How to run a successful business?

Re: How to run a successful business?

Hi friend...
Below are a few ideas and tips on how to run a successful business.

• Have deep pockets. Be sure you have more than enough initial capital for your business. Your pockets must be deep enough to withstand the pressures that start-up businesses undergo. Be warned. It may take months or even a year before your business will start making a profit. Aside from the bank loan, be sure you also have enough savings to tide you over the critical first months of your business.
• Be committed. It's so easy to be excited about a business while you are planning and dreaming about it. But the moment the dream becomes a reality, and you have to face all the work and stress day after day, you might feel tired and want to give it all up. When times like these come, remember to believe in your dream, which is going to be a success. Be totally committed to your dream, to the success of your business. Give your best to the business and trust in your dream.
• Prepare a business plan. You have a dream of running a successful business. But this will have a greater chance of becoming a reality if you prepare a business plan for your dream. You have to write in detail the steps you are going to take so that you will realize it. Create your cash flow spreadsheet. Make a break-even analysis. Prepare for the worst and plan how you will face it.
• Communicate. If you have partners, make sure they are with you every step of the way. Don't let them out of the loop. Face all the ups and downs of the business together. Let your workers walk the journey to success with you. Listen to what everyone has to say. Share and explain what you want to achieve. When you make everyone part of the dream, each one will give their best and add what they can to make the dream of a successful business a reality.
• Be innovative. Don't rest on your laurels. If you notice that your product or service is doing well, don't just rest and be happy. Study, innovate and improve what you can in the product or service. Give the best service. Have the product that will answer what your customer needs.

Thanks for....

Re: How to run a successful business?

I think i would like to share the successful business tip as follows.
1:Always think to get more and more profit : Low profit margins are dangerous to your company's survival. If you only have a tenuous 2% net profit margin and prices rise a few percent, you are in trouble.
2:Good Revenue per sale. This is often missed by many. It is difficult to succeed if you are selling a one-dollar product. To make a million dollars means you must sell one million of your product.
3:A proprietary product. Or, at least, a tremendously growing area where all the companies in the field can't keep up with demand.
4:Something that you love to do. It is difficult to do something well if you don't feel passionate about it. Choose to build a business in a field that you love, and you will find yourself enjoying it.
5:Will the business have good cash flow? It is possible for a business to be generating excellent sales and profits
6: What are the growth prospects for your business? What will be required for you to grow the company.
7:he business must be something you are psychologically suited to do. This is not the same as loving the area

Re: How to run a successful business?

if you dont know how to run a successful business,then why you think others will share it with you? no one likes to share the business secrets with anyone

Re: How to run a successful business?

Hello Friends..........

1.Be creative-
Don't focus your business around making money, rather base it around your creativity and your talents. In order to have a profitable business, you would need to tap into creating a unique and creative concepts and ideas. Try to always think big and take massive action once you start your business and create a business plan, in order to achieve success and reach your goals.

2. Make your family part of your business-
It's always a good idea to involve your husband, wife, children and share the success of your business with them. Some of the largest corporations have started this way, as well as stayed in families for many generations. Founders of these companies often times had their spouses and children become important leaders in the company.

Thanks

Re: How to run a successful business?

This video series is like having a “Business Resource Bible” for not only starting your business, but running and operating it on a daily basis. The explanations are in “Plain English” (easy to understand). They are not the typical CPA language.
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Re: How to run a successful business?

I am suggesting some useful tips to run a successful business:-
1)Good revenue per sale.
2)A proprietary products
3)Be creative
4)Communicate
5)Be innovative

Re: How to run a successful business?

I'm currently in High School working in my business classes to (dare I say it) become a successful business man.

Re: How to run a successful business?

Successful business is the result of an honest effort.With honest effort,you can achieve whatever you want

Re: How to run a successful business?

Hello Friends...........

1. Be creative in your approach – Instead of focusing only towards making profit, your business should be based on your talent and creativity. You need to create unique ideas and concepts in order to get success. If you love your business and feel passionate about it, then it will automatically lead to success.

2. Be committed to your business – Believe in your dream right from the planning stage to its execution. Many people lose the excitement as soon as the dream becomes a reality; that is, as soon as they establish a business. However, you should trust in your dream and be committed towards it in order to achieve success in your business venture and reach your goals.

3. Communicate with your partners – It it’s a partnership business, then it is quite necessary that your partners are well informed about each step you take. All the partners should face the ups and downs of the business together. It is also your duty to motivate your partners for a common goal.

4. Encourage everyone to present their views – You should encourage everyone in your company to present their views. This will encourage them to come with new ideas that will benefit the company in the long run.

Thanks

Re: How to run a successful business?

Target confidence and insists .

Re: How to run a successful business?

Specially our communicating skills are really very helpful for going through the successful business..
If our behavior with employees, clients are good then, they impress and always favorable for you..!

Re: How to run a successful business?

I am suggesting some useful tips to run a successful business:-

Be innovative
Be creative
A proprietary products
Good revenue per sale
Communicate

Re: How to run a successful business?

Definitely for running a successful business is one of the biggest challenge ever faced a business person, to keep the successful run a business person can tries certain tips that are
1. Determine how to make a profit
2. Research the market techniques
3. Goal oriented

Re: How to run a successful business?

Follow the business strategy. Else experience will teach you all things.