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Factors that determine business success.
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[QUOTE="Abigael, post: 220584, member: 25357"] Those are very important points you have mentioned about what makes a business successful. It all starts with it's planning. A business that is planned well is able to prosper more than a business that was not planned from the first place. Planning entails so many things like planning the amount of capital needed, the location, resources and even determining risks and their response plans. Another important factor when a business is already started and running is determination. A determined business person is one who ensure that they have business goals and targets and a plan on how and what time to achieve them. Patience is also a very important quality when running a business. You won't expect to start earning good profits just the first time you get into business. Sometimes you lag behind for a while while building a good customers. Also, dealing with business challenges requires patience and working with a clear mind. Another important aspect that leads to success in business is having great inspiration. This inspiration could come from reading books, watching videos or texts online. But it is much more important when you have an experienced mentor. The person can guide you well on what the business entails and what you should do. [/QUOTE]
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