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Factors that determine business success.
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[QUOTE="Kendy, post: 211756, member: 63869"] There are several factors that determine business success. Before venturing to a business, it is always best to map out a business plan but unfortunately, most business owners do not see the need to perhaps the business is on a small scale basis or they feel over confident to run it successfully without a plan. To run a business successfully, it is first to have a business plan which should be pragmatic and devoid of hope or sentiments. The business plan should always have a backup plan and a crisis management technique. For instance, in the case of the covid-19 pandemic, so many business owners were in a state of dilemma because they had not input the backup plan in their business plan and this was an eye-opener to so many entrepreneurs, this is because unforseen circumstances are bound to happen and the best way to plan for it is strictly by foreshadowing and by this, it is pertinent to always have a tool for crisis management. The success of a business is also attributed to the discipline of a business owner, this does not imply that an entrepreneur should be rigid or exude coercive power over his customers or employees alike but he should be flexible but disciplined in getting oriented results. [/QUOTE]
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