Understanding Finance | Muhammadqodir Bahodirjonov | TEDxNamanganPS

Core Principles - Dreams should be written down with accurate data, not just kept in mind [4][7] - Services are crucial for business and life; understanding customer needs is key to building long-term relationships [8][9][11] - Taking risks is essential for achieving goals, but balance is important [25][30] Business Strategy - Focus on building long-term relationships with customers rather than just making immediate sales [11][12] - Understanding customers involves listening to their needs and adapting business plans accordingly [11][12] - Service means understanding the customer and providing what they need, even if it means directing them to competitors [23][24] Case Study: ML Project - The ML project increased visitors to 50,000 from around the world [6] - The project achieved recognition in Chinese media [5][6] - The workshop became the top tourist attraction in Central Asia [7] Risk Management - Balancing risk is crucial; avoid overextending resources without ensuring payment [28] - Taking calculated risks can lead to significant opportunities and customer loyalty [25][26] - The company supported a customer by providing funds for purchases from other vendors, demonstrating a customer-centric approach [23][24]