Achieving real success should be the goal of any good businessman. But what is real success? I believe that it is no just money, or instant growth. In my opinion real success is composed of the following factors. Good growth, good reputation and above all peace of mind. In this short exposure I try to elaborate on five factors pertinent in achieving this real success.
1. Do your homework and planning
Before starting a business you should study the background carefully. Many people ends up as losers only because they starts a business seeing the outside glitter. So talk with people doing similar business, customers and various others who are involved in similar business lines.
2. Be straightforward.
Even thought businessmen are believed to be cunning, a cunning person never gets peace of mind. It is always better to do things in the clean way. This does not mean that you should be foolish or to be cheated by others. You should be intelligent enough to understand others cunningness, but should be straightforward in your dealings.
3. Don't be greedy
Greed in any form is likely to cause peril in the long run. Taking huge profit from an unaware customer base may increase your growth temporarily, but will surely affect you in the long run and may even result in the collapse of a business. History shows that many business empires achieving such abnormal growth tend to terminate quickly. So insist on steady growth even if it is slow.
4. Insist on quality
Delivering a low quality product or service at a lower cost may increase your profitability, but is likely to obliterate to you in the long run. The customers now satisfied will turn against you when low quality shows out. Also remember that bad reputation travels faster and is difficult to remove! So insist on quality products and services even at a higher price.
5. Don't gamble in business.
Remember that Murphy's Law applies in business many times. So indiscriminate gambling may result in the collapse of your business. This doesn't mean that you should not take a calculated risk. But you should be able to survive even when things turn against you.
Kannan Balakrishnan is a faculty in Computer Science from an Indian university. He can be contacted on kannanb@post.com.
best cleaning company Lincolnshire ..On Monday the Department of Corporations in California revoked franchise... Read More
What is in an information plan?Before you even meet with... Read More
It seems so long ago that I started my first... Read More
I started working with another new client last week. He... Read More
As a home business proprietor, you may already realize why... Read More
As long as you eat and breathe you will stay... Read More
A thing worth doing is worth doing badly. Yes I... Read More
Here is an interesting case study of a company, which... Read More
First, we need to define the different kinds of skip... Read More
In the 2003 Auto Laundry News Survey it was determined... Read More
The Franchise Group at the Federal Trade Commission in all... Read More
10 Best Practices to consider as your SBIR negotiations approach... Read More
Time. As a small business owner, it's the commodity you... Read More
Approximately 200,000 new businesses are started each year. More people... Read More
How many "get rich schemes" have you joined? Or have... Read More
Do you know what your genius work is? It's the... Read More
The revenue history is a vital piece of your power... Read More
The key to organizational focus and helping those who need... Read More
We were more than excited. Our women's doubles tennis team... Read More
We are noticing an increase in the length of time... Read More
Announcements can be handed out as a business cardAnnouncements can... Read More
Small business owners often enter their field with great expectations.... Read More
1. Leadership Is Learned ? While many people appear to... Read More
Are you -- like 70 percent of small business owners... Read More
If you are looking for a franchise opportunity, the choice... Read More
on demand house cleaning Lake Forest ..Treat your business as a serious, full-time business and be... Read More
Why are we over regulation the franchising industry, what purpose... Read More
If you're like the rest of us, you've spent a... Read More
Many businesses offer small business franchise opportunities. There are many... Read More
Here are some sound debt collection techniques that can be... Read More
Manufactured and Mobile Home owners know that the weather this... Read More
If you own a mobile truck washing, pressure washing or... Read More
-- The One Pager Shortcut Series --An effective and compelling... Read More
Are you tired yet of all the books out there... Read More
A Small Business Opportunities Magazine is one of the new... Read More
Pity parties are nothing new. In fact, we do it... Read More
Most doctors never distinguish the difference between customers and patients.... Read More
You bet a name is important. Many small business owners... Read More
Are you -- like 70 percent of small business owners... Read More
In the first part of this article I put forward... Read More
On Monday the Department of Corporations in California revoked franchise... Read More
IntroductionIt is widely recognised that Email and the Internet is... Read More
The FTC, Federal Trade Commission, is considering modifying the franchise... Read More
A career coach could be simply defined your job seeking... Read More
Everyone wants to succeed in life. Most people want to... Read More
Sometimes the simple businesses are the ones, which make good... Read More
Free money! Receive up to $25,000 that never has to... Read More
Paper Shredding Business Opportunities are blossoming up everywhere because in... Read More
Most folks in the pressure washing business are happier to... Read More
Most pressure washing companies never look into some of the... Read More
Small Business |