ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::Entrepreneurialism

What it Takes to Succeed in Business!

Author : Murad Ali
Business if tough in today’s world! Most small businesses go bankrupt or are closed abruptly in the first five years. Over the course of the next five years many of the remainders also “pack up” shop and lock their doors. Why do so many businesses fail?



The reasons lie in three main spheres. Those spheres of influence can be labeled personal, customer, and operations.



The Personal Sphere deals with the owner’s personal motivation to start a business. For example, if an owner wants to start their own business, but isn’t willing to make the sacrifices necessary to make it thrive, then they are at a disadvantage when compared to other motivated businesspeople. When a business starts for the first time often it doesn’t have a lot of money. Owners are required to sacrifice time, money, and happiness to succeed. If you can’t do that, it is unlikely that such a business will flourish. Many times owners thought they could handle the hardship but once the novelty of “being your own boss” wears off they close the door.



The Customer Sphere is one of the most important components of your business. Without customers you do not have sales, without sales you do not have money and without money you do not have a business. Many factors go into generating a good customer base. In the beginning you must have a cost effective marketing strategy that targets your intended buyers. This can be done by developing a psychological profile of your customer and then advertising in those places that they frequent. Because it is more expensive to get a new customer than it is to keep one you must make sure they are satisfied with your business and product. Keep in touch with them by sending them a follow-up letter with a survey.



The Operations Sphere is only second to the Customer Sphere. In operations you must have an appropriate method of reducing costs, keeping track of paperwork, and maintaining improvement. Operations can also take into effect the tax paperwork, accounting, scheduling of workers, benefits or any non-producing functions.



If all of these three components are well thought out and are appropriately designed you will increases your chances of survival. Failure to understand the integral details of your business and what it takes to succeed may mean failure in the long run. If you are having difficulty putting all the pieces together then consider a small business consultant.


Article Source: http://www.articledashboard.com





Murad Ali is the published author of “A Call to Greatness: Reforming the Muslim World” and “An American Mecca: A New Muslim Homeland” available at most large bookstore websites. He is also the editor of the Muslim Times and a doctoral student. For more articles like this one please visit www.muradenterprises.org





Spam emails More free articles

Related articles


  1. 10 Tips for Would-be Entrepreneurs
  2. Fear of Failure
  3. Envisioneering
  4. Dream It, Create It, Become It! Design a Dream Board
  5. Entrepreneurial Traits that Drive Sales
  6. The Cockroach Test
  7. Online Women Entrepreneurs Need To Pace Themselves
  8. Lessons Learned from One Entrepreneur on Vioxx
  9. The Desire For Money, Do You Have Business Sense?
  10. Walt Disney's Failures Could Inspire Entrepreneurs
  11. Part-Time/In-Home Business - Low Expense and Low Risk
  12. Executive Suites - A Way To Save Cash
  13. Surviving the Three Pitfalls of Business Ownership
  14. Starting a Company on a Shoe-String Budget
  15. Use Your Youth To Your Advantage
  16. Why Every Student Should Start a Business
  17. Franchises - Emotional Fulfillment - The Challenge
  18. Bring That Difference To Your Business!
  19. Curb Your Enthusiasm
  20. Be an Entrepreneur
  21. Youth Entrepreneurship, A Disappointing Truth
  22. Before Getting A Franchise
  23. Franchises - A Proven Business System
  24. Great Tips Of Choosing An Office
  25. Is Now the Right Time to Become An Entrepreneur?
More related feeds
Do You Have What It Takes? Succeed With Your Own Home Business ...
There are many entrepreneurs that rush online over and over to search for a home business that they can start running. There are many different businesses that everyone can start. One item that many don't understand is that it takes ...

Peter Clothier: How (Not) to Succeed in Business (://URLFAN)
Peter Clothier: How (Not) to Succeed in Business. Post Date: Nov 21, 2008 8:53 a.m. Ranked website: madwithpower.com (Not Ranked Yet). For full text please visit source: http://feedproxy.google.com/~r/MadWithPower/~3/X6wfPAc5YZI/ ...

Indocquent.com: Got the Right Stuff To Be an Entrepreneur? Find ...
Do you have what it takes to make it as a business owner? Making a realistic assessment of your skills, abilities, and interests should be considered essential. You most likely will not fit the entrepreneur profile exactly, ...

How to make money on the Internet and Succeed
You may not make profit millions in a years time period but it takes relentless activity and some intelligence. Determine your Internet niche based on your knowlegde and interest and it pursue it. Don't become flushed if you do not earn ...

Wal-Mart names Duke to succeed Scott as CEO
David Nassar, director of the union-backed group Wal-Mart Watch - which has been pushing for Wal-Mart to make changes to its business practices - said he did not think the change could be divorced from the broader political backdrop. ...

The Entrepreneurialism: Are You A Bobblehead
Tommy Yan helps business owners and entrepreneurs make more money through direct response marketing. He publishes Tommy's Tease weekly e-zine to inspire people to succeed in business and personal growth. Get your free subscription today ...

Do Good Business as a Heavy Equipment Trader
You should be aware of the potential dangers and ensure that you plan out your trading business in heavy equipment to keep it safe and sound. Adapting to changes in the market trends is important to succeed and do good business as a ...

What it takes to succeed in business. | AG Communications Group
What it takes to succeed in business. Posted by Adrianne on July 12, 2008 under entrepreneurs |. Depending on whose figures you're looking at, in the USA, 90% of all new small businesses will fail in their first 5 to 10 years. ...

Do You Have What it Takes to Succeed? | David S. Finch
If you wait until January then it's to late. Having the proper tools can launch you in to a successful new year a step ahead of the crowd. Do you have what it takes to succeed? A Detail Plan A blueprint, business plan, master-list. ...

Effective Leadership: Be Conscious of the Group | Internet ...
By learning these skills, managers will have much more efficient teams, people working together, to complete the company?s goals. That?s what it takes to remain competitive and that?s what it takes to succeed. ...

 


 

© 2007 articlesreader.com - All Rights Reserved