Business is an art in addition to a science. To be effective in business, you have to learn the fundamentals of business success.
You can find out anything you will need to learn, to accomplish any goal you can set for yourself. There are no limitations, except the constraints you place on your imagination.
By mastering the fundamentals of business success, you will acquire the knowledge required to obtain the support and cash you need for your organization.
So, precisely what are the essentials of business achievement? Seven key areas of action decide whether your business will die or live:
1. Marketing. Your ability to determine and market the right product to the right customer at the right time
2. Finance. Your ability to get the money you need, and account for the money you get
3. Production. Your ability to create products and services in a high degree of quality and consistency over time
4. Distribution. Your ability to get your product or service to the marketplace in a timely and economical fashion
5. Your ability to continually innovate and create new products, services, processes and answers to your competitors
Business success is not a puzzle waiting to be solved. It is an attainable goal, in case you avoid the reasons for business failure and always focus on improving the areas which are responsible for company success.