10 business management tips for MEIs and how to really grow

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Every individual micro-entrepreneur dreams of having business management that ensures that their business grows and appears in the market in which it operates.

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You may be skilled and experienced in your industry, but if you don't know how to manage your business, you may go bankrupt in no time and not have the strength to get back on your feet.

One of the biggest mistakes that MEIs make is to focus only on the company as a dream and execution, without taking into account the planning and even bureaucratic processes involved.

To help small entrepreneurs who are focused on their businesses but don't know how to grow and advance, we have prepared 10 business management tips that will give them the boost they need to achieve success. Check them out.


Business management: What is MEI?
MEI is the acronym for Microempreendedor Individual , a business modality that regulates self-employment, granting a CNPJ and the possibility of working with the obligations of a legal entity.

The idea of ​​MEI is to facilitate the inclusion of micro entrepreneurs moj database who work alone or with up to 1 employee, to have a CPNJ and operate as a company. MEI was created in 2008 from Simples Nacional.

The Simples Nacional category - Simplified Taxation System , is a regime that gives micro, small and medium-sized legal entities the possibility of creating and developing companies with lower costs and charges.

Simples was created in 1996 and has already facilitated the creation and growth of countless companies in the country.


In the specific case of MEI, the person needs to register on the entrepreneur portal and comply with the requirements, such as the professional area listed among the 466 professional activities.

From then on, the entrepreneur must pay monthly taxes relating to the type of service offered: commerce and services, commerce and industry or services.

The values ​​are affordable and entitle the MEI to the basic INSS contribution, that is, the right to retirement due to age and disability, survivor's pension, maternity benefit and sickness benefit.

In addition to these benefits determined by law, the MEI turns the small entrepreneur into a legal entity, giving their brand more professionalism and attracting more business and customers.

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For this reason, it is so important for entrepreneurs to know how to manage their company's business, in order to grow with wisdom and quality.

10 business management tips for the success of your venture
Managing a small business is essential from the beginning to achieve success and increase profits.

Check out the following 10 tips that every individual microentrepreneur needs to follow to ensure the growth and prosperity of their business:

Have a solid business plan
Start with a detailed plan of what you want your business to be, including goals, the right marketing strategies, careful competitor analysis, and financial projections.


The business plan is a fundamental document that every growing company needs to have, as it helps define strategies, analyze market metrics and when it is necessary to change focus in order to grow.

Know your customers and competitors well
Understand your customers' needs, preferences and observe purchasing behaviors to offer relevant products and services.

Also analyze your competitors, see what they offer that sets them apart and try to be more competitive in terms of price and quality.

Make financial control
Keep accurate financial records and ensure business management includes consistent cash flow with defined expenses and income.


Beware of unnecessary expenses that go beyond the normal. It is important to remember that when starting out in business, savings are what will determine whether you have everything you need to be successful.

Invest in Digital Marketing
Digital Marketing today is one of the biggest and best arms of a small business when it comes to growth.

Through organic or even paid growth, investing in online advertising through social media and email marketing reaches your target audience more effectively.

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Customer Service is King!
Whether physical or digital, your company needs to have robust, easy-to-access customer service channels that offer quality service when customers need it.


Offer fast, easy-to-access service with professionals who know how to build customer loyalty and ensure satisfaction.

Investment in Technology
Technology is another vital aspect of today's businesses. Today, any business can be started and managed using a mobile phone, because with the right apps, it is possible to ensure that the business runs smoothly.

As your business takes shape and grows, it is time to invest in more powerful computers, innovative machines and advance technology for your business.

Manage your inventory
Business management also includes inventory management , as it is through inventory that the company sells products.


Without products and diversification, the company basically does not grow. That is why it is vital to optimize processes and even automate them to ensure that there are no errors or shortages when each product arrives and leaves.

Networking
Networking is essential to maintain contact with customers, suppliers and obtain better products, services, prices and growth.

To do this, participate in events, groups and associations that help expand your network of contacts.

Emergency Reserve
Keep a financial reserve to deal with unforeseen events, and in a company they happen and not just infrequently.


MEIs know that they need to have security to ensure that if crises occur, the business will not collapse.

Continuous Training
Always be up to date with market trends, techniques and innovations in your niche and to do this, a lot of effort and study is required.

To help you with this, take the Business Management course . In it, you will learn how to manage your company or start one the right way and have a better chance of success.