To succeed in business you need an edge and the international business guru 10 tips for business success provides that edge. I’ve listed tips from business gurus like a sales guru, a management guru & even from a business guru guru, all designed to produce new business success.
Sadly business success eludes most business owners & entrepreneurs, for business success it helps if you receive support & mentoring from an international business guru.
Given that most business economists and statisticians agree that up to 95% of all new UK start up businesses will fail within the first 5 years it should come as no surprise to learn that to succeed in business especially for new business success you need an edge. Something that most business gurus consider a valuable asset for business success.
Consider other business success that have a much higher survival rate that the 95% of failed businesses. For example I recommend you study other new business success to identify their business edge.
For example, franchised businesses have a much higher success rate than conventional start up businesses. This is because most franchise operations have in-house business gurus, they also generally employ a management guru and sales guru to ensure you succeed in business.
If your business is global then you should be consulting with an international business guru to learn the 10 tips for achieving business success. For business success, especially new business success it is also worth contacting some of the business gurus associated with business incubation units as these also have an edge generally provided by a management guru and sales guru.
As a business growth specialist I am often asked what is the guaranteed magic formula to business success. The short answer is, there is no such formula. The only guarantee is, there are no guarantees.
If there were, every business would be successful, and the owner of the business success model would feature high up in the world’s top 100 richest individuals.
That said, there are however proven business success formulas for certain industry sector businesses. To view one such formula visit the businessconsultancyonestopshop page on business success.
A number of business gurus suggest another option is to open up a new conceptual business after carefully identifying certain ingredients which can increase the chance of business success while minimising the possibility of failure.
The following is what I call my international business guru 10 tips for business success. I implement these 10 tips whenever I visit a new or prospective business client who is looking to open up a new business or an established business looking to diversify into new revenue generating income streams from associated businesses.
These 10 tips are my own interpretation of what works and produces the very best chance of exponential business growth in a relatively short time frame while keeping an eye firmly on long term sustainability.
My 10 tips for business success feature my, must have Ingredients – the elements that any business should have to make it viable and workable. Succeed In Business International Business Guru 10 Tips For Business Success 1: Huge Demand
For any business to be successful, it must have a product that someone wants and needs. Succeed In Business International Business Guru 10 Tips For Business Success 2: A Proven Leader
It is essential for any company wishing to succeed to employ a dynamic visionary business leader. Someone who understands the dynamics of team work. Someone who is content to remain out of the limelight and focus on enabling other directors to increase their business performance.
Succeed In Business International Business Guru 10 Tips For Business Success 3: Low Maintenance
Who needs to spend all day on the phone servicing some product?
Succeed In Business International Business Guru 10 Tips For Business Success 4: No Stock
Do you really want to fill up your garage, or bedroom with a ton of products that no one will buy?
Succeed In Business International Business Guru 10 Tips For Business Success 5: Low Number Of Employees
Avoid the cost, the hiring headaches, the training. Keep the ratio pertinent to turnover.
Succeed In Business International Business Guru 10 Tips For Business Success 6: residual income
Do the work once and get paid over and over again. Your customers will remain with you month after month. Design a system where they’ll pay you each month, usually by Direct Debit or Standing Order.
Succeed In Business International Business Guru 10 Tips For Business Success 7: Respectability
Design a ‘win-win’ business that you can be proud of. Make sure your customers make more money. You both win with a profitable business which generates business respect.
Succeed In Business International Business Guru 10 Tips For Business Success 8: Low-Cost
Fail to plan – plan to fail. Map out your roadmap to long term success while keeping a firm grasp on your monthly overheads.
Succeed In Business International Business Guru 10 Tips For Business Success 9: Low Financial Risk
Minimise the risk by employing a specialist who clearly understands how to navigate and manage risk.
Succeed In Business International Business Guru 10 Tips For Business Success 10: Rapid Payback
Recoup your business investment in as quick a period as possible.
-The truth is, in many SME businesses it’s hard to incorporate a single one of these ‘Commandments For Business Success’. If you’re lucky you might get a few of them.
* Credit it is owed to an unknown author for some of the ingredients above. They were sent to me via an anonymous e-mail. If you are the copyright owner then contact me with proof and I’ll ensure I list your credit in future publications.