What are the key points to run any business without failure?

Discussion in 'Growing and Managing a Business' started by kimjolly, Jun 15, 2012.

  1. kimjolly

    kimjolly
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    Hello everyone,

    here i am new, so want to ask the key points to success any business

    how the business run without failure? and how I Analyze the market?
     
  2. rashell

    rashell
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    The key features of success are:

    *Great product.
    * Excellent resources & financial records.
    *Excellent marketing skills.
    *Ensure that each job function should have a current job description on file.
    *Create Standard Operating Procedures (SOP).
    *Develop critical factors of success for the future performance of the successor.
     
  3. Mark T

    Mark T
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    It's actually impossible to fail when you are in business. Most successful businesses experience failure and learn from it. Just do your part - research - be analyze your decisions, your market, your audience and many more. Just don't be afraid to take the risk. There are no perfect formula.


    Thanks,
    Mark T
     
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  4. kimipatel

    kimipatel
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    For any business to get success so many thing is meter.. Like which product? product quality.. Market demand..
    Finance , Resources.. How to target people which people you want to target...
    marketing strategy is most important things to any business..
    Try to understand the what people want from you...
    most part of any business is depend upon "services"...
    people want best services.....
     
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  5. cesspadilla

    cesspadilla
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    Welcome Kimjolly to Business Advice Forums! Key points you need to be successful in business is to know first all the basics, your market, and how you can handler certain obstacles. Running a business is always a risk, so if you are planning to have one get ready for failure that's the only way you can succeed.
     
  6. gogreenbusiness

    gogreenbusiness
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    All businesses has it's own risk... failing really depends on how people handles differents situations and challenges.
     
  7. sayitproud

    sayitproud
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    Kimjolly,

    What do you mean by "failure" in your question? Do you mean going out of business entirely? Or losing some money? What would have to happen for you to consider it a failure?
     
  8. Life_is_good

    Life_is_good
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    every one fails, just dont give up.
     
  9. firstchoicecar

    firstchoicecar
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    Well you can't avoid failure, In some points failure is also learning, It is better not to give up.
     
  10. patrick0001

    patrick0001
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    I have to say, failure is the key point to success.

    Observe the market needs > deliver products and services > analysis user feedback > delivered again.
     
  11. Mark T

    Mark T
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    Wait.. have to check my first statement, it should be "It's actually impossible NOT to fail when you are in business" :)
     
  12. Bharat Book

    Bharat Book
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    key point to run any business depends on services,that you offer to your customer.If you provided better services,you can grab more traffic..quality work is most important.use recent marketing strategy for any business.every business contain some kind of risk.According to me,failure is the first step of success.so,don't worry about it.you will learn more things from it..
     
  13. Mark T

    Mark T
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    You got it. Failure is something that sparks learning and excellence. :)
     
  14. hellohot

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    Plan, Do, Check, Adjust, this is one method you can apply to most businesses or activities. It won't grant success but it will make you run the business in a better way.
     
  15. SeanFace101

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    Good planning & research would be key.
    Research your market & your competitors.
    But, yes i agree with some of the posts above that failure is something that is a learning experience & bring better for the future if you keep at it.
    Most people fail at stuff, its how you come back from down times that determine wiether you succeed or not.
     
  16. secretstaff.com

    secretstaff.com
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    It all boils down to one thing: GREAT PRODUCT or SERVICE. If you can't offer something great or even useful, will you be confident about your business? Will you spend a dime or even break a sweat for marketing or advertising? Will your customers love it? Will they keep coming back for it? Will you gain profit from it? Will your business last? Think about it.

    -secretstaff.com
     
    #16 secretstaff.com, Jul 25, 2012
    Last edited: Jul 25, 2012
  17. shafim

    shafim
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    Everyone in this post mentioned the business side, which are definitely important elements to successful ventures... but there are a few other ingredients that every successful entrepreneur has and they are- persistence, enthusiasm, the ability to persevere and PASSION for what they are doing. If you aren't internally motivated with desire to succeed, then the bad days in business will swallow you and ur ship will sink, on the other hand, if you have passion then you will overcome those tough days and it will help you dig deeper when you feel like you don't have anything left in you, and you will push and find a solution to any problem you are confronted with.

    I guess, in a sense, as long as you have passion you can sell a bag of bricks and be successful! Passion and enthusiasm are contagious.
     
  18. seorahulchauhan

    seorahulchauhan
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    I think there is many key factor to success of a business. first of all you have to be confidant before starting a business. than you should define your goals. good knowledge and experiance also key factors to get success in a business. Your planning, research, hard work also matters.
     
  19. kenix

    kenix
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    I believe failure is part and parcel of doing a business, just learn from the failure plus determination heart the chance of success if high
     
  20. jrobconsult

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    Failure can happen to any business, but you can take steps to lessen the chances.
    1. Have a great product or service.
    2. Market this product or service and just not with word of mouth.
    3. Learn from your mistakes and adjust.
    4. Look for advice from those smarter than you and use that advice wisely.
     

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