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Business strategy
What exactly does a business need to succeed?
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[QUOTE="Axis, post: 337458, member: 66672"] For a business to succeed there are so many factors and things involved in which a business owner of business manager must take his or her time diligently to consider before actually venturing into establishing a business in the business sector. One of the possible reasons why majority of businesses today go bankrupt or liquidated is because the managers and owners to this business did not consider most of these factors that affect business growth and development. First and foremost a business will need good and efficient management. We all must understand that establishing a business is very much different from managing or administrating a business and more or less the management and administration of the business requires intellectual capacity and mental competence. Another possible thing to consider when it comes to establishing a business that will be successful is the location and the product or services in which such business will sells or render. The business itself must have to sell and render goods in which members of the public in the location which such business is cited really need and wants. If members of the public surrounding with a particular business is cited do not have any desire for the business products then such business will make no profit. [/QUOTE]
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What exactly does a business need to succeed?
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