what drives the success of a business.

[abhiseshakana]

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

Learn from the experiences and stories of successful people, to be successful in business you need the ability to execute plans, set targets to achieve results, tips for success in business are:
1. Start on a small scale so you can create a strong foundation, strategic steps that have a big impact on business progress.
2. Create and develop a business plan, so that creative ideas are accommodated and can be realized
3. Ready to face challenges and challenge yourself to take risks with measured calculations and confidence
4. Do it yourself or be directly involved in every level and aspect of the business, so that when a problem occurs we can determine the exit door.
5. Find and form a team that is solid, competent and has a wow effect, one man shows are very tiring.
6. Start building and expanding working networks for business sustainability and expansion.
7. Always invest in self-development

[Sim_card]

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.

Every entrepreneur or business person should aim at solving a particular problem in the society. Before you set up a honey store, you might have already seen that honey is very scarce in that area, hence the need to supply to the people while you get rewards for your product. You know what you want and who your target market is.

Most businesses fail because the business owners have no clue at all the problem they intend to solve in a particular area. They introduce products or services in areas where the market already has enough of it or they don't need them at all. Most businesses are only Interested in making sales and get profits, while paying little attention to market feedbacks.

If you know the problem you intend to solve, deciding on the type of business will be easy and it will also enable you go straight to your target market and not just any market at all. Those who often enter a business line because they feel its profitable often get discouraged when they are faced with challenges

I agree with everything that you said. Another thing I consider helpful in one's business is to have a discount amount on your own price to make it a little bit cheaper, as that will attract customers from far and near to always patronize you, since there is competition out there. Good customer relationship is important because you need to get feedback from them based on your service that you are rendering to them. This will enable you to improve in your business by tackling any complains in the right way and solving that problem.

[alltalk]

Another factor is probably luck. I'm referring to timing and opportunity, plus capital available to a business owner at any given time. For example, opening the first marketplace near your city where nobody can be your competitor while having the means plus time to do so will likely drive you to success compared to opening the 10th or 11th marketplace in your city. CMIIW.

I think it is not about luck, but it is how to optimize the chance of success.
When you becomes the pioneer of a certain business in your city, you have analyze the potential of the success and the failure. You must be brave to run the business according to your own research. It is impossible if you only run the business carelessly without any considerations. No one wants to gamble with their business, it is too bad if there is someone who gambles with a certain business.

Some of the businesses that are popular in my country are the first ones in their respective market, which is hard to dethrone given that they always improve by looking at what features can they take from their competitors.

The owners of the businesses must know how to maintain their market. They must always improve their services and the quality of their products. If there is no innovation in the businesses, it must be overtaken by new competitors. The pioneer of certain businesses may have its own advantages. However, if they can't have a proper way to maintain the businesses, it must fail to survive a long time.

[bitterguy28]

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

Learn from the experiences and stories of successful people, to be successful in business you need the ability to execute plans, set targets to achieve results, tips for success in business are:
1. Start on a small scale so you can create a strong foundation, strategic steps that have a big impact on business progress.
2. Create and develop a business plan, so that creative ideas are accommodated and can be realized
3. Ready to face challenges and challenge yourself to take risks with measured calculations and confidence
4. Do it yourself or be directly involved in every level and aspect of the business, so that when a problem occurs we can determine the exit door.
5. Find and form a team that is solid, competent and has a wow effect, one man shows are very tiring.
6. Start building and expanding working networks for business sustainability and expansion.
7. Always invest in self-development

seems like you are a business owner mate? since you have this whole set of advise that I believe only experienced business owner knows how to deliver.
i will keep that in mind because this is one of the most valuable comment i've read as i wanted to expand my business also .

[DabsPoorVersion]

Some of the businesses that are popular in my country are the first ones in their respective market, which is hard to dethrone given that they always improve by looking at what features can they take from their competitors.

The owners of the businesses must know how to maintain their market. They must always improve their services and the quality of their products. If there is no innovation in the businesses, it must be overtaken by new competitors. The pioneer of certain businesses may have its own advantages. However, if they can't have a proper way to maintain the businesses, it must fail to survive a long time.

Yes this must be the case. There are smart business owners who can manage to do well with their business for a longer period of time. We all know that the trend in businesses can easily be exchange with a new trend or what most people call as seasonal.

However, it is indeed hard to overcome those kind of businesses that's why it is better not to think of it. Focusing solely on the progress and development of your own business is a must and never look on the progress of other business competitors. Because if you always look at the other people's business, there would be a limitation on the imagination that you can have for the better of your business.

[Rruchi man]

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

Entrepreneurship can be very discouraging, and even if an entrepreneur has other factors necessary to make the business successful, if the entrepreneur loses passion and commitment to their business, the business will collapse hence before you venture into the field of entrepreneurship make sure that what you're about to start is something that you are passionate about because it is the passion that you have that will keep the business going even when you are about to feel discouraged.

[Gurujebs]

Entrepreneurship can be very discouraging, and even if an entrepreneur has other factors necessary to make the business successful, if the entrepreneur loses passion and commitment to their business, the business will collapse hence before you venture into the field of entrepreneurship make sure that what you're about to start is something that you are passionate about because it is the passion that you have that will keep the business going even when you are about to feel discouraged.

For entrepreneurship to flourish in a country, it's not just their personal factors and activeness that made them successful, the country where an entrepreneur established a business is very important and if it doesn't favor you, there is no way the business is going to flourish and do well, the government has to be supportive in many ways.

Entrepreneurs can be successful without the government backing such a loan, graft and overdraft for them to do well, they need a stabilize currency without too much of inflation, unsteady of these shake every entrepreneurs and it discourage them.

[Dr.Bitcoin_Strange]

Yes, I agree with you on those points you mentioned. Good location, customers relationship etc. You can also bring in new innovations, advertising your business on social media or media houses. Given discounts and bonus attract more customers, that will help to improve the success of your business.

Yes, you are right, all this things you have mentioned are really the most important thing that drives customer most faster without any stress, as far as you are doing the right thing like giving out discount to customers will really be of help in order for business to grow, because pepper like it when they are being given discount or bonus in whatever thing they purchase.

[bisdak40]

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.

Business success depends on key factors. Innovation allows your business to stay competitive by improving your product or service. Financial management will enable you to manage your budget wisely and maintain profitability. Adaptability allows you to adapt to changes in the market. Effective marketing helps you reach your audience, and strong leadership guides your team. Providing quality products and maintaining good customer relationships will build loyalty and promote long-term success.

[Dr.Bitcoin_Strange]

Business success depends on key factors. Innovation allows your business to stay competitive by improving your product or service. Financial management will enable you to manage your budget wisely and maintain profitability. Adaptability allows you to adapt to changes in the market. Effective marketing helps you reach your audience, and strong leadership guides your team. Providing quality products and maintaining good customer relationships will build loyalty and promote long-term success.

I couldn't agree more with you, I think you've made quite an impressive summary of the whole thing,  the various key factors you've listed above are indeed very crucial when it has to do with driving business success, as well as business sustainability.  When a businessman chooses to prioritize innovation,  adaptability, financial management, strong and effective marketing strategy, strong leadership,  quality products and finally good customer relationships, the business will indeed stay ahead in the competitive market and can easily achieve their goals. Although it takes a lot to be able to apply all of these, it takes dedication,  a great deal of hard work and commitment,  but you can be quite sure that if you're able to make the proper sacrifices,  the rewards will indeed be worth the sacrifices.

[Aanuoluwatofunmi]

Consistencies, determination and experience, if all these were meant, then a business is likely to hold and be sustained for long, many are just eager to start doing a business but they lack the necessary and adequate preparations needed to be in place in other for them to achieve a better result form doing it, there is a standard culture in which every business model have to follow and this have to start with the management and resources of the business, location and target mode of engagement and their likes in other to have up to expectation.

[Aanuoluwatofunmi]

What you have to offer to the people is one of the most important drive for a business to strive and exist, some will look into a specific area in which there is high demand of needs or solution needed and they will fit in such gap and take opportunity by what they have to offer, also, knowing how to sustain a business is an effective means to see it work out as we have expected, and this have to do with business management skill we have acquired.

[Hatchy]

Aside these aforementioned factors you have listed that a successful business can be driven by, there are others which are; staying innovative, Effective marketing, Effective branding, and sound financial management which to me should be seen as the most important of them all because every business needs finance and if it is not managed by the right hands, the business is destined to suffer alot of damages...but all these factors combined are very crucial to sustaining long-term success in any good business.The synergy between these factors often determines the total outcome.

[albon]

To start a business one has to undertake a specific project and then start with strategy, funding, patience, planning everything. You first start the business by setting up a department store in your area. You notice exactly which type of product is in high demand in that area. Run your business with products that will be in high demand. Work patiently according to the plan for a few days and then expand your business. In the beginning, don't just work for profit so offer various perks to attract the mind of the buyers first of the business. Your business may be small or large in size but always work towards customer satisfaction. Because the more customers like your service then the faster you can become a successful businessman.

[Agbe]

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.

  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