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There are four basic needs for success in small business which one is the most important: a. sound management practices b. industry experience c. technical support d. planning ability.
What i know about success is when you ought to do something and you do it, that's your success. There is no as such secret recipe for success but we see some common features in successful people . They are;
1. Luck ---- when it happens to you, identify it and optimize it.
2. Talent ---- If you are not talented for something don’t shy to outsource it
3. Little madness--- some hunger, passion towards your goals.
4. Ripd growth field ---- either generate it by creating opportunities OR identify opportunities. Invest in the fields where there is opportunity to grow.
When it comes to Fortune500s to be what they are now , they have developed some values and they are delivering those values in every aspect. Those values are Happiness , Success , Wisdom, Simplicity & Creativity.
d. planning ability.
Industry Experience : People with less educational knowledge but having good industry experience are running their business successfully.
Reason : It’s about ground battle not about video game.
Good Day!!!
First you need PASSION and if you have "SOUND MANAGEMENT SKILLS", you will succeed. Because the rest you need to succeed is TALENT that you can hire from market.
Well there is no clear-cut success formula for succeeding in business. If there was one, we would never hear stories of business failure. But if we take a peep into the history of all successful business organizations, we will find close similarities in their methods of operation in the initial years.
but important thing is giving our self business advices for example:-
Develop a desire to break away from the crowd.
Find your niche.
Learn from your mistakes, and try to avoid repeating them.
Maintain self-discipline.
Be patient.
Be prepared to answer any questions from the customer etc
thx!
there are many good are bad reasons to have success in any business but universaly proven are four.
1. resources
2. luck
3. experties for specific industry
4. oppurtunity
look my mates, this is ranked as it is written. i have given resouces at no.1 position , means investment can make any project successful and the element of luck is also essential portion of this game. good luck
management practice..
Planning ability"
I would put them in Priority Order :
1) Planning ability
2) Industry experience
3) Technical support
4) Sound management practices
