Does Every Successful Business have Something in common

Jasz

VIP Contributor
Every successful business has an underlying theme that unifies the products and services they provide to their customers. We've identified 4 thematic foundations that every successful business uses. Every successful business has a foundational mission, which is the reason the business exists in the first place. Every successful business has a foundational purpose, which is the reason people come to work each day.

Every successful business has a foundational culture, which is the reason people feel good about working there. Every successful business has a foundational language, which is the way people communicate about what makes their company special and why it's important to them. (examples: We believe in you, empowering your employees).
 

Setho

VIP Contributor
Irrelevant words repetition
If you are going to consider the world richest people including Jeff bezos and Elon musk , then you can be able to identify that all of them are creating different products or investing in different kind of things . There is no way everybody is going to be running their business in the same way but then there are still some peculiarities that you can be able to observe from top businesses around the world and that has made them to become successful.

1. Problem solving . The importance in about every successful businesses that they always have that particular idea that has the possibility of solving the unique problems of a lot of people . This usually makes them to top the market without any form of compensation whatsoever .

2. Good customer service . Companies that are usually ranking of millions of dollars in revenue usually have a very good customer service system and an effective feedback system . This is because they believe that the customers are the most important part of the business and they are supposed to be kept happy at all times .
Good businesses are also known to have effective marketing strategies and you knowing how to give back to the community.
 

Lens1000

VIP Contributor
The trade is very interesting and it is also very educative indeed. Every successful business has logics and tricks that are very common. Most of the tricks and logic that are used by the businesses that are successful mostly based on customer satisfaction. The truth is that the customer and consumer of your product and if you treat them well it is very possible that you make something very reasonable for yourself in your line of business. If you do otherwise it could be very detrimental to your business status. This is the more reason why you need to take into cognisance the end-user of your products and services. Aside this, a good business plan is also very instrumental to the success of any business. Very good business plan the sky is your limit and you will go places. This is the major reason why in any business that is to be established you will need to have a very good business plan in place. If a business fail to plan the business will definitely crash in no time. This is the reason why expert in business would always stress the point on good business plan. all businesses should take note of this.
 

TOZZIBLINKZ

VIP Contributor
Human beings have different ways and strategies in order to accomplish and achieve a particular thing . Same is also applied to a business organisation in the sense that business owners handling and managing various business organisations do have different ways to get business goals and objectives to be achieved and accomplished . But no matter what ways or strategies they follow there is absolutely one thing that is very outstanding and also very mandatory for every business owner to do so that his business could be very successful . That mandatory act is the ability to make good and accurate business decisions .

To be very sincere and honest and also to be very more elaborate making business decisions is absolutely the lifeblood of which a business could be successful . A successful business cannot do without the making of correct inaccurate business decisions by its business owners or managers . Business decisions are usually finalized as a result of what was recorded in the business books of accounts . Now we must understand that it is absolutely a different thing for us to practice the business act of bookkeeping and also it is something else for us to analyse and examine our business books of account . It is absolutely mandatory that you as a business owner and allies and also critically examine the business books on account so as to be able to make proper and accurate business decisions that will positively affect your business in a positively long lasting effective ways .
 

Bookwormlux

Valued Contributor
Successful business owners have something in common , and that is nothing more than the sense of self discipline which is needed for anybody who wants to really become successful in business .

There are a lot of people out there who want to become successful in business what they do not want to endorse this sense of self discipline , and that is a major thing that is holding them from being able to make good exploits as they ordinarily should have been able to do .

One thing is that people who are successful in business also have a good experience of that particular business, and they do not just started the business based on trial and error hoping to make good profit.


This is actually the mistake that a lot of people go and they usually complain about not being able to succeed in business .

The fact is that for anybody to be able to succeed in business, you have to behave like people who are successful in business.

Another thing about successful business owners is due to the fact that , they are able to relate with other people who are successful in business and by doing this the wrong minds together to get things done .
 
E

eldavis

Guest
Every successful business owners are problem solvers. These days people are willing to pay any amount to anyone as long as they are able to offer a solution to their problems. Another thing successful business owners have in common is that they have a business plan. Every successful business must have a business plan. The business plan can also be seen as the map of the business, this is where every set taken by the business is stated even before taking it. It is more like a guild line for the business.
 

blessingc

Active member
Business owners have their different strategies that work for them and make their businesses stand out. Nevertheless, there's something successful business have in common, they certainly keep some business principles that has help their businesses become what they are today.

Every successful business owner has a plan and a goal they wish to achieve over the years of their business. Having a business plan, mostly the written one helps guide a business owner when he faces challenges in business.

One of those is having a corporative team, a good work force, a set of workers who adhere to the set principles of business and have a good communication system they use to interact and take their work effective, they do their job with dedication, discipline, and integrity.

They make sure to devise ways to attract customers and keep a good relationship with them, they give out discounts to them too.

They have a good and strategic location that has the eyes of customers and investors, they have a secured environment where people come to do business without the fear of being robbed or any other criminal activities going on.

The business owner encourages his workers with incentives, and pay them their dues at the right time to encourage them to do more.
 

Rachael

Verified member
Well, this might be based on a personal opinion and not necessarily some sort of generalization. I think there is a common phenomenon most successful businesses have in common and this is, insight, creativity and innovative ideas. Go around and make findings, you would agree that there are things successful business owners engage in which unsuccessful business owners are not doing right. Some people are so ignorant and bring in luck or fate in a business forgetting that our fate is in our own hands and the way we play ur cards would determine whether we win or loose.


There is a relative who sells retail clothes and female accessories but one big mistake or bad habit she has towards the business is that, at each profit she makes, she uses it to gamble in a sport betting platform and at each of the stake, she looses out. I had tried to caution her although we have a big age gap difference yet she has been addicted to this and it led to the decline of her business early this year. No business owner who has an objective of seeing his business sustainable would thread in such risk no matter the urge to place a bait.
 

btaliat

VIP Contributor
There is tendency that business owners may have the same thing in common but it doesn't necessarily mean that they must have the same thing in common. There are different routes to success, the only thing that commnalise them is just the fact that they aim at success.

However, they may share the same ideologies. Which may include the following.

Hardwork: it is not a lie that business owners do work harder. Hardly you will see the richest people around the world without being hardworking. They always work their ways to success. They do believe that success doesn't come just so easy. So they need to work harder in order to make the success.

Initiative and innovation: there must be uniqueness if you want to be rich. You must not be doing what others are doing. At least be flying while others are running. You must have the ability to think ahead others. Elon was so quick to think of electric cars, Zuckerberg always believed that there should be a platoform to meet old friends. The rich think outside the box.

Persistence: one may have thought Facebook would fade away amidst competition. It was the era eskimi, 2go and even WhatsApp were there to compete with Facebook. But Mark took his time and endurance until he survived the stiff competition.
 

Sotherefore

VIP Contributor
They may have so many things in common like musician because they really have something to offer and people are very much interested in you base on what you offer. People who invented the social media obviously they have something reasonable to offer because their invention has changed the lives of so many people some positively and some negatively but yet they are still making money with it.

Anyone that is just interested in this life to achieve whatever they need should not in most cases follow all these people we have been seeing around on social media , but we should look forward to achieve whatever we are interested only because that is the most important thing.

For me I want to focus on my own and try as much as possible to dedicate myself to what achievement what I need with every form of seriousness. I don't need any form of distraction from anyone. Well it's not generally easy but people that are just interested to achieve whatever they need have to take up the responsibilities because if you fail to take it up , you will definitely regret it in the future which is something I do not want.
 

Augusta

VIP Contributor
Businesses come with their different foundations and I believe that's how it should be, because for your business to stand out you would need to have some uniqueness to attract the right customers or clients.

For a business to be unique then the mission statement must be followed, this is why I don't like the idea of wanting to be like the other person because you would just be copying their selling or marketing strategies and nothing different in your business. The truth is that businesses should always dare to he different. With time people would come to understand and appreciate your own style and might even copy it too.

This is why people that have business should keep at what they had as the purpose of the business, yes it might not have worked at the beginning but with time it will pick up so the whole purpose of the business wouldn't be defeated

Same with the language that was stated to be used with the business,that should be used for a long time and let the buyers and the customers get used to the language as the foundation of the business. Just like the musicians a lot of them have their slangs that you can associate their music with that is a kind of identification.
 

IsaacWalters

New member
I think so. Every job requires skills and experience to get the best work results. Whoever has more experience and more opportunities will outperform the competition
 

King bell

VIP Contributor
There's no one answer to this question, as every successful business is different. However, there are some things that many successful businesses have in common. For example, most successful businesses have a clear vision and mission. They know what they want to achieve, and they have a plan for how to get there. They also understand the importance of marketing and customer service, and they invest time and resources into these areas. Finally, most successful businesses are always learning and evolving, constantly seeking out new ways to improve. So if you're looking to start a successful business, keep these things in mind. Vision, marketing, customer service, and continual learning are all key ingredients for success.
 
Top