Plan to Become a Successful Business

When planning a new business or developing an existing one, it is useful to have a gut feel for the characteristics of a successful business. Here are some criteria against which to measure your business or its plan:

1. Sensibly financed (with prudent mix of equity and debt).
2. Strong cash position (with access to follow-on or contingency funds).
3. Offers above-average profitability (in terms of return on capital invested).
4. Aims for rapid growth in revenues (with profits lagging but in prospect).
5. Targets expanding, or otherwise attractive, market segments.
6. Develops a strong franchise or brand.
7. Devotes substantial resources to innovation (R&D, offerings or market).
8. Competes on non-price issues (e.g. quality, service, functionality).
9. Very close to customers and responsive to their needs.
10. Seeks specialist/leadership image with superior offerings.
11. Well managed with high-grade staff & good people-management.

Keywords: profits lagging,innovation,superior offerings,market segments,Targets expanding,Strong cash position,successful business,Sensibly financed

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If you become a successful business man, then it is necessary to firstly check the investment amount you have, and then see the area or portfolio from where you invest, and then see the most important thing is that the future benefit, as a investor you will see the future benefit firstly...