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The Top 10 Reasons Businesses Succeed


Only one of every 5 businesses makes it to its 5th year, and fewer still make it to 10 years. What do the successful businesses have in common?

1. The experience and skills of the top managers. Over half of business failures are directly related to managerial incompetence.

2. The energy, persistence and resourcefulness (the will to make the business succeed) of the top managers. Many business owners have failed or come close several times before their "instant" success. Don't give up.

3. A product that is at least a cut above the competition and service that doesn't get in the way of people buying. There must be a compelling reason to buy; the product is great, the people love to provide service, and the buying experience is easy and fun.

4. The ability to create a "buzz" around the product with aggressive and strategic marketing. Make scarce marketing resources count. Do as much homework about your customers and their choices as you can before investing your marketing dollars.

5. Deal-making skills to sell the product at the highest possible price given your market. It comes down to your customers' perception of the value of your product and sometimes the power of your personality.

6. The ability to keep developing new products to retain and build a customer base. Consider gradual product development based on improvements to the current product line and sold to the current customer base.

7. Deal-making skills to work with resource suppliers to keep costs low. Keeping costs lower than competitors' and continuing to look for cost reductions even when the business is profitable is key.

8. The maturity to treat employees, suppliers and partners fairly and respectfully. Trust and respect result in productivity increases in ways that may be difficult to see and quantify.

9. Superior location and/or promotion creating a connection between your product and where it can be obtained. Studies have shown it can take seeing your product or name seven times before a customer is ready to buy.

10. A steady source of business during both good economic times and downturns. Over the long term, develop a product mix that will include winners during good economic times and other winners when times are tough.

About The Author

Jan B. King is the former President & CEO of Merritt Publishing, a top 50 woman-owned and run business in Los Angeles and the author of Business Plans to Game Plans: A Practical System for Turning Strategies into Action (John Wiley & Sons, 2004). She has helped hundreds of businesses with her book and her ebooks, The Do-It-Yourself Business Plan Workbook, and The Do-It-Yourself Game Plan Workbook. See www.janbking.com for more information.

You have permission to publish this article electronically or in print, free of charge, as long as the byline is included. A courtesy copy of your publication would be appreciated.

janbking0191@sbcglobal.net


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Thu. August / 06 / 2020
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6 home remedies to relieve headaches naturally - Insider  INSIDER

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5 of the best home remedies for acid reflux - Insider  INSIDER

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Home Remedies For Gas: Opt For These Kitchen Ingredients And Get Relief From The Condition  India.com

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Home Remedies to Treat a Mosquito Bite  wbsm.com

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How to get rid of acne scars with these home remedies  The Standard

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5 simple home remedies to fight cold and flu  Times of India

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Gallbladder pain: Treatments and home remedies  Medical News Today

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Best home remedies for sunburn, according to dermatologists  TODAY

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Home Remedies For Asthma: Natural Ways to Control The Symptoms of This condition  India.com

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Home remedies to strengthen your respiratory health this cold and flu season  The Indian Express

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Home Remedies For Kidney Stones: Simple Yet Effective Ways to Get Relief From This painful Condition  India.com

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Coronavirus: Indians seek ancient home remedies to boost immunity  South China Morning Post

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5 Home Remedies for Toothaches | US News  U.S. News & World Report

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How to treat strep throat with antibiotics and home remedies - Insider  INSIDER

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Troubled by Hair Fall? Try these home remedies for smooth and silky hair  News Track English

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Home Remedies For Acne: Here is How to Get Rid of This Common Skin Problem  India.com

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Home Remedies For Migraine: Opt For These Natural Ways to Get Rid of Severe Headache  India.com

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Fearing crowded hospitals, some Afghans turn to fruit juice and vegetable soup to ward off the coronavirus  The Washington Post

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5 simple and effective home remedies to treat dehydration  Times of India

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Home Remedies For Constipation: Opt For These 3 Effective Ways to Get Rid of Your Digestive Problem  India.com

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Home remedies to get rid of creepy crawlies during monsoon  The New Indian Express

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Age-Old Home Remedy Peddled As COVID-19 Cure Found By Indian Student  BOOM

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Home Remedies for Toothaches  WTOP

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Five home remedies for dandruff - Eve Woman  The Standard

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Fact Check: WhatsApp Forward Says Pondicherry University Student Found A Home Remedy Cure For COVID-19  The Logical Indian

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The best natural remedies for a stomach ache, according to a gastroenterologist - Insider  INSIDER

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6 Easy Ways to Treat Your Cough At Home  News18

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Home Remedy To Get Rid of Fleas — How To Get Rid Of Fleas At Home  WomansDay.com

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Do this home remedy to get rid of fungal infection in feet  News Track English

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5 At-Home Remedies to Soothe Dry Hands  YouBeauty

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North Korea Steps up Its War on COVID-19  The Diplomat

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Natural brain booster: Drink ginger tea to improve focus and concentration  TheHealthSite

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Malaika Arora Suggests This One Remedy For All Skin Types: You've Got To Try This!  NDTV

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Pranayamas and Home remedies for diabetes by Swami Ramdev  India TV News

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India’s Amit Shah has Covid-19 – and little sympathy from social media  South China Morning Post

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Hoax circulates that the WHO has approved Indian student's ginger juice 'COVID-19 remedy'  AFP Factcheck

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How to Manage Those Uneven Skin Patches Naturally  India.com

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Wockhardt Foundation, Biogetica, join hands for multidisciplinary research into Covid-19  Elets

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Private clinics, home remedies flourish as Iraqis shun hospitals amid coronavirus pandemic  The Straits Times

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Try these home remedies to get rid of mouth ulcer  News Track English

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Councillor's home remedy for COVID -- rum, omelette  Sambad English

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Traditional herbs can brew up India craft beer bounce - analysis - FREE TO READ  just-drinks.com

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Warts will disappear overnight with these home remedies  News Track English

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My battle with Covid-19: ‘I had such terrible chest pains I just burst into tears’  News24

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Healing through colours  Times of India

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Oily Hair During Monsoon: Follow These 7 Tips To Fight Greasiness  NDTV Doctor

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Anupriya spills all about her Monsoon routine  Hindustan Times

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How to get rid of swimmer's ear and when to see a doctor - Insider  INSIDER

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The perks of moderation  India Today

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This home remedy is very effective to get relief from thyroid  News Track English

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Dandruff And Garlic: What is The Link?  India.com

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9 clinically proven natural remedies for common ailments  MD Linx

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Delhi HC directs action against illegal health service aggregators  Moneylife

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National service: A possible remedy for America's divisiveness and self-indulgence  JNS.org

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Follow real statistics about the pandemic in Florida  The Florida Times-Union

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5 natural home remedies for insomnia that can help you get better sleep - Insider  INSIDER

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What Causes Dark Circles? Dermatologist Shares 7 Possible Reasons And Tips For Prevention  NDTV Doctor

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Not feeling well? Here are some practical home remedies  Houston Chronicle

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6 home remedies for mosquito bites to stop your itch and provide relief - Insider  INSIDER

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Coronavirus home remedies: separating fact from fiction  FOX13 Memphis

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COVID-19: Try these simple home remedies to treat a sore throat  Times of India

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Try these natural pain relievers as quick home remedies  The Indian Express

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Myth-busting: Which of these DIY home remedies for coronavirus are actually effective?  KPRC Click2Houston

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11 Home Remedies for Glowing Skin and Mistakes to Avoid  Greatist

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Many home remedies were good medicine — if you could survive the cure  The Mountaineer

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5 natural home remedies to get relief from flu  Times of India

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Dangerous Home Remedies for COVID-19  Everyday Health

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Migraines: Home remedies that work, according to real people  KSAT San Antonio

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No, garlic won't prevent COVID-19. These 'home remedies' and 'cures' just don't work  NorthJersey.com

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5 home remedies to treat cold and flu caused by the sudden change in weather  Times of India

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Science-backed home remedies you can rely upon  TheHealthSite

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Listeners Ask About Home Remedies, Carry-Out Food and Warm Weather When Dealing with Coronavirus  WKSU News

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13 Home Remedies for Acne, According to Dermatologists  Men's Health

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Best Natural Remedies for Common Health Issues That Work  Prevention.com

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Chloroquine, home remedies are not the answer to treat coronavirus, experts say  TribLIVE

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Question of the day: Can home remedies such as garlic, red pepper, saline, hot baths or alcohol protect a person from catching COVID-19?  Victoria Advocate

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Coronavirus Prevention: Make hand sanitizer at home using these three ingredients  Times of India

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5 effective home remedies for vaginal itching  Times of India

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Do home remedies work to fight the flu?  Siouxland News

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Using home remedies to treat the common cold  kjrh.com

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Home Remedies For Sore Throat: Try This Simple Ginger-Garlic Drink For Quick Relief  NDTV

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6 home remedies for mosquito bites and itches  Times of India

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Home remedies to soothe an upset stomach  Times of India

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Home Remedies for Migraine Relief and Prevention | Shape  Shape Magazine

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Psoriasis: 12 home remedies and how to avoid triggers  Medical News Today

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10 home remedies to treat dark circles  Times of India

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10 natural and home remedies for ulcers  Medical News Today

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Home remedies can ease symptoms of cough, sore throat  Daily Herald

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Home remedies: Herbal supplements may not mix with heart medicines  Medical Xpress

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Diverticulitis: 8 home remedies and natural treatments  Medical News Today

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Home Remedies: Ginger-Honey-Pepper-Lemon Water May Help Ease Cold And Cough  NDTV Food

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Home remedies doctors swear by  Mumbai Mirror

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Home remedies — did mother know best?  tnonline.com

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Herbal Remedies and COVID-19: What to Know  Healthline

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Say Thanks To Honey Because Of These 5 Amazing Home Remedies  NDTV Swirlster

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7 best home remedies to get rid of knee pain  Times of India

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Here are some quick and easy home remedies for acne  NewsBytes

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Home remedies to get rid of acne  Times of India

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15 natural remedies for a sore throat: Marshmallow root and more  Medical News Today

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