- Thread starter
- #21
Agree they're good at that advertising what they observed. It's very essential for the business owner to treat the customers well because they're the direct revenues. They're good partners to make a business grow fat.
How do you describe a business that is successful?
- Thread starter Starmix
- Start date
- Thread starter
- #23
A business is successful if it continues to operate despite the pandemic or despite the high cost of commodities. Those businesses that deal on buy and sell may find it hard to adjust their budget in purchasing which is why prices are getting higher. The business owner adds up the original prices to gain.
For me i believe a business that is successful is one that has a steady flow of traffic. Customers are coming on q regular basis. Then the profit should be more than the expenses. Another way to describe a successful business is one that have satisfied customers.
Any business that always offer exactly what their customers want will always have their customers patronizing them because they give them exactly what they require to buy.
- Thread starter
- #27
That is so true, satisfied customers keep coming back and that generates good revenue for the business. The business owner must always study or observe what the customers like.
Probably, every serious business venture prioritises what customers likes. Without knowing what customers like, the business may not succeed.
That is right but there are some businesses that may enjoy profit but after some period of time they will start declining. I have seen successful businesses dwindle and become less profitable in the long run.
- Thread starter
- #31
A successful business is empowering in it's goods productivity, workers morale, community responses as very satisfactory. They're indications that a business is successful. That's why business owners are trying hard to serve the best to customers.
Success is being measure by different mediums, they can be measured in how exponentially your wealtg grow, the growth of customers, expansion, these are major factors that need to be considered to be called successful
- Thread starter
- #33
That is right, business owners must give recognition to customers' loyalty, give credit to customers' perseverance, and foremost give them satisfaction with the services.. They are the source of the business revenue and high business turnover
Probably, any business venture that is interested in continuous success must always give recognition to their customers loyalty. Most of them even give discounts as a way of appreciating them.
- Thread starter
- #35
Most business operators give discounts through their mass " sales" up to 70%. Customers flock to the area and the business gets volume sales. The customers will be satisfied with that strategy. In fact, I am always waiting for my favorite mall's sales announcement.
This is one of the reality of any business owner because the only thing they are looking at all the time is having a steady growth rate in their business.
- Thread starter
- #37
A business that is successful could have high turnover and profitability. It could be expanded. The production is also improving. There will be new workers to hire. There will be new managers in every department.
- Thread starter
- #39
There are many indications actually and among them is salary increase. If it happens then the company has diversified his business leading to profitability, thus allowing the employees to share what they deserve and that's salary increase. It's one business indicator of success.
As long as a business keep making profit and high turnover on daily basis, I believe that it guarantees that the business is totally successful.