How do You Define Success in Business?

[Jasz]

You might say it's about making more money. Or maybe it's about helping more people. Or perhaps it's about having a bigger impact on your community. Whatever your answer, it's important to remember that there are many ways to get what you want out of your business—and that those ways go far beyond just making money.

The truth is, "success" isn't one-size-fits-all, and what you want out of your business might be completely different from what your neighbor wants. So while some business owners dream of expanding their physical space and hiring dozens of new employees, others want to give back by donating all their profits to charity. And just as every entrepreneur has unique ideas about what will make them happy and profitable, every entrepreneur has a unique path they can take to achieve those goals.

For example, if you're looking to raise the profile of your business in the local community, there are a number of ways you can do that without having to open new locations or hire new workers. Consider offering tours at your place of business or teaching seminars about how you run things for local schools and organizations. Think about hosting special events at your location and inviting members of the press to cover them.

 

[Kendy]

The truth is that people have their own different definitions of a successful business. For one man, he might define a successful business as one in which the enterpreneur involved has insight to creative ideas and innovative ways even though presently the enterpreneur might not have the available funding to boost the business but with creativity, he sees the business owner as having a successful business in the short or long run. Another individual might define a successful business as one in which the business owner has so much funds to boost the business.



Well, for me, I think a successful business has to do with one in which the enterpreneur has some level of creativity, the enterpreneur has the ability in having a good rapport with his customers and employees while maintaining professional standard. I also think that a successful business is one in which the business owner can manage the available funds without having to spend excessively, this is because the major aim of any business is to maximize profits while reducing costs. In another light, I also think that a successful business is one in which is guided by a feasible business plan in order to track the record of success pertaining to the business and to see if it rhymes with the vision and goals.

 

[moonchild]

Well, I think a successful business is a business that has traction and start going the direction that the owner wants it too.

Let's say I started an ecommerce business and I started recording sales, increase In traffic, more deliveries and other business owners have started listing their products on my site, then I might say my business have started gaining traction which can be equally translated to a successful business.

Also, we can't stereotype a successful business without the owners input, because he's the only one that knows the metrics he uses to measure the success of his business, some business method of traction is users, while some is sales while some is impact, different strokes for different folks, not a one size fits all.

There are some general assumptions hut I don't really agree with that, because business are relative.

Any business that has a plan and it's progressing according to that plan then at least that's being successful in that given scale.

As an entrepreneur, you should measure the success of your business by metrics, numbers are the only variables that are verifiable and standard, any other method of measuring variables is going to fail overtime because it can be skewed.

 

[TOZZIBLINKZ]

It is totally true that majority of people will have different definition to what business success is absolutely define to be . But based on my own perspective , I will define business success to be a situation where a business has absolutely reached it's higher and greater heights or it is a situation where a particular business have accomplished and achieve is business goals and objectives as expected or planned my solidifying his business foundation and winning the hearts minds and trust of numerous clients and customers as a result of its rendering or selling of quality and advisable business goods and services .

It is definitely the vision and idea of every business owner towards his or her business , to see his or her business prosper and to be successful . The ability for a particular business to be successful and to prosper totally depends on the ability and creativity of the business owner himself or herself . Business successful nurse is totally a good and advisable thing for every business owner to make sure that his or her business encounters . The ability of the business owner managing and controlling a particular business so as to be able to put together his or her mental faculties as a result of his or her creativity in order to sort out ways to boost his or her business productivity is totally what defines and determines business success .

 

[btaliat]

Success is multifaceted and we will all be right depending on the angle that we are defining it. To some people, a successful business owner may be the one that always make much money in whatever what they lay their hands on. It won't take the person much time to cite examples of Elon Musk as a successful business person because he has many chain of successful busineses.

To some, a successful business person may be someone who is talented and make himself known to the world with his skill. Ronaldo may be a successful business man in this case if actually football is a business. The view of this is that for you to be a successful business owner, then your name should be a house hold name.

To me a successful business man will be the ones that have impacted his society. The one that has become a branded name and has contributed immensely to the society. His business idea must be unique and be of great impact in the society. A successful business owner will put all what he has at his disposal to useful. He will try to utilize his mental and human resources very well.