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The Keys to Business Success

 
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BYTRADE

posts: 368

Apr 20, 2011 9:55 PM ET    Quote  Report Abuse
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Your organisation needs to be in a constant state of change in order to grow and succeed. There are keys elements that a business owner/manager needs to focus on when making decisions about their organisation namely

Every business owner or manager must have a sound understanding of each element and how it relates to operations. They also need to have a clear picture of how any change made affects each of these elements.

As your coach, it is our job to ensure that you know how to create and adapt a model for your business that considers each of the key elements for every business process.

 

1 Take Charge

The first key is to realize that success will not just happen, it is up to you to make it happen. Successful people claim to be in control. They refuse to be victims. They accept responsibility for the results their business achieves and take the blame themselves if things go wrong. When we are in control we can choose what to do. We can’t always control the situation but there are two things we can control – our attitude and our skills. We can get stronger, we can get smarter, we can get better at all the skills we need to run our business. We can take charge of ourselves and our business and change the results we are achieving.

2 Know Where You Are Going

Without having specific goals, business owners often find working in the business becomes an endless drudgery. If being in business is not exciting, enjoyable and rewarding, then why be in it? It is exciting and rewarding for the few who are really successful. The difference is that they have a clear idea of where they are going and each day they can see their business making progress towards their clearly defined goals.

If our goals are not clearly defined it is easy to become like the mouse on the treadmill. We can expend a lot of effort going nowhere. All we can do is react to the pressures the business creates. The second key is to decide where you are going. When you know where you want your business to go, you can determine what needs to be done to get there. Doing these things creates excitement and enjoyment. Instead of struggling on with meager rewards, we can make progress towards success in a steadily growing and entirely planned way.

3 Spread The Word

You will never succeed by keeping your business a secret. You need to spread the word to let people know about your unique products or services. With many small businesses, there is a tendency to be reactive. If sales slow down, you decide to advertise to address the situation. When work picks up, advertising is stopped. The result of this approach is haphazard advertising which produces haphazard results. Rather than haphazard advertising, a planned advertising and promotion strategy can be applied to address specific goals.


4 Do What You Do So Well They’ll Come Back And Bring Their Friends

The difference between the truly successful business and the average business is that successful business’ leaders live, breathe and preach quality, where the average business’ leader only pays lip service to it. There are many companies that have built their reputation on the quality of the service they provide as much as the product they sell. Even if we haven’t been, I’m sure we all know the reputation Disneyland has for the quality of the experience of a visit there. The title of this key is a quote (paraphrased) from Walt Disney. This man lived and breathed this attitude and accepted nothing less from his employees. The outworking is that standards and procedures are established so that employees know what is expected of them in every situation, particularly in an interaction with a customer. Delighted customers come back with their friends.

5 Train Your People To Do It Better Than You

When we start a business based on our own unique skills, we have a difficult choice when we get too busy to cope with all the work our expertise has created. We need to spread the load by employing others to do some of the work. This is the critical point in the business’ development. If the business owner gets this right, the future of the business is assured, but if it goes wrong, the business is doomed.

Many business owners wish they could clone themselves. They are unable to find anyone who can work as well as they do. Usually there has been some resistance to this move, but eventually the need becomes obvious. Business growth is always stifled by the owner hanging on to the work they enjoy. Having made the choice to grow, the key to unlocking this potential is to train the new people to be better than yourself....read more 
http://lindazengyuanqun.typepad.com/blog/2011/04/the-keys-to-business-success.html



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Global buy sell B2B trade marketplace

smith360

posts: 79

Apr 27, 2011 1:23 AM ET    Quote  Report Abuse
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Without having specific goals, business owners often find working in the business becomes an endless drudgery. If being in business is not exciting, enjoyable and rewarding, then why be in it? It is exciting and rewarding for the few who are really successful. The difference is that they have a clear idea of where they are going and each day they can see their business making progress towards their clearly defined goals.

Thanks for the great share of experience and successful tips!



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Seamlesssink creating smart goals
spider

posts: 83

Jan 25, 2012 2:21 AM ET    Quote  Report Abuse
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One of the most important key to business success is to take action. Just as a hiker you need to move forward step by step. Even if you haven’t found the road to success that leads to the top of the mountain (business achievement) you still have gained helpful experiences. Just have a look at really successful entrepreneurs: A lot of them took action and failed in their first attempts. But instead of giving up they became more knowledgeable and grew as entrepreneurs. So remember this helpful business advice and take action.

 



terry_89

posts: 4

Feb 01, 2012 7:12 AM ET    Quote  Report Abuse
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hello friends.

 

do you know best skill to business success.



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james0436

posts: 27

Feb 13, 2012 6:08 AM ET    Quote  Report Abuse
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To get the success in your business, you must follow these steps:

> Make a perfect plan that suits your goal.

> Then execute that plan in a correct manner.

> Make a skilled team that can handle the business problems.



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Businesses for sale
JamesWaddell

posts: 2

Feb 16, 2012 5:16 AM ET    Quote  Report Abuse
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Yes. I agree with the above statement. A pushing nature is required facing the risk element, if we want to achieve success after success. This reminds me the book " Who moved my cheese"

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CamillaReberg

posts: 2

Feb 25, 2012 9:22 AM ET    Quote  Report Abuse
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I would like to say that if you are concentrating in marketing , you need to consider which area have the big demand for the software , and also the price which the customer can accept

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AshleyWhite

posts: 113

Mar 02, 2012 8:08 AM ET    Quote  Report Abuse
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Another key to business success is having a good business plan. A lot of things can happen anytime and it is always good to follow the plan or see alternatives according to the original business plan to solve problems quickly.



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EmmaRoberts

posts: 2

Mar 17, 2012 11:00 AM ET    Quote  Report Abuse
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Thanx Temitayo for sharing some of Brian Tracy's Business success principles. I know they are based on practical experiences on running businesses.

One of the important factors in business is cash flow. Without it, any business will die in the water before ever it floats at all. I think Business owners and Entrepreneur will be constantly looking for ways to improve and increase cash flow.

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ndrewoods

posts: 53

Mar 18, 2012 11:43 PM ET    Quote  Report Abuse
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One and foremost thing to success in the business is the Taking risk. But apart from this there are 7 key elements which are necessary to achieve success in business.




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