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Question - Topics: Economy, Finance, Money
GEO: World Wide
carney
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Posted On: 2014-07-04 11:54:38
Viewed: 1617
What are Key principles to business success?

One of the basic principles to business success is:
"Buy low and sell high"
that is obvious enough. What have you found to be some other Key principles to business success? Please explain.

Answers & Comments: 10
Europal
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4 years 8 months ago

Plan your business idea to extreme detail.
Then make sure you have the financing to execute each step.
Do not forget that unless you are running a street based business then Marketing/Advertising is one of the most important KEYS to success. If you do not have the proper financing for each step then narrow your focus until you sure to have the the proper financing for each step.
Follow above Key principles to business success. Cheerio :)
mannan970
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4 years 8 months ago

Love your work, work with love.
Bridge
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4 years 8 months ago

The three S's
Staying Focused
Satisfied Customers
Success
greenmountain
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4 years 8 months ago

I think Buyking has the most excellent Meta answer to your all question. But to drill a little deeper, to something more tangible, I would say the Answer to your question is to be well capitalized. Thus you can ensure than no link in the chain is weak. Now the problem of course is that only Wall Street backed companies has access to all the Capital needed and typical small business does not have that luxury. So that is an answer but an answer that may not help you if you are like 99% of new business owners and are not Wall Street backed.
Fardoush
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4 years 8 months ago

The Key to business success is to Love what you are doing and going what you Love.



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