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  • Subject area(s): Marketing
  • Price: Free download
  • Published on: 14th September 2019
  • File format: Text
  • Number of pages: 2

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A lot of aspects come into play when a person wants to become a successful entrepreneur. Running a startup that will strive against all the odds to become a successful company requires commitment, as well as determination, on the part of the entrepreneur. Part of committing to the business involves formulating of valuable ideas that will end up producing solutions which the customer are looking for when they consume services or product from the businesses. One crucial step to creating the solutions that clients are looking for is first identifying the problem and the establishing mechanism for solving such problems (Novellus, 2017).

Understanding the needs of the customer and acknowledging who they are is also an essential part of creating a successful business. Many startups fail to succeed because they do not understand who their customers are and what their needs entail. To be successful, it is advisable for any organization, particularly business startups, to identify with their clients, acknowledge their needs, and formulate plans that will ensure their requirements are fulfilled (Novellus, 2017).  

Delegation and assigning tasks to other staff members is also an essential part of running a successful enterprise. In any organization, teamwork has proved to be crucial as it has made it possible for businesses to overcome their many challenges. Members of the staff need to focus on matters which they are good and leave everything else for other people to accomplish. Entrepreneurship is about risk-taking, so whenever failures occur, one does not need to be discouraged as these are part and parcel of running a successful enterprise.

Other aspects that are crucial to running a successful enterprise include maintaining a work-life balance and using tools that are designed to assist the business to perform. These tools include networking and promotion. Creating a network of entrepreneurs, advisors, and investors can help build the company to an entirely different level than it was (Novellus, 2017). A business promotion will assist the company to get noticed. This can take a long time to work, but the efforts are worth the while.

Response

Building a business that is successful involves a lot of work. Successful businesses require more than just increasing sales and generating revenues. There is a lot the entrepreneur will need to think about including the best ways to build their enterprise from the bottom. All these will involve coming with clear approaches that would ensure the business runs in the direction you would like it to move. The values and practices entrepreneurs will instill in the early stages of their business development will determine the long-term success of their business.

Building successful companies also requires a lot of effort and commitment. For this to happen, businesses need to access the right tools and information to make their enterprises successful. Finding out about those aspects that make a business successful will enable the entrepreneur to formulate effective business plans. The factors which affect business operations include the external and internal environments. For the internal business environment, the entrepreneur needs to know what internal aspects drive success. The common internal factors include efficient customer services and effective marketing. Entrepreneurs must also learn the value of humility as this will help to create an excellent rapport with the customers. It has always been noted that clients are the main reason why businesses exist in the first place. Therefore, businesses that strive to ensure the needs of their customers are met have a higher chance of succeeding compared to the ones that do not pay attention to the needs of their customers.

Teamwork is also essential in ensuring businesses succeed. An enterprise which does not appreciate the value of teamwork will most likely fail. For team operations to prevail, entrepreneurs need to humble themselves. Employees often gravitate themselves to leaders who have the right intentions and who can empathize with their situation. Entrepreneurs must know their staff by names, their roles, and must be able to reward them whenever they do outstanding jobs. Good leadership requires commitment, humility, and appreciation of the roles everyone in the business has to play.

The smaller the enterprise, the closer is the reflection of the business owner and what the company is experiencing. Nevertheless, as the organization continues to develop, more people become involved in it. When that takes place, the business depicts the totality of everyone in it. Even so, it is the entrepreneur who impact will be the largest. Therefore, it is important for business owners to establish themselves personally. As that occurs, the entrepreneurs can allow their businesses to shape and reflect their development.

Entrepreneurs need to take an active role in establishing the business’s mission and values instead of allowing the enterprise to grow in any direction. When companies can avoid the challenges of uncertainty, they will most likely develop in the desired fashion. In addition to that, there is a need for entrepreneurs to create a clear path which the workers can follow to ensure the business moves in the right direction.

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