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Business strategy
Factors that determine business success
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[QUOTE="Chibson, post: 211903, member: 27553"] [FONT=Times New Roman]The primary reason people venture into businesses is to make profit and become successful. Some people venture into businesses without having proper knowledge and understanding of how to run their businesses successfully and on the longer run, they fail. one of the major things that determines whether a business will be successful or not is the business plan. A very good business plan can go a very long way in giving you a clear roadmap of how your business should be in the nearest future. The fact that you have a very good business plan does not mean that your business will succeed because succeeding in business is more than having a very good business plan. There are many things you must put in place such as your financial stability and employing people that have proper business knowledge and understanding. like you have stated, motivation is also very important in running a successful business because when you are not motivated then you would see a no need in continuing to run your business especially when you encounter a lot of problems. People people who are motivated in business always have the mindset of becoming successful even though their business may be facing a lot of problems.[/FONT] [/QUOTE]
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