How to Achieve Real Success in Business: Five Breezy Tips

Achieving real success should be the goal of any good businessman. But what is real success? I believe that it is no just money, or instant growth. In my opinion real success is composed of the following factors. Good growth, good reputation and above all peace of mind. In this short exposure I try to elaborate on five factors pertinent in achieving this real success.

1. Do your homework and planning

Before starting a business you should study the background carefully. Many people ends up as losers only because they starts a business seeing the outside glitter. So talk with people doing similar business, customers and various others who are involved in similar business lines.

2. Be straightforward.

Even thought businessmen are believed to be cunning, a cunning person never gets peace of mind. It is always better to do things in the clean way. This does not mean that you should be foolish or to be cheated by others. You should be intelligent enough to understand others cunningness, but should be straightforward in your dealings.

3. Don't be greedy

Greed in any form is likely to cause peril in the long run. Taking huge profit from an unaware customer base may increase your growth temporarily, but will surely affect you in the long run and may even result in the collapse of a business. History shows that many business empires achieving such abnormal growth tend to terminate quickly. So insist on steady growth even if it is slow.

4. Insist on quality

Delivering a low quality product or service at a lower cost may increase your profitability, but is likely to obliterate to you in the long run. The customers now satisfied will turn against you when low quality shows out. Also remember that bad reputation travels faster and is difficult to remove! So insist on quality products and services even at a higher price.

5. Don't gamble in business.

Remember that Murphy's Law applies in business many times. So indiscriminate gambling may result in the collapse of your business. This doesn't mean that you should not take a calculated risk. But you should be able to survive even when things turn against you.

Kannan Balakrishnan is a faculty in Computer Science from an Indian university. He can be contacted on kannanb@post.com.

---

Small Business Ideas - Your Image Can Lose You Business

What image do you and your people portray to your... Read More

Corporate Shells

A corporate shell could be liken to a house that... Read More

Breaking The Chains!

Everyday, customers and business owners are bombarded with billboards, logos,... Read More

Cleaning Grain Silos, Towers, Containers, and Combines

If you run a pressure washing company in a rural... Read More

Three Small Business Secrets to Getting More Billable Time

As small business owners we're in business to make money... Read More

How to Wash Mobile Homes as a Business

Washing manufactured homes, mobile homes, can be a lucrative and... Read More

7 Cash Flow Secrets Your Accountant Never Told You

Looking for ways to boost your cash flow? As a... Read More

Is a Small Business Web Site a Wise Investment?

One of the greatest pitfalls in e-commerce is Field of... Read More

Shocking Experienced Copywriter Reveals Little-known Secrets To Closing BIG Ticket Deals!

Hogwash!That's what I say to people who tell me that... Read More

Going Public: Now that You Have Successfully Made the Transition, What Do You Do?

Ok, you have successfully accomplished your dream of being the... Read More

Encouraging Your Customers to Pay On Time

Nothing can drive a business down faster than customers who... Read More

Carwash Manual Sample Outline

Car wash businesses are unique to other businesses. In fact... Read More

Earn More Money in Your Small Business by Creating a PIG

If you really want to earn more money with your... Read More

Small Does Not Mean Invisible!

Running a business on the net these days can be... Read More

6 Steps to a Successful Medical Spa Expansion

According to the American Society for Aesthetic Plastic Surgery, since... Read More

How to Manage Your Pipeline

How is your pipeline structured?I assume most of you have... Read More

3 Ways To Make Certain Your Business Fails

Most small businesses incorporated in 2005 will fail by the... Read More

Temporary Staffing Agency: How to Start

The temporary staffing industry continues to expand, with yearly double-digit... Read More

The Virtual Assistant

As a small business owner, outsourcing work to Virtual Assistants... Read More

Creating a Power Plan

Part of the power plan is making sure you have... Read More

Why Do Franchisors have Exclusive Territories

The reason we Franchisors call it an exclusive territory is... Read More

Naming Your Business: 3 Tips To Ensure Success

If you are just starting your business, or if you... Read More

Fleet Washing Operations Manual Sample Outline

In the Truck Washing Business every single type of vehicle... Read More

Small Business CRM Is Here To Stay

If you ask most small business owners what priority CRM... Read More

Presentations and Sales Automotive Detailers

Many auto detailers fall short in their sales presentations. I... Read More

Pet Grooming Business

Do you like animals? Would you like to work for... Read More

Who Does Over Disclosure Really Hurt In Franchising?

Costs of over regulation and over disclosure end up hurting... Read More

Sex Up Your Business Growth

A top executive called up me late in the night.... Read More

The Key to Creating Total System Empowerment

In this paper, I will:1. provide a framework for creating... Read More

Practical Money-Saving Tips For Small Businesses

One of the primary concerns all small businesses have is... Read More

Low Cost or Highly Funded Start Up

Many new ventures are preoccupied with all the money they... Read More

The Key To Success - Choose The Right Partners

Do you promote yourself as offering prompt, reliable and quality... Read More

Successful Small Businesses Use PR

It's obvious when a small business has accepted the fact... Read More