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Walton is a Bangladeshi conglomerate based in Gazipur, Bangladesh
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Do you want to be a successful business entrepreneur or salesperson?

Business is not economics, it is about creating good products or services. For which people will spend money. A product is a real form of value, and to successfully transmit value to a person must have a form that they are willing to pay for. A business can't survive without creating value, let's talk about some real values.

Value form # 1 (product)

Material items need to be created that people want, not what you want. The product must be produced at the lowest possible cost, and acceptable quality must be ensured. Then you have to sell it at a higher price than what it cost to make it.

Some of the real values ​​are ideal

Value Appearance # 2 (Service)

Helping or assisting someone in exchange for help with service work, then set a fee. In order to create value through service delivery, you must provide something that will benefit the user. To succeed in this endeavor, you must have the following: 1. Skilled or capable workforce, which is in demand by other people but they cannot or do not want to do it themselves. 2. We need to make sure that the service is of the highest quality. 3. To attract and retain buyers.

An excellent example of a service business is the salon business. Haircuts are not a commodity that you can buy off the shelf. The service here is continuous work, the hair stylist uses that work style to change your current hairstyle according to your wishes. Considering this a doctor, designer, consultant or a corporate trainer and so on are all service providers here.

Value form # 3 (partner assets)

We are not talking about business partners, we are talking about partner assets, partner assets are assets that can be used by immature people. Once you create partner assets, then charge your buyers for using them.

To build a successful partnership, you must 1. M must create a resource that people will want access to. An excellent example of a partner's wealth is that businesses such as gyms and fitness clubs, museums and amusement parks operate on the same system.

Forty trade milks, twenty exercise bikes, six sets of free weights and other useful but expensive equipment that lasts a long time and allows the members to use these equipment’s for a fitness club may be purchased by the members at their own expense. They have to pay a fee which is easy for a person. Because of the partner's wealth, many people have the opportunity to experience something that they do not have to spend a lot of money for, otherwise it would have been very expensive for them.

Value Form # 4 (Subscription)

The subscription program is to provide pre-determined benefits in running VOs in exchange for recurring fees. Cable and satellite television are big examples of fundraising programs. The company will provide you with television service for as long as you subscribe after signing up, the company does not have to call you monthly, to continue the service for the next month - the service will continue as long as subscription is paid, subscription off service. The fundraising program is an attractive silver lining of value. As long as you can keep your customers happy, you can plan financially with more certainty. A small amount will be deducted from your customers every month and a small amount will be added every month.

Value Form # 5 (Resale)

Resale is the acquisition of an asset from a wholesaler and then selling that asset to a retailer at a higher price. Being resold. Resellers are valuable because they help wholesalers sell products, so wholesalers don't have to look for buyers. For an apple farmer, selling apples to millions of people is as timeless as it is time consuming.

Value Form # 6 (Lease)

Acquire an asset. Allow another person to use that resource for a fixed period of time. Lease is related to assets. It allows a person to use a resource for a pre-determined period in exchange for money. These resources can be many things - cars, houses, cars, etc. You can lease the property for as long as you have it, such as renting it to another person and getting it back for use.

In order to provide value through leasing, you must own the assets that people want to use. Users can benefit from a lease because they have the opportunity to use an asset for much less than the purchase price.

You may not be able to afford a luxury car or a house, but you can rent a few thousand rupees a month to live in a luxurious house, or you can rent a car.

Value Form # 6 (Lease)

Acquire an asset. Allow another person to use that resource for a fixed period of time. Lease is related to assets. It allows a person to use a resource for a pre-determined period in exchange for money. These resources can be many things - cars, houses, cars, etc. You can lease the property for as long as you have it, such as renting it to another person and getting it back for use.

In order to provide value through leasing, you must own the assets that people want to use. Users can benefit from a lease because they have the opportunity to use an asset for much less than the purchase price.

You may not be able to afford a luxury car or a house, but you can rent a few thousand rupees a month to live in a luxurious house, or you can rent a car.

Value Form # 7 (Agency)

Sell an asset or service to a third party that you do not own, then accept a percentage of the transaction value as a fee. The agency is involved in marketing and selling an asset that is not yours. You will team up with someone who has value to offer without generating value yourself. Then work on finding a buyer, in exchange for a new relationship between your source and a buyer.

Value Form # 8 (Lend)

A specified amount of money. Then collect the money in installments over the pre-determined period which will be the time of the actual loan, at the same time accept the pre-determined interest money. An agreement relates to a loan, according to which the borrower can use the specified amount of assets for a specified period. In return, the lender will have to repay the principal amount of the loan on a regular basis at the pre-determined time, along with the interest amount.

Value Form # 9 (Insurance)

Insurance has a risk-to-risk relationship with buyers and sellers. The policyholder agrees to pay the policyholder in installments at a pre-determined rate in return for taking the risk of certain specified bad events. If bad things happen, the insurer is responsible for paying for them. If nothing like that happens, the insurer continues to receive the installment money. Insurance provides value to the buyer by protecting it from risk. For example, a home can be on fire from many angles, and most homeowners do not have enough money to buy another new home, the risk is borne by the insurance company if the homeowner is insured. And if the house is destroyed by fire, the owner of the house will get compensation due to insurance and he will be able to buy a new house. And if that doesn't happen, the insurer will continue to receive premiums.

Value Form # 10 (Capital)

Capital is whether a business owns a stake in a company that has assets to distribute. Businesses benefit from capital investment, as it provides them with the resources they need to expand their business or enter new industries. Some industries, such as manufacturing and financial services, require large sums of money to start or expand a business. By accepting investors to move forward quickly, traders can ensure adequate funding.

Author: Md. Fakruddin Asif

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