7 KEY TIPS TO ACHIEVING SUCCESS IN YOUR BUSINESS

THE RIGHT STEPS TO ACHIEVING SUCCESS IN YOUR BUSINESS

To be a successful business owner or succeed in any business today, you need to have good planning and organization skills. To achieve this, you need to do necessary steps  to achieve success:

  1. Be creative: in any business one needs to be extraordinary by carrying out business operation in the best way. In Nigeria, for example,  I believe if you package and market the smallest of product in the most creative way, even if the quality or quantity is low, you’d still enjoy good sales.
  2. Get organized: For any business to thrive, organization is very important. You must have a good plan and stick to it. Creating a to-do-list is the best way to plan what you intend to do following a day-by-day regimen so you don’t end up leaving the necessary things undone for the unnecessary things.
  3. Stay focused: There is a quote that we all say but we often fail to appreciate, it goes thus ‘ Rome was not built in a day’. Yes but Rome was eventually built! Hence in any business organization there must be determination and focus on a particular goal you want to achieve. Once you have your goal, stay focused on it.
  4. Understand the risk and reward: In establishing any business you must have two things in mind, you may  lose or you gain. If you don’t have these things in mind your business can’t be a progressive one. Know when to take risks and always have it at the back of your mind when taking risks it’s either you win or you lose. Like they say, ‘risk taking is important but risk assessment is important.’
  5. Analyze your competition : To succeed in any business, you must not be afraid to learn from your competitor. Make it one of your to do list to check out businesses similar to yours that are doing better than you do. Find out what they are doing right and wrong and use that as a template for pushing your business to the next level.There may be something he/she is doing that you are lacking. So to make Your business grow you need to learn from them. Also cultivate a healthy behavior towards your competition stop looking for there flaws, focus on your business more. The sky is big enough for all birds to fly.
  6. Keep detailed record: All successful businesses must have a well kept detailed record . This allows you keep track of your progress and enables  you to know the challenges you are facing in your business which will enhance you to develop more business ideology and find the best way of conquering your challenges.
  7. Provide great services: Customer care plays a very significant role in every business organization.The way you interact with your customers goes a long way with your business, even if your product are expensive and you relate with your customers in the best way it will be very hard for them to think about your competitors.

If we can afford to put this into practice I believe there won’t be any problem in investing in any business or moving forward in businesses.

Here are little tips for you on what damages your business growth

Tips that damage businesses are:

  1. Too little financing
  2. Bad location
  3.  Expanding too fast
  4. Not learning more on the business

Some success strategies on business are:

  1. Hire the right player(s)
  2. Bring in expert advice
  3. Understand the cost.

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Write up by OLAWOYIN BARAKAT OMOTOLA

you can connect with Barakat on olawoyinanike@gmail.com

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