5 tips to successful businesses

Discussion in 'Growing and Managing a Business' started by vinh dang, Jul 20, 2015.

  1. vinh dang

    vinh dang
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    1. Have a plan and know exactly how much it does cost
    2. Learn to delegate and choose good people.Look around and think: "who can do better than i can?" then trust and support them.
    3. Determination is more important than education.Having a degree is not an essential part of being successful as an entrepreneur
    4. Know your core values.Core values are what make you successful in the first place
    5. Don't sell your company too quickly, retain ownership if you still can.
     
  2. eastman

    eastman
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    Thanks for sharing tips. I also have some tips for business. Hope to be helpful...
    1. Love what you do.
    2. Build a team immersed in your vision.
    3. Come up with innovative ways to solve problems.
    4. Create a delightful customer experience
    5. Quickly learn from your mistakes.
    6. Rely on people smarter than you.
    7. Never sacrifice quality.




    Bicycle Accessories Parts
     
  3. mike_smith

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    1 Study your business market.
    2 Well plan your business.
    3 Make beautiful business cards with your business headlines and offers.
    4 Make good relation with your clients.
     
  4. david14beck

    david14beck
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    Thanks for sharing its a useful tips, Starting and running a successful business can be rewarding and challenging. Success requires focus, discipline and perseverance. However, success will not come over night - it requires a long-term focus and that you remain consistent in challenging environments. I have some Tips-

    1. Get Organized
    2. Keep Detailed Records
    3. Analyze Your Competition
    4. Understand the Risks and Rewards
    5. Be Creative
    6. Stay Focused
    7. Prepare to Make Sacrifices
    8. Provide Great Service
    9. Be Consistent
     
  5. ellisthomas86

    ellisthomas86
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    One more tip that I think most of the replies are missing is to have a proper time management. Exclusively managing the things and keeping those streamlined with a time frame everywhere brings it to the most stipulated instance of running the business in a innovative fashion.
     
  6. manishsqrt

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    1.According to me a good businessman should have these qualities
    2.A long running business model, upon which you can build your and customer's faith
    3.A very honest accountancy of expenditure and earning
    4.Value friendship, this aspect is really required these days to promote, be friend rather than being a salesman.
    5.Forgiveness.
    6.Believe in creating value over time and work, not just over work.
    7.Focused attention, multitasking is poison these days.
    I think breached the limit of 5, please don't mind.
     
  7. gradetracy

    gradetracy
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    One of the most important things in business is a good and reliable lawyer, I guess. There are some really great companies like linkagemind.com which specialise in businesses, and will help a lot with different issues. Do you guys use such a help too?
     
  8. kitchie

    kitchie
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    Thanks for sharing your tips to successful business, but in my opinion, there is no exact formula for a successful business. Success defends on the timing and luck.
     
  9. Corzhens

    Corzhens
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    My only advice for an entrepreneur especially to those newbies in the business is to have an ample capital when starting up. Ample capital means an additional 50% over your estimated capital requirements. One pitfall of new businesses is to fall into the trap of borrowing money to augment their budget for the operating expenses. Borrowing money would incur unnecessary expenses in interest. Be careful of that trap.
     
  10. aspecialist

    aspecialist
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    Getting into business must have full attention to that. You must devote your time, money, and knowledge to achieve success. At first, you should have a clear vision of what kind of business you want to have. Secondly, have a bunch of perseverance. Third, plot a plan. Forth, find an expert who could help you to follow your plan, and be flexible. If you need help, you can visit Mind Strategic Learning Consultancy this is where the business owners learn the mindset and habits of a millionaire entrepreneur.
     
  11. Emma Wilson

    Emma Wilson
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    You must know about the market of that business you going to start.

    Make a plan on how you can reach related people, does local or online marketing will help.
     
  12. cyrusv

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    For me, running a business is about product differentiation. If there is no product differentiation to begin with, then its about who can reach more clients.
     
  13. vanessa110

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    From my point of view, besides your strategy, it depends on your amount of money, size of company, time and luck ;)
    Hope you can choose the most suitable product, customer target and place for your store :3
    And also be patient!
     
    #13 vanessa110, Sep 30, 2015
    Last edited: Sep 30, 2015

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