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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 Tue. June / 02 / 2020
5 natural home remedies for insomnia that can help you get better sleep - Insider - INSIDER
5 natural home remedies for insomnia that can help you get better sleep - Insider  INSIDER

4 super-effective home remedies to treat a heat stroke - Times of India
4 super-effective home remedies to treat a heat stroke  Times of India

11 Home Remedies for Glowing Skin and Mistakes to Avoid - Greatist
11 Home Remedies for Glowing Skin and Mistakes to Avoid  Greatist

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

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
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

Dry Skin Home Remedies - NDTV
Dry Skin Home Remedies  NDTV

Home Remedies For Constipation: Know How To Use Dried Figs (Anjeer) For Better Digestion - NDTV
Home Remedies For Constipation: Know How To Use Dried Figs (Anjeer) For Better Digestion  NDTV

9 clinically proven natural remedies for common ailments - MD Linx
9 clinically proven natural remedies for common ailments  MD Linx

Home Remedies From Around The World That Might Just Help You Shift The Sniffles - SmoothFM
Home Remedies From Around The World That Might Just Help You Shift The Sniffles  SmoothFM

A Peek At This Beauty Expert's Favourite Home Remedies For Her Skin - NDTV Swirlster
A Peek At This Beauty Expert's Favourite Home Remedies For Her Skin  NDTV Swirlster

For a sore throat, these home remedies can help - Daily Monitor
For a sore throat, these home remedies can help  Daily Monitor

How To Get Rid of Wasps — Home Remedies for Wasp Removal - Country Living
How To Get Rid of Wasps — Home Remedies for Wasp Removal  Country Living

Ginger And Garlic For Beauty: Effective Home Remedies For Gorgeous Skin And Hair - NDTV Swirlster
Ginger And Garlic For Beauty: Effective Home Remedies For Gorgeous Skin And Hair  NDTV Swirlster

10 home remedies to treat dark circles - Times of India
10 home remedies to treat dark circles  Times of India

Flu Home Remedies: 7 Tried And Tested Tips For Quicker Recovery - NDTV Doctor
Flu Home Remedies: 7 Tried And Tested Tips For Quicker Recovery  NDTV Doctor

Go read this heartbreaking story of how coronavirus spreads - The Verge
Go read this heartbreaking story of how coronavirus spreads  The Verge

How to remove stubborn ear wax at home with natural remedies - Insider - INSIDER
How to remove stubborn ear wax at home with natural remedies - Insider  INSIDER

Paronychia Treatment at Home - Santa Clarita Valley Signal
Paronychia Treatment at Home  Santa Clarita Valley Signal

PCOS is the most common cause of anovulatory infertility: Here’s how to treat the condition naturally - TheHealthSite
PCOS is the most common cause of anovulatory infertility: Here’s how to treat the condition naturally  TheHealthSite

Home Remedies For Dry Hands: How To Get Soft, Smooth Hands At Home - NDTV Swirlster
Home Remedies For Dry Hands: How To Get Soft, Smooth Hands At Home  NDTV Swirlster

9 Tips For Long Hair And Home Remedies To Strengthen The Roots - NDTV Swirlster
9 Tips For Long Hair And Home Remedies To Strengthen The Roots  NDTV Swirlster

Homemade Scrubs to Get Rid of Oily Skin And Achieve That Perfect Glow - India.com
Homemade Scrubs to Get Rid of Oily Skin And Achieve That Perfect Glow  India.com

Unproven remedies proliferate in my community, even in the face of a deadly virus - The Guardian
Unproven remedies proliferate in my community, even in the face of a deadly virus  The Guardian

Home Remedies For Headache: These Essential Oils Might Help - NDTV Doctor
Home Remedies For Headache: These Essential Oils Might Help  NDTV Doctor

Home Remedies For Common Cold And Cough Home Remedies For Common Cold And Cough - Doctor NDTV
Home Remedies For Common Cold And Cough Home Remedies For Common Cold And Cough  Doctor NDTV

Home Remedies For Skin Care You Need To Try Now - Femina
Home Remedies For Skin Care You Need To Try Now  Femina

13 Beauty Home Remedies To Try From Around The World - iDiva.com
13 Beauty Home Remedies To Try From Around The World  iDiva.com

Try this homemade mask to tighten your skin - The Indian Express
Try this homemade mask to tighten your skin  The Indian Express

When Your Skin Breaks Out in Lockdown - The Wall Street Journal
When Your Skin Breaks Out in Lockdown  The Wall Street Journal

Govt to study home remedy effectiveness - Times of India
Govt to study home remedy effectiveness  Times of India

Improve Your Digestion At Home With These Kitchen Ingredients - NDTV Doctor
Improve Your Digestion At Home With These Kitchen Ingredients  NDTV Doctor

Home Remedies For Skin - kiss951.com
Home Remedies For Skin  kiss951.com

Simple Home Remedies To Care For Your Hands Right Now - Femina
Simple Home Remedies To Care For Your Hands Right Now  Femina

Kitchen staples that promise glowing skin - Telangana Today
Kitchen staples that promise glowing skin  Telangana Today

Swami Ramdev shares acupressure points you should press to cure diabetes - India TV News
Swami Ramdev shares acupressure points you should press to cure diabetes  India TV News

Home Remedies For Your Skin From Wrinkles To Burns - Femina
Home Remedies For Your Skin From Wrinkles To Burns  Femina

Mouth Ulcer Remedy At Home - Femina
Mouth Ulcer Remedy At Home  Femina

Cebu City resorts to home remedies vs COVID - Manila Bulletin
Cebu City resorts to home remedies vs COVID  Manila Bulletin

How to Get Rid Of Lice: Home Remedies, Prevention And Hair Care Treatments To Try - NDTV Swirlster
How to Get Rid Of Lice: Home Remedies, Prevention And Hair Care Treatments To Try  NDTV Swirlster

Home Remedies For Dry Skin In Summer: Face Packs For Hydrated Skin At Home - NDTV Swirlster
Home Remedies For Dry Skin In Summer: Face Packs For Hydrated Skin At Home  NDTV Swirlster

Drink plant extracts to relieve hangover symptoms - Times of India
Drink plant extracts to relieve hangover symptoms  Times of India

Foods to Soothe Sour Stomachs - WebMD
Foods to Soothe Sour Stomachs  WebMD

Easy ways to remove skin tags at home using common kitchen ingredients - TheHealthSite
Easy ways to remove skin tags at home using common kitchen ingredients  TheHealthSite

How To Detox Your Skin During The Hot Summer Months - NDTV Swirlster
How To Detox Your Skin During The Hot Summer Months  NDTV Swirlster

Ecuador: Misinformation and coronavirus hand-in-hand in Ecuador outbreak - RTL Today
Ecuador: Misinformation and coronavirus hand-in-hand in Ecuador outbreak  RTL Today

Hair Care: 3 easy and PROVEN home remedies for hair growth - PINKVILLA
Hair Care: 3 easy and PROVEN home remedies for hair growth  PINKVILLA

FALSE: Malunggay and kamias tea cure for COVID-19 - Rappler
FALSE: Malunggay and kamias tea cure for COVID-19  Rappler

Kareena Kapoor Khan swears by THIS DIY home remedy and here’s how she uses it - PINKVILLA
Kareena Kapoor Khan swears by THIS DIY home remedy and here’s how she uses it  PINKVILLA

Can’t exercise? 7 diet tips to make your heart stronger during the lockdown - Times of India
Can’t exercise? 7 diet tips to make your heart stronger during the lockdown  Times of India

Treatments for eczema and psoriasis - Augusta Free Press
Treatments for eczema and psoriasis  Augusta Free Press

This home remedy will erase stains and smell from plastic utensils - News Track English
This home remedy will erase stains and smell from plastic utensils  News Track English

Tomato Skin Benefits: Reduced Risk Of Sunburns And Other Ways It Can Help You - NDTV Doctor
Tomato Skin Benefits: Reduced Risk Of Sunburns And Other Ways It Can Help You  NDTV Doctor

Try these home remedies to get soft hands - News Track English
Try these home remedies to get soft hands  News Track English

Struggling With Dandruff? THIS Home Remedy Can Be The Simplest Trick & It’s NOT Curd! - Koimoi
Struggling With Dandruff? THIS Home Remedy Can Be The Simplest Trick & It’s NOT Curd!  Koimoi

No, Table Salt Is Not A Cure For Coronavirus - BOOM
No, Table Salt Is Not A Cure For Coronavirus  BOOM

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

Coronavirus home remedies: separating fact from fiction - FOX13 Memphis
Coronavirus home remedies: separating fact from fiction  FOX13 Memphis

Dangerous Home Remedies for COVID-19 - Everyday Health
Dangerous Home Remedies for COVID-19  Everyday Health

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

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

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

Coronavirus Fact Check: Do these 'home remedies' actually help? - NBC2 News
Coronavirus Fact Check: Do these 'home remedies' actually help?  NBC2 News

Diverticulitis: 8 home remedies and natural treatments - Medical News Today
Diverticulitis: 8 home remedies and natural treatments  Medical News Today

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

Chloroquine, home remedies are not the answer to treat coronavirus, experts say - Tribune-Review
Chloroquine, home remedies are not the answer to treat coronavirus, experts say  Tribune-Review

Best indoor plants: easy care indoor plants for every home - Real Homes
Best indoor plants: easy care indoor plants for every home  Real Homes

Do Any Bronchitis Home Remedies Actually Work? - Health Essentials from Cleveland Clinic
Do Any Bronchitis Home Remedies Actually Work?  Health Essentials from Cleveland Clinic

Do home remedies work to fight the flu? - Siouxland News
Do home remedies work to fight the flu?  Siouxland News

5 effective home remedies for vaginal itching - Times of India
5 effective home remedies for vaginal itching  Times of India

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

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

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

Jamaican Coronavirus Survivor Says 'Caribbean Home Remedies' Helped Him Beat COVID-19 - Black Enterprise
Jamaican Coronavirus Survivor Says 'Caribbean Home Remedies' Helped Him Beat COVID-19  Black Enterprise

Four home remedies to get rid of a toothache when you can't see a dentist - Insider - INSIDER
Four home remedies to get rid of a toothache when you can't see a dentist - Insider  INSIDER

Do Home Remedies Actually Work for Yeast Infections? - Health Essentials from Cleveland Clinic
Do Home Remedies Actually Work for Yeast Infections?  Health Essentials from Cleveland Clinic

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

6 home remedies for mosquito bites and itches - Times of India
6 home remedies for mosquito bites and itches  Times of India

10 natural and home remedies for ulcers - Medical News Today
10 natural and home remedies for ulcers  Medical News Today

Sore Throat Remedies That Actually Work - Health Essentials from Cleveland Clinic
Sore Throat Remedies That Actually Work  Health Essentials from Cleveland Clinic

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

Home remedies doctors swear by - Bangalore Mirror
Home remedies doctors swear by  Bangalore Mirror

3 Home Remedies for an Ear Infection - Health Essentials from Cleveland Clinic
3 Home Remedies for an Ear Infection  Health Essentials from Cleveland Clinic

Stuck at home during lockdown? Home remedies to cure minor illnesses - Times of India
Stuck at home during lockdown? Home remedies to cure minor illnesses  Times of India

Using home remedies to treat the common cold - kjrh.com
Using home remedies to treat the common cold  kjrh.com

5 easy natural remedies for relaxing your muscles - Times of India
5 easy natural remedies for relaxing your muscles  Times of India

Natural home remedies that can help you with kidney stones - Times of India
Natural home remedies that can help you with kidney stones  Times of India

6 easy and effective home remedies for body pain - Firstpost
6 easy and effective home remedies for body pain  Firstpost

5 home remedies to deal with the problem of low blood pressure - Times of India
5 home remedies to deal with the problem of low blood pressure  Times of India

Honey-pepper and water boiled with tulsi-haldi — Modi bats for Covid-19 ‘home remedies’ - ThePrint
Honey-pepper and water boiled with tulsi-haldi — Modi bats for Covid-19 ‘home remedies’  ThePrint

Home remedies for cold feet and palms - Times of India
Home remedies for cold feet and palms  Times of India

@Home Remedies - HAPPI - happi.com
@Home Remedies - HAPPI  happi.com

Suffering From Cold? Try These Effective Home Remedies For Some Relief - NDTV News
Suffering From Cold? Try These Effective Home Remedies For Some Relief  NDTV News

Chronic cough? Count on these simple home remedies for immediate relief - The Indian Express
Chronic cough? Count on these simple home remedies for immediate relief  The Indian Express

Fever home remedies: Adults, children, and infants - Medical News Today
Fever home remedies: Adults, children, and infants  Medical News Today

Herbal Remedies and COVID-19: What to Know - Healthline
Herbal Remedies and COVID-19: What to Know  Healthline

Have a Cough or Flu (But Not Coronavirus)? Try These Home Remedies - OZY
Have a Cough or Flu (But Not Coronavirus)? Try These Home Remedies  OZY

Home remedies for overeating and indigestion - Deccan Herald
Home remedies for overeating and indigestion  Deccan Herald

Dry scalp: 9 natural home remedies - Medical News Today
Dry scalp: 9 natural home remedies  Medical News Today

5 natural remedies to get rid of tooth and gum pain - Times of India
5 natural remedies to get rid of tooth and gum pain  Times of India

Home remedies: high blood pressure and cold remedies - Medical Xpress
Home remedies: high blood pressure and cold remedies  Medical Xpress

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