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Factors that determine the success rate of a business.
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[QUOTE="btaliat, post: 246037, member: 26390"] Henry Ford, the owner of Ford cars once said, whether we believe that we can do it or not, we are both right. This is to say the success of every business always start from the believe that it is possible. Business owner must have the mindset of winning. There should be self conviction that the business will be successful. Another thing that determines success of any business organisation is the capital. One thing is to have the right and even winning mindset, the other is to have the ability to pursue the dream. All businesses depend on capital. When we don't have capital, there is no way we will be successful in whatever that we lay our hands on. Why competition may serve as a catalyst to help some businesses to thrive, it may make some busineses to wither away. An emerging business owner that situate his business where there are many business competitions may not see the end of the day. The stronger the competition, the more we are likely to lose our business. Another thing that can determine the business success is the location. The easier the customers can have access to our products, the more we are likely to succeed [/QUOTE]
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Factors that determine the success rate of a business.
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