What are the key factors that you have applied to succeed in the business venture?

[Xtynehappy]

I can say that the economy in my country is so much ravaged that it's really very difficult for one to succeed in business venture.
So what are the key factors to put in place for one to get going with business?

 

[Nomad]

I am mainly focusing on building my social media followers through ads. Once I manage to build huge followers, I can promote to my followers and generate slaes

 

[Suba]

You must have a business idea that is needed by many people such as grocery stores, cooking gas agents, besides that you also need capital even though it is not much, start from a small business, some of the profits you get are reinvested so that the capital will be even greater. Other important factors are seriousness, tenacity and not easily discouraged. Good luck.

 

[King Belieal]

The key factor that I have used to succeed in my business is market segmentation. It has helped me to serve customers according to what they specifically need.

 

[eLdavis]

At the moment I want to put in more effort in advertising and promoting my business through the use of social media. Hopefully if I get the desired results from there, I can move on to the next step.

 

[SilverLance]

Develop a comprehensive business plan that outlines your goals, strategies, financial projections, and marketing plans.

 

[Augusta]

Creating awareness for a business through advertising and promoting a business is vital you would get the desired results if done rightly

 

[SilverLance]

Be flexible and ready to change direction when needed is important to keep up with the trends.

 

[Xtynehappy]

For business to succeed the business managers should set some achievable goals, try to understand your customer needs, making research on your competition among others.

 

[SilverLance]

Setting achievable goals sure gives the business a clear path and boosts motivation for success.

 

[Xtynehappy]

Studying about what the other business associates are doing and making your business very unique can speed up the success rate on the business.

 

[SilverLance]

Studying your competition and using that knowledge to differentiate your business and offer something unique, you can set yourself apart and attract more customers. This can definitely help accelerate the success rate of your business.