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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.

[email protected]


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Wed. January / 20 / 2021
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Coronavirus home remedies: Treatment options and when to seek help  Medical News Today

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What to take for nausea: What medications and home remedies work well?  Medical News Today

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Treating COVID-19 symptoms at home: Doctor explains what you need to know  KTRK-TV

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Various Home Remedies To Get Rid Of Dandruff  Femina

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Home remedies to remove blackheads  Times of India

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Postpone periods: Ways to delay your periods without popping pills!  Times of India

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Home remedies for common cold  Times of India

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5 Effective home remedies for sensitive skin to keep it healthy, moisturised and rejuvenated  PINKVILLA

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Tired of Cough Drops? Try These 5 Home Remedies for Cough  EcoWatch

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Treating COVID-19 symptoms at home: SoCal doctor explains what you need to know  KABC-TV

7 common home remedies for cold and flu - Times of India
7 common home remedies for cold and flu  Times of India

Sparse Eyebrows Treatment, Home Remedies, and Precautions - Healthline
Sparse Eyebrows Treatment, Home Remedies, and Precautions  Healthline

5 Safest Home Remedies to Remove Blackheads - News18
5 Safest Home Remedies to Remove Blackheads  News18

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Itchy bum cheeks: Causes, treatment, home remedies, and more  Medical News Today

Simple and effective home remedies for constipation - Times of India
Simple and effective home remedies for constipation  Times of India

Five home remedies to get rid of dandruff naturally - Yahoo Canada Sports
Five home remedies to get rid of dandruff naturally  Yahoo Canada Sports

VERIFY: Can at-home remedies help treat COVID-19? - WUSA9.com
VERIFY: Can at-home remedies help treat COVID-19?  WUSA9.com

Dealing with Stomach Aches with Home Remedies - Sentinelassam - The Sentinel Assam
Dealing with Stomach Aches with Home Remedies - Sentinelassam  The Sentinel Assam

Miracle home remedies for dry hair - Times of India
Miracle home remedies for dry hair  Times of India

Tuberculosis: Here are some home remedies to accelerate the healing process - TheHealthSite
Tuberculosis: Here are some home remedies to accelerate the healing process  TheHealthSite

Try these 5 home remedies to get relief from cough this winter season - Times Now
Try these 5 home remedies to get relief from cough this winter season  Times Now

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Dry eyelids: Causes, treatments, and home remedies  Medical News Today

Try these home remedies for a quick hangover fix - Times Now
Try these home remedies for a quick hangover fix  Times Now

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Gum infection: Causes, treatment, home remedies, and more  Medical News Today

COMMENT: Home remedies are vital, so is masking, hygiene and social distancing - Chronicle
COMMENT: Home remedies are vital, so is masking, hygiene and social distancing  Chronicle

Home Remedies To Deal With Different Stomach Aches - http://www.newsgram.com/
Home Remedies To Deal With Different Stomach Aches  http://www.newsgram.com/

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Red dots on skin: Pictures, causes, treatment, and when to seek help  Medical News Today

Covid-19 home remedies gain popularity - Chronicle
Covid-19 home remedies gain popularity  Chronicle

9 Easy home remedies to prevent acidity and heartburn - PINKVILLA
9 Easy home remedies to prevent acidity and heartburn  PINKVILLA

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Bernalillo County initiatives include Spanish programming, low-income grocery pickup for seniors  KRQE News 13

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Types of wound healing: Primary, secondary, tertiary, and stages  Medical News Today

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String of 10 days of palindrome dates begins Inauguration Day  pennlive.com

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Dr. Mark Bing beloved by Katy ISD athletics community  Katy Times

Effective Home Remedies For Sensitive Skin - Pragativadi
Effective Home Remedies For Sensitive Skin  Pragativadi

Diarrhea: Causes, Symptoms, and some Home Remedies - Sentinelassam - The Sentinel Assam
Diarrhea: Causes, Symptoms, and some Home Remedies - Sentinelassam  The Sentinel Assam

Home Remedies To Add In Routines for Getting Rid of Dark Circles - News Track English
Home Remedies To Add In Routines for Getting Rid of Dark Circles  News Track English

7 Best Home Remedies & Treatment For Fungal Infection - Femina
7 Best Home Remedies & Treatment For Fungal Infection  Femina

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Stye Inside the Eyelid: Overview and More  Verywell Health

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Does Toothpaste Help You Last Longer? Debunking the Myth, Plus Dangers  Healthline

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Does Ringworm Scar? Potential Side Effects and Treatments  Healthline

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Treating COVID-19 symptoms at home; how to alleviate symptoms while you recover  KXLH Helena News

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How to stop diarrhoea: Easy remedies to get rid of diarrhoea symptoms or loose poo at home  Express

Have A Look At These 3 Home Remedies That Will Help You Release Anxiety - IWMBuzz
Have A Look At These 3 Home Remedies That Will Help You Release Anxiety  IWMBuzz

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Know effective yogasanas, pranayamas and home remedies from Swami Ramdev  India TV News

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Will Eating a Burnt Orange Really Help You Regain Taste and Smell After COVID-19?  Shape Magazine

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Know which yoga asanas and home remedies will help you strengthen bones  India TV News

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5 effective home remedies to getting rid of stubborn stretch marks  Pulse Ghana

To Improve Healthcare For Older Adults, Look To Geriatrics - Forbes
To Improve Healthcare For Older Adults, Look To Geriatrics  Forbes

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Easy remedies for hair problems  The Sunday Guardian

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Papaya leaf juice: Health benefits, how to make and the right way to consume  Times of India

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6 home remedies for asthma  Medical News Today

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Potential Medicinal Plants of Kashmir Himalaya  Greater Kashmir

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Which Doctor to Consult for Burning Feet, and Possible Causes  Healthline

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Why Does My Jaw Hurt So Much? - Common Jaw Pain Causes  Prevention.com

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Can home remedies help my sciatica?  Harvard Health

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Home remedies for insomnia: 9 options  Medical News Today

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Are essential oils helpful in managing high blood pressure? We tell you  Times of India

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Fact check: Burnt oranges, brown sugar won't restore senses lost to COVID-19  USA TODAY

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Let the Lohri joy flow with the perfect skin glow tips shared by Dermatologist Dr Syed Nazim  PINKVILLA

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Turning Food into Home Remedies Is My Love Language  Bon Appetit

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Best home remedies for sunburn, according to dermatologists  TODAY

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Home Remedies That Work  WebMD

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Easy home remedies to cure sore throat  The Indian Express

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9 clinically proven natural remedies for common ailments  MD Linx

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6 home remedies to relieve headaches naturally - Insider  INSIDER

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6 natural home remedies to get rid of nausea - Insider  INSIDER

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Air pollution: 5 easy home remedies to stop coughing  Times of India

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The best home remedies for asthma, like breathing exercises and natural herbs - Insider  INSIDER

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8 science-backed home remedies to soothe coughing naturally, according to doctors - Insider  INSIDER

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

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7 simple home remedies to help battle bloating - Insider  INSIDER

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Fighting the Sniffles? Try These Traditional Indian Cold Remedies  Healthline

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Dangerous Home Remedies for COVID-19  Everyday Health

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Home remedies for dry skin: 7 home remedies  Medical News Today

Home remedies for toothache - Times of India
Home remedies for toothache  Times of India

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

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Best home remedies to treat herpes: Examples and research  Medical News Today

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Old Fashioned Home Remedies; Health Care “Back Then”  WVTF

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

Home Remedies for Acne - Treehugger
Home Remedies for Acne  Treehugger

The 5 best home remedies for poison ivy, according to dermatologists - Insider - INSIDER
The 5 best home remedies for poison ivy, according to dermatologists - Insider  INSIDER

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How to Cool Down Hot Feet at Night: Home Remedies to Try  Healthline

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Liver Detox Home Remedy: Do Cleanses Work? Steps to Take  Healthline

5 natural remedies to relieve toothache - Times of India
5 natural remedies to relieve toothache  Times of India

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Sore tongue treatment: Home remedies and medical treatments  Medical News Today

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5 home remedies that can help you prevent cold  Times of India

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10 Surprising Home Remedies for Acid Reflux  Treehugger

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Helpful herbs: Stay ahead of this year’s cold, Covid, flu season with home remedies  Burlington Times News

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COMMENT: Discipline key in fight against Covid-19  Chronicle

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Home remedies to get rid of dark spots  Times of India

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How to get rid of hard skin: Home remedies and treatments  Medical News Today

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13 home remedies to relieve constipation naturally  Medical News Today

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How to Grow Beard Naturally at Home: Remedies and Lifestyle Changes  Healthline

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Herbal Remedies and COVID-19: What to Know  Healthline

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The 2 most promising Korean home remedies to achieve a natural glow  Times of India

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Cystic Acne Home Remedies: 7 Treatments to Try  Healthline

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Home remedies for vaginal itching: Treatment, causes, and prevention  Medical News Today

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

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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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