Tips and Advice for using SimVenture Essay Example

create sustainable demand. Patience, Thought and Adapting works

Don’t expect immediate results even if you feel you have done all your research, marketing, sales, product design and pricing correctly. Orders in business take time to filter through. A good way to check your business is to regularly undertake ‘Customer Research’ to see what people think of what you are offering. Adapt accordingly. Manage Money & Growth

When you attract sustainable demand, look to manage your costs and if necessary raise capital through the means provided. Be careful not to ‘overtrade’ because businesses that can’t manage increasing levels of demand can go bust. Look After Yourself

If you are working long hours each month, not paying yourself and/or making poor profits, you are much more likely to get tired and stressed (emoticon in the bottom right hand corner). This is one of the factors that causes inefficiency and adversely affects your business (Click ‘Efficiency’ on the Menu bar to see all issues that impact upon your ability to run a business well). Grow Your Business

Look to grow your business in line with demand by taking on employees, relocating and providing necessary training. Invest where necessary in new resources and contract out production and use consultant advice so that you are not overwhelmed by the needs of your own company.