being a small business?

Trying new things without the world watching if you mess up and working closely with customers.

2. Do small startups need to dream of becoming really big and famous?

Not necessarily, as being big doesn’t always mean you’re better.

3. Why is it compared to elite schools like Harvard and Cambridge?

   Because these famous names are BIG names, but they are not expanding their campuses all over the world.  

4. How can small size be an advantage for startups?

It allows them to test different ideas and work closely with customers.

5. What can too many layers of management do to a business?

Slow things down.

6. Why is quickly fixing problems important for good customer service?

It ensures customer satisfaction.

7. Can startups spend money without thinking about making a profit?

No, if they want to build a successful business, they need a plan to make money from the beginning.

8. What is the risk of not having a profit plan for your startup?

It might become more like a fancy hobby than a real business.

9. What's the key takeaway about being small and running a business?

Enjoy the benefits of being small, but remember to have a plan for making a profit.

10. What does the paragraph suggest about the relationship between size and success in business?

Success is not solely about size; small businesses can thrive with the right approach.

10x Short Questions

0

Book Summary Test -4 (QM)

Book Re-Work test -4 (QM)

The number of attempts remaining is 100

1 / 10

1. Whats the key takeaway about being small and running a business?

2 / 10

2. Why is it compared to elite schools like Harvard and Cambridge?

3 / 10

3. What is the risk of not having a profit plan for your startup?

4 / 10

4. How can small size be an advantage for startups?

5 / 10

5. What are some advantages of being a small business?

6 / 10

6. What can too many layers of management do to a business?

7 / 10

7. Can startups spend money without thinking about making a profit?

8 / 10

8. Do small startups need to dream of becoming really big and famous?

9 / 10

9. What does the paragraph suggest about the relationship between size and
success in business?

10 / 10

10. Why is quickly fixing problems important for good customer service?

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