What are the fundamental elements of a successful business?
6 BUSINESS FUNDAMENTALS FOR SUCCESS
- Sell a product/service that the marketplace wants.
- Your company has a competitive advantage that is formidable.
- You have a marketing message that resonates with your target customer.
- Your pricing allows for an attractive profit margin.
- You have a staff that is talented enough to meet and preferably exceed your customers’ expectations.
- You manage money in a way to afford talented staff, systematically market, create reserves for downturns, and afford to invest in growth opportunities.
