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Business strategy
Factors that determine business success
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[QUOTE="Kingsley, post: 208287, member: 30278"] There are somany factors that determines how successful a business venture will be and these factors if neglected will cost the business venture alot of stress and eventually make the business to fail in the long run. Hence we need to attend to those factors carefully and they include; Consumer relations, this is taking a critical look on how we treat our customers and how we relate with them, this will go a long way in convincing them to convince other people to patronize our business. We need to sometimes go the extra mile by checking up on our customers to see how well they are enjoying the product or services they have purchased from us, this will show them that we truly care, so creating an avenue where they can give us feedback on the product or service will also boost our imagine and attending to their request and complaints promptly will also give them a sense of belonging. Again if we keep proper business records it will go a long way to help us keep check on our financial progress to know what and what we need to adjust and improve on. Then we must also be consumer friendly and can also provide after sale service. [/QUOTE]
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