ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Sensible Steps To Start A Business And The Science Of Success In It

Updated on May 21, 2011

Nowadays, the concept of doing a business has changed. Previously, businesses were done only with a profit motive but now, customers decide the fate of a business. The main basis of business in the present-day context is that a business is established for meeting customer needs. So, you will be wondering how you can get success in your business. There are a few points you should remember when you start your business.


- The main thing is that though you are ready to spend all your time and energy in your business, you can not aim to succeed in it if you do not like what you are doing. You should enjoy it, whatever be the field of activity you have chosen.


- It is better to start it small. You need not invest all your money and have a big establishment. You should take only baby steps. A few experts advise that you should start your business when you are still in employment. So, you will have some financial backing to run your family. The anxiety of running your family and paying your bills should not weigh heavily in your mind and hamper your growth.


- You should be ready to follow the footsteps of other business owners who have already tasted success. You can imitate their methods because they have proved that their ways have succeeded. You should modify their ways so as to suit your business and adopt them.


- Customers are the very purpose of your business. So, even before you officially start your business, you can make ready a list of your customers. You should start generating leads. By doing so, you can even start doing your sales from day one.


- Having a business plan is very much necessary for achieving success in a business. It is not necessary that you should have a perfect plan. In fact, there is nothing called a perfect plan. You can make changes whenever necessary. But, you should have a step-by-step plan and start following it. Otherwise, you will not know where you are heading to.


- For having a good business plan, you should spend considerable time and do your research. You should learn all about your field of activity, the products or services available in the market, the nature of your own products or services, how your products compare with those available in the market, etc. But, this knowledge should be updated periodically. Innovations keep taking place in every field and you should keep abreast of things. If necessary, you should seek professional help for everything including for preparing your business plan.


- In the initial stages of your business, you may not be able to generate funds and hence, you should have sufficient funds for your operations and also for contingencies. Once the business starts generating funds, you need not worry because the day-to-day operations will be taken care of by the funds generated.


- You should adopt a thoroughly professional approach for running your business and this should be done from day one. There should not be any haphazard way of doing things. If you start doing things unprofessionally, you will get caught in that quagmire. If you do things in an organized manner, you will reap its benefits in the long run. You can take professional help for evolving suitable systems for running your business. Likewise, all the legalities should be taken care of perfectly so that you do not face problems at a later date.


- In spite of taking all these steps, there may be obstacles and you should be ready with fire-fighting plans for surmounting your problems. You should understand that every problem provides you an opportunity to learn. Your customers may come with complaints but you should approach these complaints with the notion that they are ideas for growth.


- Like customers, your employees are the backbone for your business. You should keep them highly motivated. Appreciating them as often as possible for their good work will go a long way for keeping them inspired. An well-inspired team can do wonders for your business.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)