Reasons some businesses grow faster than some others.

CALVINDOL

VIP Contributor
Have you ever known of a business that grew faster, and have you ever wonder what exactly was the reason why such business didn't take longer rate or period of time as usual to become successful and prosperous. Personally I have known and encountered businesses that didn't have to stay for longer period of time to earn the recognition and noticeability of members of the business leading to its successfulness and prosperity, and that was actually made possible as a result of the business operators and managers having full knowledge and experience of what it means to effectively and efficiently manage and operate a business organisation. When a business owner or manager is experienced and trained in his or her line of business establishment, he or she is definitely guaranteed to run and manage the business in it best possible way and strategy, worthy to boost it growth and progress.

Secondly, what a particular business has to offer also plays an important role in determining how successful a business can be. As a business owner or manager, it is wise and advised to make sure that your business goods and services are of high and effective quality and quantity. High and effective quality and quantity goods and services are more recognised and noticed by members of the business, and being a business owner who sells or renders such, totally puts your business in the chance of growing faster and successful.
 

niche

Verified member
In some countries, businesses which are owned by powerful well connected people, from wealthy communities grow fast, especially if the owner is politically well connected. In contrast people from poorer communities find it difficult to make their business grow, since the rich and powerful are always making fake allegations without any proof, the leaders, officials of poorer communities are dishonest, corrupt, so online business owners from poor communities find that all their correspondence,orders, leads are diverted and stolen, making it difficult for them to grow.
 

Shaf

Verified member
If a business is to succeed fast, there should have been a solid plan from the onset. This means you have already identified possible problem areas and how to solve them.

It also needs good staff who can draw customers to you. A lot of new businesses struggle when it comes to staffing and adequate training for them. Solving this problem early would save you a lot of stress.

One key thing to do is make sure your business is well known even before you start. Steve Jobs was a master of this. He teased audiences about the next new thing as he was launching one. This creates anticipation. People wonder how good the next thing will be if the one they are using is already good enough.
Another thing I think plays a role is the environment and policies for businesses by the government. If you lack basic amenities but still have to pay exorbitant charges, this could affect your revenue.
 
E

eldavis

Guest
There are various factors that could be the reason why most business grown faster more than the other one. One major reason is the nature of the business, there are some business out there that are bound to grow faster than the other. While in other cases, it could be due to the amount of effort, consistency and hard work. You do not expect the business of a person who goes through extra mile to someone who does not even try to put in their best.
 
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