Causes of business success.

[Ephy]

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.

 

[Seyesystem]

I totally agree with the Op write up on the points stated out for a successful business.As a business owner Managing the business successfully is not that easy but hard work makes business to be successful. To become a successful business owner it's not easy you must work hard by meeting customers demand. Successful managers are effective and productive. They can lead,motivate, set goals, set examples as a leader and inspire others to achieve their best. To become a successful manager, you must possess habits that will allow you to accomplish your goals and bring out the best in others to achieve the organisational goals. Effective management of a business will definitely bring increase sales and sales will lead to increase in profit. It is always good to manage the business very which also includes the customers relationship with quality goods. It is always good to manage business very well especially monitoring the daily activities of the business and concentrate on quality products.

 

[Mataracy]

What makes business's success is also dedication and sacrifice
Sometimes you may have resources to start a business but no understanding about the business you about to do. You need to plan very well so that you can succeed in it. Facilities also needed that is like where you want to place your business is it marketable or not.
Marketing strategy you will use to catch the attention of the prospect must be solid.