What are the main things for developing a successful business?

Paperwork (a lot of it), a clean store, a good customer service attitude, and a good location.
 
A successful business should include:

1) A product or service that you believe in.
2) Is there a demand/customer base for said product/service?
3) Location (if physical location). As Dindu Nuffin mentioned.
4) Customer Service. As Dindu Nuffin mentioned.
5) Advertising/Social Media Platforms. Make sure your customers can find you!
6) Strong work ethic/leadership.
7)Patience. Some businesses take awhile to develop a steady/growing customer base.
 
waffles said:
A successful business should include:

1) A product or service that you believe in.
2) Is there a demand/customer base for said product/service?
3) Location (if physical location). As Dindu Nuffin mentioned.
4) Customer Service. As Dindu Nuffin mentioned.
5) Advertising/Social Media Platforms. Make sure your customers can find you!
6) Strong work ethic/leadership.
7)Patience. Some businesses take awhile to develop a steady/growing customer base.
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Nicely said waffles. This totally relates to my world right now...
 
  • Get Organized. To achieve business success you need to be organized. ...
  • Keep Detailed Records. All successful businesses keep detailed records. ...
  • Analyze Your Competition. Competition breeds the best results. ...
  • Understand the Risks and Rewards. ...
  • Be Creative. ...
  • Stay Focused. ...
  • Prepare to Make Sacrifices. ...
  • Provide Great Service
 
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You need a great idea first. Second - confidence. So many businesses where not successful just because their owners gave up too soon. Third - good financial strategy,Trustworthy and hardworking team is also one of the most important factors.
 
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Money. No Mooney no success. Yes money, bad decisions, no success. No chops on the barbie, no success too. PM me for further info. Peace!
 
Whatever the concept or the strength of the idea, a business thrives on only one thing - cash.

There’s a saying that “turnover is vanity, profit is sanity” but even that isn’t quite right.

Cash is the lifeblood of a business and if you don’t have decent cash flow, you won’t have a successful business.

On paper you can have huge turnover and even decent profit margins but without the cash flowing through you won’t be able to pay your overheads and generate real profit.

Those who are savvy will set a goal of how much they want to draw out of the business and how much free cash should stay in; the business needs take priority over drawing anything out for the owners.
 
Reva said:
Your opinions?
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Business plan, budgeting, accounting, management team, marketing team, social media interfaces, and the hardest stuff of all business... actually sell your product/service (i own 3 business and only 1 is successful following these points) thorough business plan step by step from pre-planning to pre-launching to post launch is probably ur best bet
 
Lol it's so funny when people copy paste ****** 🤣 btw kiddo u only copy paste the 1st bullet points you need way more than just being organized and keeping records 🤣
 
Lots of great ideas in this thread, I wanted to add a small bit that nobody said though.
Consistency. Very important to be as consistent as you can in every area possible. If your hours are 9-5, be there from 9-5. You make food? Needs to taste the same every time. Be consistent with your record keeping. Told a customer you’d be there at 7, be there at 7. Consistency breeds trust. If someone trusts they are more likely to buy.
 
!tulsa! said:
Lots of great ideas in this thread, I wanted to add a small bit that nobody said though.
Consistency. Very important to be as consistent as you can in every area possible. If your hours are 9-5, be there from 9-5. You make food? Needs to taste the same every time. Be consistent with your record keeping. Told a customer you’d be there at 7, be there at 7. Consistency breeds trust. If someone trusts they are more likely to buy.
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Very much agree with consistency. Being a professional means more than just getting paid for something once or twice. It also means delivering the quality of work you promised, time and time again no matter what the circumstances (terrible client, bad lighting, etc.) and always on time. Whether that means losing sleep for a night to hit a deadline or cancelling something fun you had to do today because the client needs you for another hour or two. 😭

If you're freelancer, you're only as good as your reputation within your chosen field. It.is.just.you. People talk, (sometimes on a chat site on less) and their words will get you hired or fired.

Pithy quote of the day: If ya ain't gonna grind, don't waste your time.

- Former Barista #4,564 (is that screename available?)
 
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