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Keys To Building A Successful Business
photo credit: Stars*Go*Blue
We all want to succeed at everything we do in life, especially that of a small business opening. You put so much effort, time and money into opening up your new business that of course you want to see it succeed in all aspects that it can. I recently came across a great article located on Open Forum that talks about the three simple keys to building a successful small business.
First, you have to be passionate about the product or service you’re providing. Every emerging business will have near-death experiences, and to get through them you need more than a financial incentive. You need to really care about what it is you’re trying to do.
Always be straightforward with everyone who is involved in your business. The more honest you are with your investors, customers, employees and others the better your business will ultimately be. When you hide things from people it has a way of backfiring and coming back to haunt you later on down the road.
Lastly and probably one of the more important keys is to be generous with your employees. Your first instinct may be to hold onto every little piece of stake and benefit that your business has to offer, but if you let go of some of these and offer “options” to your employees then they will in return work harder and smarter for you as they will be more motivated to do so.
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Corinne on June 28th, 2010 8:57 am
Good article Jaclyn. A key component of success in your business is being passionate. If you don’t enjoy what you’re doing you will not be very motivated. It’s crucial to have good relationships with your employees as well because that leads to a better work environment.
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