Octolo Business Ideas » Economics http://www.octolo.com Business, Finance and Investing Mon, 21 Dec 2009 13:25:09 +0000 http://wordpress.org/?v=2.8 en hourly 1 Tradition in Business http://www.octolo.com/general-business/tradition-in-business/ http://www.octolo.com/general-business/tradition-in-business/#comments Fri, 20 Feb 2009 11:35:00 +0000 admin http://www.octolo.com/?p=9 Running a business is a very challenging task; one has to be equipped with a bottomless think tank, impeccable judgment as well as great foresight. You have to be able to tell what things your buying public will feel like spending their money on in the days and weeks to come, how they will react to changes in the economy or how the cost of production would change in the future.

But what if your business thrives on the tradition you have built? What if the loyalty of your clientele depends on how you keep with the running traditions of your business? This should not stop you from looking forward and keeping up with the times. However, you need to be careful of the things you choose to change.

Take for instance, a quaint ‘neighborhood’ restaurant. The locals are its regular customers and most of them have gotten used to the cozy atmosphere and the personal touch in the service provided. There are times when the clientele need not peruse through the menu because they have it nearly memorized. Acceptable changes could be made in the physical set-up of the restaurant but the place should remain homey and welcoming. The menu and the cooking style should be preserved because this is what gives the place its identity.

Stick only to the changes that will improve the service you provide and do not make changes that are too drastic or too obvious.

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