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The Ten Keys to Business Success


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The Ten Keys to Business Success
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"Happiness is only a by product of successful living."

-- Austen Riggs, psychiatrist


Enthusiasm. Passion. Dedication. Define your career, your relationships and your life by these words and you’ll grow in ways you can’t imagine. In a world where we are reminded to “take it easy,” the ones who ignore this advice and give 110% to every thought and every action… they’re the few who will achieve the most. Count on `Accelerate with Impact` ISBN: 978-1-84549-289-2 to inspire your most enthusiastic future.



There are ten critical areas where your ability to think largely determines the success or failure of your business. The greater clarity you have in each of these areas, the better decisions you will make and better results you will achieve.

Key Purpose
What is the purpose of a business? Many people think that the purpose of a business is to earn a profit, but they are wrong. The true purpose of a business is to create and keep a customer. Fully 50 percent of your time, efforts, and expenses should be focused on creating and keeping customers in some way. One person can only keep a few customers.

Key Measure
The key measure of business success is customer satisfaction. Your ability to satisfy your customers to such a degree that they buy from you rather than from someone else, that they buy again, and that they bring their friends is the key determinant of growth and profitability.

Key Requirement
The key requirement for wealth building and business success is for you to add value in some way. All wealth comes from adding value. All business growth and profitability come from adding value. Every day, you must be looking for ways to add more and more value to the customer experience.

Key Focus
The most important person in the business is the customer. You must focus on the customer at all times. Customers are fickle, disloyal, changeable, impatient, and demanding--just like you. Nonetheless, the customer must be the central focus of everything you do in business.

"Out-Think, Out-Market and Out-Sell the Competition"
Clear planning and goal setting are essential to seeing your business succeed.

Turbo strategy will help you revitalize your business and personal life and help you achieve the results you're looking for to make your business dreams become reality!


Key Word
In life, work, and business, you will always be rewarded in direct proportion to the value of your contribution to others, as they see it. The focus on outward contribution, to your company, your customers, and your community, is the central requirement for you to become an ever more valuable person, in every area.

Key Question

The most important question you ask, to solve any issue, overcome any obstacle, or achieve any business goal is "How?" Top people always ask the question "How?" and then act on the answers that come to them.

Key Strategy
In a world of rapid change and continuing aggressive competition, you must practice continuous improvement in every area of your business and personal life. As Pat Riley, the basketball coach, said, "If you're not getting better, you're getting worse."

Key Activity
The heartbeat of your business is sales. Dun & Bradstreet analyzed thousands of companies that had gone broke over the years and concluded that the number-one reason for business failure was "low sales". When they researched further, they found that the number-one reason for business success was "high sales." And all else was commentary.

Key Number
The most important number in business is cash flow. Cash flow is to the business as blood and oxygen are to the brain. You can have every activity working efficiently in your business, but if your cash flow is cut off for any reason, the business can die, sometimes overnight.

Key Goal
Every business must have a growth plan. Growth must be the goal of all your business activities. You should have a goal to grow 10 percent, 20 percent, or even 30 percent each year. Some companies grow 50 percent and 100 percent per year, and not by accident. The only real growth is profit growth. Profit growth is always measurable in what is called "free cash flow." This is the actual amount of money that the business throws off each month, each quarter, and each year, above and beyond the total cost and expense of running a business. Growth will only come from affiliates.

Action Exercise
You should have a growth plan for the number of new leads you attract and for the number of new customers you acquire from those leads. You should have a growth plan for sales, revenues, and profitability. If you do not deliberately plan for continuous growth, you will automatically stagnate and begin to fall behind. Growth is not an accident; so you must plan and map out your growth plan if you want your business to see a bright future.

The art is listening to people who are successful and then you will be successful.


--------->>>
More Economics and Business Inspiration with the secrets to success:
`Accelerate with Impact` -
by Colin Thompson ISBN: 978-1-84549-289-2

Accreditation: UK Registered Learning Provider:10025755

ENDS
Note: About the Author Colin Thompson

Colin is a former successful Managing Director of Transactional/Print Manufacturing Plants, Print Management/Workflow Solutions companies and other organisations, former Group Chairman of the Academy for Chief Executives and Non-Executive Director, helping companies raise their `bottom-line` and `increase cash flow`. Plus, helping individuals to be successful in business and life in general. Author of several publications, research reports, guides, business and educational models on CD-ROM's/Software and over 400 articles published on business and educational subjects worldwide. International Speaker and Visiting University Professor.

The Ten Keys to Business Success
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Comments on this item:

Kelly
19-09-2016 13:21:02
For the business success http://bestcustomessay.org/essays/ education and profession tricks are necessary the number of peoples who their successful they have goodwill among customers. Hope these key factors are quite helpful for the peoples who running business and wants to improve their business.
 
Allen
07-10-2016 10:12:35
AAT Qualification - CIPFA is the leading accountancy body for the public services providing education and training in accountancy and financial management.
 
hhcg
26-10-2016 02:18:26

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