what drives the success of a business.

[Dr.Bitcoin_Strange]

All the points that you raised here are good and will go a long way in making sure that business success is achieved but one thing that I will like to add is business innovation skill this is key if one is to grow his business because the fact is the business environment is Harsh and very tough so if you're to have a successful business then you need to come up with innovative ideas that others are not using so that you do this differently from others, being innovative is key as your business will be the pace setter for others to follow another thing that will help in growing business is a good management skills as the success of every business depends on your ability to manege and take care of the business your self

Severally I've seen lots of businessmen and women make this mistake of opening a new business and then immediately employing a salesperson to manage the business, trusting the fate of the business in the hands of the salesperson, in most cases, this salesperson is always a randomly picked person, a total stranger and someone who they're not even sure has the qualifications and expertise in business management.

This is a very terrible mistake entrepreneurs should avoid, it's not wrong to hire a salesperson, but its wromg to leave everything in the hands and control of such person while you go about other businesses, especially when the business is still relatively new, you need to be there to supervise every activities forst, monitor his progress and if you feel  that the person can effectively manage the business in your absence then fine and okay, you can leave him in charge and only come back to check on how things are going at the end of every day.

[Didia Sofunichi]

What drives success in a business can be relative as what brings success in one business might cause set back in another. However, commitment, honesty and integrity have proven beyond reasonable doubt to be responsible for the growth and successes of so many businesses

[bisdak40]

All the points that you raised here are good and will go a long way in making sure that business success is achieved but one thing that I will like to add is business innovation skill this is key if one is to grow his business because the fact is the business environment is Harsh and very tough so if you're to have a successful business then you need to come up with innovative ideas that others are not using so that you do this differently from others, being innovative is key as your business will be the pace setter for others to follow another thing that will help in growing business is a good management skills as the success of every business depends on your ability to manege and take care of the business your self

Severally I've seen lots of businessmen and women make this mistake of opening a new business and then immediately employing a salesperson to manage the business, trusting the fate of the business in the hands of the salesperson, in most cases, this salesperson is always a randomly picked person, a total stranger and someone who they're not even sure has the qualifications and expertise in business management.

This is a very terrible mistake entrepreneurs should avoid, it's not wrong to hire a salesperson, but its wromg to leave everything in the hands and control of such person while you go about other businesses, especially when the business is still relatively new, you need to be there to supervise every activities forst, monitor his progress and if you feel  that the person can effectively manage the business in your absence then fine and okay, you can leave him in charge and only come back to check on how things are going at the end of every day.

You're right! A lot of business owners make the mistake of hiring a salesperson and letting them run everything, especially when the business is new. This can be a problem if you don’t really know the person or if they’re not qualified. It’s fine to hire people, but at the start, you should stay involved and make sure everything is going well. Once you're confident that the person can handle things, then you can trust them more.

[JoyMarsha]

Maintaining a customer base relationship is what sustains a business more than any other thing. A businessman or woman can have all you mention for a successful business but if his or her relationship with the customer is not running on a smooth scale, the business can be affected because there are no customers to buy the goods that are being sold. It's customers that will buy the goods that are to be sold. Without them, your business dies off

[rachael9385]

The success of every business is the profit, when there is profit the business keeps going but when there is lose in the business it might end up folding. Profit is the only driving force not even customers you can have customers and your business still folds but when you make your business your number one choice it will give you the zeal to be serious and seriousness will trigger the success of the business.

[Chilwell]

The success of every business is the profit, when there is profit the business keeps going but when there is lose in the business it might end up folding. Profit is the only driving force not even customers you can have customers and your business still folds but when you make your business your number one choice it will give you the zeal to be serious and seriousness will trigger the success of the business.

When your business is profitable and you are doing well with it, that is when you are doing well in market and you are progressing, this is absolutely right. But I disagree with the notion that customers aren't crucial to a business's survival. You mentioned that making a profit is a key indicator of success in trading. However, without customers purchasing your goods or services, it's impossible to generate profits. Therefore, customers play a vital role in determining a business's success.

[bisdak40]

The success of every business is the profit, when there is profit the business keeps going but when there is lose in the business it might end up folding. Profit is the only driving force not even customers you can have customers and your business still folds but when you make your business your number one choice it will give you the zeal to be serious and seriousness will trigger the success of the business.

When your business is profitable and you are doing well with it, that is when you are doing well in market and you are progressing, this is absolutely right. But I disagree with the notion that customers aren't crucial to a business's survival. You mentioned that making a profit is a key indicator of success in trading. However, without customers purchasing your goods or services, it's impossible to generate profits. Therefore, customers play a vital role in determining a business's success.

Profit is important for a business to survive, but customers are just as important. Without customers, there are no sales and no profit. A business needs both happy customers and good profits to grow and succeed.

[DragonF]

Profit is important for a business to survive, but customers are just as important. Without customers, there are no sales and no profit. A business needs both happy customers and good profits to grow and succeed.

Profit and customers will come when the puzzles are properly filled. It is incorrect for a businessman to think of profit when the basic structure of a business is not strong. If you do the fieldwork correctly, you will attract customers.

This is analogous to a student who has been admitted but is more concerned with getting a first-class grade than with studying. Certainly, his first-class ambition will be dashed due to his failure to study. So it is in business.

The amount of profit you make will be determined by the structure of the business. If the business is built on a solid foundation, profit is guaranteed.

[Bozi]

The heart of any business is it's customers. If there are no customers will there be any business? If one knows how to treat his customers right his business will flourish. Customer knowledge and psychology is key

[Didia Sofunichi]

There are many things that drives the success of a business such as a good location for the business, knowing how to treat your customers, having the mindset of becoming a good successful business owner etc

You have said it all. The importance of a good location can hardly be over emphasized. A good location entails closeness to raw materials, closeness to consumers, closeness to the market and so on and so forth

[Didia Sofunichi]

"There are more, which I would love you guys to mention and also specify the ones that I think are the major drives.

They are several qualities that drive the success of a business. Because  is not all about having money you can put a millions dollars in a business and if you don't have the qualities to drive the business the money will senk and the business will close down.

Based on my own opinion, qualities that drive the business to success are, physical preparation, financial preparation, mental toughness and persistence.

I quite agree so much with the last attribute that drives a good business. Persistence is key, a good business will definitely pay off but time and consistency is a very prominent and important factor

[Findingnemo]

There are many things that drives the success of a business such as a good location for the business, knowing how to treat your customers, having the mindset of becoming a good successful business owner etc

You have said it all. The importance of a good location can hardly be over emphasized. A good location entails closeness to raw materials, closeness to consumers, closeness to the market and so on and so forth

Things have changed a lot, people are ready to visit even if a place is far away from the prime location, and competition increased so raw materials can be purchased from other side of the world too, all we need is clear plan of what we do and how to get the best output. The most lacking thing in a small business is the customer handling, employees seems to be not that welcoming and one who hired the right ones will get the repeated customers for sure.

[Dr.Bitcoin_Strange]

I quite agree so much with the last attribute that drives a good business. Persistence is key, a good business will definitely pay off but time and consistency is a very prominent and important factor

Yes, this is often why most businesses fail even before it’s given a chance to mature into something big is lack of patience and consistency. Most business owners lack these qualities which In fact are the major factors that drives a business to success. They start a business today and they already have a big picture of how big the business needs to be in the next few months without realizing that businesses should be allowed the opportunity and time to grow gradually, they’re like kids, at that very first stages of startup, they’ll require even more from you than they can give in order to grow and mature into something bigger and then start giving more than it takes.

Another mistake business owners make is comparing their businesses to that of the next person, there’s nothing wrong with drawing inspiration from the next person, but comparison? That’s a big no. Because you really don’t have an idea of how much effort, time and resources the next person have invested into that business to achieve what you see.

[Joeboy]

We know, that there are so many facts that can contribute to a successful business. So, for those that are entrepreneurs and those that have entrepreneural spirit, what is the major fact that contributes to the success of a business?

In a simple sentence from experiences and knowledge I have acquired, I can mention the following characteristics.

1: Having a correct mindset as an entrepreneur can drive success.

2: Siting your business in a good location can drive success.

3: Understanding the kind of business you do and finding the right market for it. For example, if you sell „x“ Items, find a market where „x“ Items are mostly needed. Don't go to market that "y" Items are needed most.

4: Maintain a good customer-relationship, and you will definitely be able to win the hearts of so many customers, and with a good customer-relationship, it can bring about customers loyalty.

There are more, which I would love you guys to mention and also specify the ones that I think are the major drives.

Also having enough capital and knowing when and how to channel the capital into the business is another means, imagine someone no matter how successful he is if he runs out of cash to support the whole business goes down.
Another way is to have a good marketing strategy. You can be in a market that don't require your good but with your good marketing strategy, you get to convince them on the importance of your product.

[Dr.Bitcoin_Strange]

Another way is to have a good marketing strategy. You can be in a market that don't require your good but with your good marketing strategy, you get to convince them on the importance of your product.

I believe this is one of the most essential aspects of a successful and thriving business. Not every business owners knows how exactly to pitch or advertise their products and convince the general public to opt in to their products or services. But those who have mastered this act knows how to drive the market.
Another thing is having a good communication skill. There’s this guy I know who owns a grocery store, and whenever I go there to get groceries, this guy would first of all greet and welcome me warmly and then try to engage in a friendly conversation with me, and he never forgets to either compliment my perfume, my new haircut, clothes and other stuffs, and I believe that’s what’s making his business to thrive and have more engagement than the others who are around there.