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Business Success Based on Six Factors

Part of the Starting & Running a Business All-in-One For Dummies Cheat Sheet (UK Edition)

A combination of several fundamental factors determine the success of a business. Refer to the following important points to make sure that you are covering all vital areas:

  • Plans: Company mission, vision, goals, and objectives that all work together.

  • Organisation: A structure for your company that makes sense.

  • Procedures: Efficient and effective ways of doing things.

  • Leadership: An ability to influence and encourage others around you.

  • Skills: The talents and expertise your people need to succeed.

  • Culture: Beliefs and attitudes that lead to doing the right thing.

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