What determines the success of a business ?
- Thread starter Knowledge Quest
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Maybe your country doesn't allow Paypal accounts, Paypal was also blocked by the government of our country, but because many protested the block was reopened. I don't know why they blocked Paypal.
Business success is determined by various factors, but the foundation is the achievement of set goals and the ability to ensure sustainable growth and profit. Elements of success include effective management, competitiveness in the market, satisfaction of customer needs, innovation, attracting talented employees and building sustainable relationships with partners. In addition, success can be defined by ethical standards, contribution to the development of society and creating a positive impact on the surrounding environment.
There are many factors to consider that will; make the success of any business.But generally everything revolves around three critical areas which are product or services,sales and marketing and lastly admin and finance.Once there is a balance on those three critical areas then a lot of things will fall into place because reliance on a standard manual is a total scam as the business may encounter internal and external shocks.
Customers may not be always right in real, it is just because we want to please them that always make us think they are always right and that's for them not to go to other places, some customers may become too demanding just because you are making efforts to please them.
Well money is indeed needed to make the business a much better success but to be sure is the way you plan your business your follow through of the business would determine your success in the business and not the other way round just depending on money alone.
Making a business profitable is not easy and requires a lot of work. When making your business profitable, you do a lot of things you don't like. I saw a video on why you should focus on your studies if you want to do something like create a business. It's because you don't like studying; you'd rather party, and when you do things that you don't like, you biuld the consistency that is required for a business.
This is the reason why any business owner who really won the success of his business will take his customers very seriously because they are the ones that are going to give your business profit.
Well, you are right about this, we need to look for ways to sustain our business and that's by making profit. There are times we should not yet satisfying customers at the expense of our growth and that's because they will always demand more.
yup there can be truly a lot of factors why bussines fails that is why before thinking about your own bussiness you should have a lot of knowlage and how to handle situations like these
The only reason why I am going to be moving from one company to another is when I am being paid something better and that is the reason why I am working.
Whenever your customers are satisfied with your business product and services they will always keep patronizing you and that will keep improving your profit making.
The success of a business is determined largely by the reception of the products of the business in the market.
