Maintain your old Siemens Hipath system

The Top 10 Reasons Businesses Succeed

Only one of every 5 businesses makes it to its 5th year, and fewer still make it to 10 years. What do the successful businesses have in common?

1. The experience and skills of the top managers. Over half of business failures are directly related to managerial incompetence.

2. The energy, persistence and resourcefulness (the will to make the business succeed) of the top managers. Many business owners have failed or come close several times before their "instant" success. Don't give up.

3. A product that is at least a cut above the competition and service that doesn't get in the way of people buying. There must be a compelling reason to buy; the product is great, the people love to provide service, and the buying experience is easy and fun.

4. The ability to create a "buzz" around the product with aggressive and strategic marketing. Make scarce marketing resources count. Do as much homework about your customers and their choices as you can before investing your marketing dollars.

5. Deal-making skills to sell the product at the highest possible price given your market. It comes down to your customers' perception of the value of your product and sometimes the power of your personality.

6. The ability to keep developing new products to retain and build a customer base. Consider gradual product development based on improvements to the current product line and sold to the current customer base.

7. Deal-making skills to work with resource suppliers to keep costs low. Keeping costs lower than competitors' and continuing to look for cost reductions even when the business is profitable is key.

8. The maturity to treat employees, suppliers and partners fairly and respectfully. Trust and respect result in productivity increases in ways that may be difficult to see and quantify.

9. Superior location and/or promotion creating a connection between your product and where it can be obtained. Studies have shown it can take seeing your product or name seven times before a customer is ready to buy.

10. A steady source of business during both good economic times and downturns. Over the long term, develop a product mix that will include winners during good economic times and other winners when times are tough.

About The Author

Jan B. King is the former President & CEO of Merritt Publishing, a top 50 woman-owned and run business in Los Angeles and the author of Business Plans to Game Plans: A Practical System for Turning Strategies into Action (John Wiley & Sons, 2004). She has helped hundreds of businesses with her book and her ebooks, The Do-It-Yourself Business Plan Workbook, and The Do-It-Yourself Game Plan Workbook. See www.janbking.com for more information.

You have permission to publish this article electronically or in print, free of charge, as long as the byline is included. A courtesy copy of your publication would be appreciated.

janbking0191@sbcglobal.net

In The News:

Hong Kong set for more protests despite extradition bill suspension
Sun, 16 Jun 2019 03:33:00 +0100
Hong Kong is preparing for more huge protests today over the controversial and unpopular extradition bill that has come under heavy criticism.

Appeasement in Hong Kong fails as divisions deepen
Sat, 15 Jun 2019 17:53:00 +0100
On a bridge by Hong Kong's government headquarters, messages to the authorities plaster the walls.

Let's hope the UK has a strategy to protect its tech from espionage and rivalry
Sun, 16 Jun 2019 05:37:00 +0100


Priests wear hard hats at first Notre Dame mass since fire
Sat, 15 Jun 2019 18:43:00 +0100
Notre Dame in Paris held its first Mass since the fire which caused enormous damage to the cathedral's roof and destroyed its spire.

India face Pakistan in 'mother of all matches' at Cricket World Cup
Sat, 15 Jun 2019 16:22:00 +0100
Billions of eyes will be fixed on one of the biggest sporting fixtures in the world as neighbouring countries and arch rivals, India and Pakistan, go head to head in what is expected to be a thrilling Cricket World Cup showdown in Manchester on Sunday. 



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

11 Things Small Business Owners Can Learn From Michael Dell

1. Think Big ? In college, Michael Dell said he... Read More

11 Things Small Business Owners Can Learn From Star Wars

1. Great Things Take Time ? Three years passed between... Read More

How To Eliminate Your Competition Without Bloodshed

So how do you eliminate your competition without bloodshed? You... Read More

Surviving When Clients Arent Rolling In

As the holiday season starts to settle in, the workload... Read More

10 Things To Do Before You Start Your Business

If you are thinking of starting a new business, or... Read More

The Warning signs of Online Fraud and How To Avoid It

The number may seem grim for Web-based commerce. In 2004... Read More

7 Money Saving Tips to Decrease Home Business Expenses

We all know that running a home business is highly... Read More

The Lazy Person Secrets To Overnight Wealth And Fame

There are so many simple, yet really sure-fire ways of... Read More

Top Ten Tips: Where to Get the Best Business Books Now!

There are many places you can get books, and I... Read More

My 7 Most Important Business Lessons

Millions of people start new small businesses in the United... Read More

Top 10 Steps to Build Your Professional Practice Now!

1. Examine everything in your office from the view of... Read More

Increase Business Profits - Ten Ways

How do you increase business profits? Answer the following questions... Read More

Top Ten Reasons to Write a Sales Letter for Each Product? - Part 2

Authors/publishers are great at getting their books written. Entrepreneurs know... Read More

Ten Ways to Manage a Rapidly Growing Business

While some new business owners face the issue of not... Read More

7 Ways To Make A GREAT First Impression!

1. Focus on the other Being known as a... Read More

Home Furnishings in India : How to Find an Exporter,manufacturer or Supplier ? Beyond a Database.

Looking for a manufacturer or supplier of home furnishings in... Read More

Top Ten Ways to Develop New Success Habits

1. Make a clear, specific commitment to what you want.... Read More

10 Things To Do When Business Slows Down Over The Holidays

I'm sure you've seen it happen every year: your business... Read More

10 Marketing Tips For Your Business

Here are a few ideas to get you started, all... Read More

The Top Ten Qualities that Allow Business Operations to Grow Easily

My husband and I were enjoying our dinner meal one... Read More

10 Tips to Successfully Use Business Networking as a Marketing Strategy

Networking is probably the best way to build a profitable... Read More

Positioning Your Company for Debt Financing

Positioning Your Company for Debt Financing:There was a time in... Read More

How To Move Your Business Online in 7 Steps

So you have set up your company, fairly established and... Read More

The Top Ten Ways to Attract Buyers, Not Just Visitors to your Web Site

Have you put a lot of effort, time, and money... Read More

10 Compelling Reasons Not to Downsize

Almost daily, newspapers, business magazines, radio and television carry reports... Read More