3 Pillars of Business That You Need to Understand to Succeed!
Happy Sunday! welcome back to SUNDAYS & BUSINESS, This week featuring Jacob I. Oberlander, CPA from Oberlander & Co with 3 Pillars of Business That You Need to Understand to Succeed!
Sales & Marketing
Responsible for driving the revenue. From creating a marketing strategy to making sales, all through closing the deal. If you fail to bring in fresh leads and don't obtain new customers, there is no business!
Operations & Fulfillment
What you do for your customers/clients. This is the arm of your business that delivers your promises hiring, purchasing, software, etc. Suppose your operations are in shambles, you are not delivering on your promises in a timely, qualitative, and satisfactory manner. Your customer won't work with you again.
Finance & Accounting
Finance is the fuel that ensures that your business runs and that your business model is viable and sustainable, including setting the right price, profitability, and cash-flow projection and a written plan for growth. This is the part of your business that handles your books, and helps you with taxes and other legal compliance issues.