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Major criterias of starting and managing a well established business
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[QUOTE="Kendy, post: 229936, member: 63869"] There are major criteria for starting and managing a well established business. When the business plan is ascertained, the business should have a plan which would serve as a guide and keep the business owner in track of the business. There is no magic in business, what you put in, is what you receive. There is so much that is demanded of a business to succeed. Business demands beyond just spending quality time. If time is spent on the business and there is no level of creativity or innovative ideas, the business would not boom as expected. The business plan should include both major and minor factors; the capital needed for funding the business, the location, government policies, marketing, competition, investors, sustainability and the management crisis technique for potential challenges beyond the control of the entrepreneur. Most businesses fail because they do not have a backup plan and when the business face some rocky storms, it collapses because it was not built on a solid foundation. A business can be managed if the business owner cultivates the attribute of discipline. Management of funds is essential and each business owner should try to improvise and also improvise in order to minimize their resources. [/QUOTE]
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Major criterias of starting and managing a well established business
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