How to successfully run a business

jasminemax

New member
Starting a business and making it a successful one is hard work and once people realize how hard it truly is, they tend to want to give up. Staying focused on the tasks at hand every day will help your business become the success you want it to be. You should have something to help you stay focused. Focusing on our goal is the main thing for a successful business.
 

Alexandoy

VIP Contributor
First off, you should know fully well the operation of the business from the supplier if you deal with products or from the way to do it when you deal with services. It is not good for the owner of the business to handle the operation when he doesn't know especially if the business is customer-based. One mistake and your business may suffer a bad publicity. It happened before when the owner of one bakeshop had given the old bread to a customer. His bakeshop lost some customers because of the rumor that his bread is stale and it may even cause food poisoning. The attendant of his bakeshop would not make that mistake. The old bread remained in the display bin just for display purposes and not really for sale anymore.
 

sincerem

VIP Contributor
Starting any business initiative is never an easy task. One need to examine the capital expenditures, the long time vision of the business. Have a direct strategy to runs successful business initiative. Always start a business on a good location that is suitable for the business idea one got at hand to start. Lastly having an experience and passion for the business that he or she is about starting.
 

Augusta

VIP Contributor
Starting a business is a lot easy but making it succeed is the most difficult part of it. One need to first carry out a market survey to ascertain the kind of business that will viable for the locality. Then another is to check the location of the business if it will suit your business you want to do. You should endeavor to treat your customers as Kings. Again, it will be better to have a business plan in place
 

Seyesystem

Active member
Starting a new business is not easy at all, as a business owner Managing the business successfully is not that easy but hard work makes business to be successful. To become a successful business owner it's not easy you must work hard by meeting customers demand. Successful managers are effective and productive. They can lead,motivate, set goals, set examples as a leader and inspire others to achieve their best. To become a successful manager, you must possess habits that will allow you to accomplish your goals and bring out the best in others to achieve the organisational goals. Effective management of a business will definitely bring increase sales and sales will lead to increase in profit. It is always good to manage the business very which also includes the customers relationship with quality goods. It is always good to manage business very well especially monitoring the daily activities of the business and concentrate on quality products.
 

Mataracy

VIP Contributor
How to be successfully run is to know why you want to start the business . And when you know the reason why you want to start the business then you now plan on how to be successful in the business.
Planning is very good when you want to be successful in business, I mean good planning.
Sometimes you may equally have it in mind to be successful in business and yet you don't know how to plan it; we still have some people they specialized in advising people and how also plan it for them on how to go about it because they are professionals.
 

Kingsley

Valued Contributor
There several strategies one can adopt in running a business successfully, the first area I will consider is patience, business requires a lot of patience. I see somany people rushing into starting a business with the expectation that they will make a fortune within a short space of time. This is not always true as business also needs time to grow and become sometime big. We should not expect things to begin to work over night. Many made this error and today they are already discouraged.

Another thing one must always consider is the ability to utilize business funds on items that are needed by the business somany make the mistake of utilizing the business funds on other unnecessary or irrelevant items. Some people even go as far as accessing loans from both the commercial banks and micro finance banks and instead of using it for the business they divert the funds for some other purposes and as such they eventually get into trouble.

Then are are some that doesn't even have a slight idea of the business they are venturing into. They are just going into it because they saw some other persons doing it, or they hard people saying it is lucrative rather than for them to do their research.
 

Stena

Member
You want to successfully run a business? Then you have to make sure the foundation is solid.
First ensure that you have a solid plan for your business. Most businesses fail due to lack of proper planning. In a haste to make money, some people do not pay attention to the necessary, they end of wasting capital and at the end of it fold their mats. Get to know what running the business you want to run entails, you can undergo training or learn under an expert. Ensure to draft an excellent plan for your business which should include threats and opportunities the business is likely to face and how best you want to handle them; how you intend using funds, location, etc. A good business plan would serve as a guide especially during a business downtime.

You have to ensure that customer satisfaction is your business priority. Customers are an integral part of our business, so without them, it is difficult to make sales. Give your products or services that touch of value, such that would keep your clients coming back. Over time, I have realised that quality customer service is a good strategy to promoting business. My existing customers do most of the publicity for me, and this is simply because they enjoy my services.
 

TOZZIBLINKZ

VIP Contributor
To successfully run a business depends on the individual mindsets and ability to be hardworking and industrious . There a lot of people in the world today who run their business with the wrong mindset this is due to the fact that their business wasn't properly considered buy them before being established and because of this they develop wrong mindset to what their business , people like this further develop unindustrious and foul mindset toward your business pursuing away their potentials to make profit and reach higher heights .

There is no doubt that running a business is not easy that is why it is advisable to keep a proper mindset . your business shouldn't be a one that feels enticing to start today but tomorrow feels boring and unattractive . That is why if you have a good business idea you must properly and considerably think about the advantages and the repercussions that may come about running such a business . You must also consider some solutions to this repercussions if they occur in any case . For example asking yourself questions like " what to do if a client or customer become unsatisfied ? " Can go a long way to equip you for what lies ahead .
 

Good-Guy

VIP Contributor
Success is dependent upon many things and success is not that easy to achieve. You must work really hard and compromise many things in your life in order to become successful. There are many things that you need to consider. If you believe that making money is success, then you must make the right kind of plans. You must think about how you can improve or grow your business so that you may generate more profits. You must realize what is stopping you from making money? Why your business is not generating profits? What strategies can you make in order to deal with those problems? You must assess the current conditions and find the right kind of solutions.

Apart from focus, what else does your business need? Are your employees performing well? Are your current strategies effective? What about the amount of capital? Have you invested the right sum of capital? Is your business being managed properly? Are you targeting the right kind of customers properly? These are some of the basic factors upon which your business relies upon and you need to figure out the problem and find the solution to resolve the issues that are causing problems for your business.
 
E

eldavis

Guest
It's one thing to start a business, and it is another to actually grow it to success. Before starting your business, you should have a clear goal stated out that you wish to attain. The next step should be creating a plan to actually active this goal. Having someone with experience as a mentor is also a great way to get encouragement along the way cause you will definitely come across so many things that would discourage you.
 

Yhubee

Member
With the right motivation and passion for a business, one can move towards success in a business.
A passion and purpose driven business man or woman will not decide to give up on a business because of the risks involved. He or she would rather look for better strategies to help him or her succeed.
With proper planning one is bound to succeed in anything including business. A business owner should have drawn a business plan to guide him or her in the decisions to take concerning his or her business. The plan should cover everything including the sources for funds,location for the business, ways to promote the business, best strategies to outshine other businesses of the same category, the number of employees to hire depending on the scale of production of tbh business, etc.
With everything already panned including a contingency plan, the business is bound to succeed. The attitude of the business owner towards his or her business mattress a lot. If a business owner is sluggish and lazy, he or she may not achieve much and can even miss clients or customers as the case may be which will in turn affect the business negatively. The business owner should be smart enough and very innovative when the need arises in order to succeed too.
 

Kendy

Verified member
It is possible to run a successful business but first you need to have interest in the business. Lack of interest is one of the commonest reasons some business owners readily give up when there are challenges. A business owner who has the interest of the business and is motivated by it would not easily give up, he would put every possible determination to see the business revive. For a business to thrive, there should be funding. By funding it does not imply that all the adequate capital be available before setting the business, but at least a substantial amount be present to enable appropriate funding. Location is one important step that determines the feasibility of a business. It plays a vital role in making the business access its target audience with ease. Also, making use of the social media tools would spur the sales of a business faster. There is also the possibility of securing your business and creating customer relationship online just in case of unforseen circumstances like the covid-19 pandemic, which kept so many entrepreneurs in a state of confusion because they had not created an online presence for their business. In addition, the business owner should have management skills in utilizing the profits appropriately
 

Jasz

VIP Contributor
Being a successful business owner is all about taking care of your customers and your employees.

Take care of your customers

First and foremost, you need to make sure that your customers are happy with their experience at your business. That means providing them with the best possible service, as well as making sure that they have access to the products that they need. If you have a retail store, make sure that you always have enough inventory on hand so that people aren't leaving empty-handed. If you are running a restaurant, make sure that the food is consistently delicious.

Take care of your employees

It is also important to take care of your employees. Make sure that you are paying them fairly for their work and providing them with a working environment where they can thrive. People don't want to work in an environment where they feel like they aren't being heard or if they aren't being treated fairly. Treating all of your employees equally will ensure that productivity remains high and turnover stays low.

It is also important to have a vision for your company. You should make an outline of where you would like your company to be in one year, five years, ten years, and so on.
 
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