Best way to grow a successful business

KacieParkerKacieParker Posts: 1subscriber
edited September 2014 in Growth Funding
The best tip to growing a successful business is figuring out how to get residual revenues from your customers.
«1

Comments

  • TrishnikolicTrishnikolic Posts: 1subscriber
    To succeed in business today, you need to be flexible and have good planning and organizational skills. Also be innovative and always look for the ways to improve your business and come up with your USP to make it stand out from the competition.
  • MariaFrolovaMariaFrolova Posts: 0subscriber
    One must be suitable for every day changes.
  • martin0436martin0436 Posts: 0subscriber
    If you want to grow a successful business, one important thing that you should do and that is being in touch with your customers emotionally and professionally as well. If you get the feedback from the customers in a positive way, then it means you are on the right way.....
  • devbpo2012devbpo2012 Posts: 0subscriber
    To grow your business, you need to work on each of these areas. The Business Sense survey is not only interesting, but also gives small businesses an advantage of big businesses. Strategies are important because they give us something concrete. They endure while techniques may come and go.
  • janie_billjanie_bill Posts: 0subscriber
    Business is about putting clever techniques in your venture to make it liked by everyone customer who comes across it. Once it gets acknowledgement then comes the task of earning profit through it and the best way is to get revenues that is done with keeping in mind, customers' satisfaction at the end of the day.
  • chcir88ssnchcir88ssn Posts: 0subscriber
    Everybody has some different definition of desire and success. I like to play online casino games and want to be succeed here. If you have the chance to earn money by gaming then why not ?
  • mjohnmjohn Posts: 0subscriber
    A good responsive list can pay you for years. As long as you provide your list with good quality content and you continue to build your list with new customers, it's almost like having the ability to print money.
  • mjohnmjohn Posts: 0subscriber
    A good responsive list can pay you for years. As long as you provide your list with good quality content and you continue to build your list with new customers, it's almost like having the ability to print money.
  • mjohnmjohn Posts: 0subscriber
    A good responsive list can pay you for years. As long as you provide your list with good quality content and you continue to build your list with new customers, it's almost like having the ability to print money.
  • yourekiddingrightyourekiddingright Posts: 0subscriber
    mjohn - doesn't it help that one is able to provide this list with a product(s) that people will actually want?
  • carlecot88ssncarlecot88ssn Posts: 0subscriber
    The definition of success varies from man to man. But success has a common meaning also to everyone and everyone wants to be succeed. To grow a successful business proper planning is a must. You have to know all about it like how much earning will you get from it and how much risk you have to carry etc.
  • rachelscottrachelscott Posts: 0subscriber Member
    Fulfilling the customer needs is most important in business and targeting the right audience otherwise you'll be wasting time and investment as well
  • thebakerymanthebakeryman Posts: 1subscriber
    Hey guys! I’m new to this site, but I just want to let you know of a really great resource to getting a fast business loan or access to working capital.  I just got a cash deposited in my business account for $45,000 even though I have bad credit (below 500 fico score)!  I’ve been running my business for 2 years and I’ve had a few bad runs with my credit in the past.
     
    ==> Check them out at [url=http://www.GlobalBusinessLenders.com&nbsp;]www.GlobalBusinessLenders.com [/url] <==
     
    Thought this might help you guys out when looking at options for working capital.
    The Bakery Man!
  • TheResourcefulCEOTheResourcefulCEO Posts: 0subscriber
    The best way to grow a successful business depends on the person. There's no one size fits all. It depends on what your near-term, mid-term and long-term plans are for yourself and your family. It depends on the type of business and your goals for the business. 
     
    A few behaviors will drive you. Always know your company's cash position in advance. If you need $50,000 in cash to pay employees and vendors but have none, you could go out of business in weeks even though your income statement says your company is profitable. By knowing your business' cash needs in advance, you have time to raise funds from banks loans, receivable financing, credit cards, lines of credit, investors, etc.
     
    You must know what you want out of your business. To do that, you must know what you want. If you want a net worth of $50 million or more to buy nice toys, travel the world and become a philanthropist, you need to scale one or more businesses quickly, then sell or do an IPO. You would not consider your business successful if you only generated $125,000 in net income to yourself each year and no one wanted to buy it.
     
    On the other hand, if you want a business that gives you flexibility, plenty of time with your family, a nice, steady income and low stress, your concept of a successful business drastically differs. Your successful business is one that eventually requires perhaps 10-30 hours of your time each week. You can grow it quickly to hire external managers or you can structure a business that doesn't require you to work continuously between 8am - 5 pm.
     
    Everyone's idea of success differs. What is success for me, is not success for her, and vice versa. To build a sellable business you must operationalize your activities, transfer all your regular activities to machinery, software, employees or independent contractors. When you try to do it all, you limit your business significantly and will never have a truly successful "business." At the most you'll have a great job working for yourself.
     
    Best regards,
    Tiffany
    The Resourceful CEO
  • user2837user2837 Posts: 1subscriber Member
    Time commitment and persistence is key.
«1
Sign In or Register to comment.