Ephy
Active member
A successful business is one that is able to cater for its needs with ease and make considerable profits. Here are some of the causes of business success :-
1. Availability of credit facilities - this is because all its activities can operate well hence production is high or can be increased only if there is enough finance or adequate credit facilities.
2. Developed infrastructure - adequate and well developed infrastructure contribute to high levels of investment and satisfactory performance of businesses.
3. Skills and character - most businesses succeed because the entrepreneurs have the necessary skills to match the business requirement.
4. Government support - fewer taxes and licenses encourage entrepreneurs to run businesses.
5. Access to markets - availability of marketing information also enables the entrepreneurs to compare competition and supply of products in the market hence making informed decisions.
6. Access to skills and technology.
7. Aggressive marketing.
8. Financial management skills.
9. Entrepreneurial culture.
10. Evaluate business opportunity.
11. Right choice of business.
1. Availability of credit facilities - this is because all its activities can operate well hence production is high or can be increased only if there is enough finance or adequate credit facilities.
2. Developed infrastructure - adequate and well developed infrastructure contribute to high levels of investment and satisfactory performance of businesses.
3. Skills and character - most businesses succeed because the entrepreneurs have the necessary skills to match the business requirement.
4. Government support - fewer taxes and licenses encourage entrepreneurs to run businesses.
5. Access to markets - availability of marketing information also enables the entrepreneurs to compare competition and supply of products in the market hence making informed decisions.
6. Access to skills and technology.
7. Aggressive marketing.
8. Financial management skills.
9. Entrepreneurial culture.
10. Evaluate business opportunity.
11. Right choice of business.