Welcome to the Small Business Ideas Forum! We are a community of over 100,000 small business folks with over 163,000 posts for you to browse. We pride ourselves on being the friendliest forum you will find and we'd love to have you as a member of our community. Please take a moment and register for a free account. If you need any help, please contact Chris Logan.

Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

Go Back   Small Business Ideas Forum > General Issues > General Small Business Issues
Register Search Today's Posts Mark Forums Read

Reply
 
Thread Tools
Old 19th March 2020, 08:53 PM   #1
AngelBiz
VIP Contributor
 

Join Date: May 2010
Location: Detroit, MI
Posts: 1,406
Default 8 Key Components Of A Successful Business

When it comes to starting a new business there are some startling facts out there. Fortune Magazine claims that 9 out of 10 startups ultimately fail and the US Census Board reports that despite more than 400,000 new businesses being founded each year, 470,000 actually die. With figures like that, you’d be forgiven for believing that getting into business is a near-impossible task, but sometimes the figures can be misleading.

In the above two examples, it is unclear as to what defines the ‘failure’ or ‘death’ of a business and both statistics also neglect to give a time frame. A better statistic to work from would be this, from the Small Business Administration that claims that 50% of businesses fail within their first year of business and of those that remain 66% of them will survive their first two years in business. Suddenly the facts seem more in the entrepreneur’s favor, but what are the key components of starting a successful business? How can you ensure that you end up a part of the favorable 66%? In this article, we’ll take a closer look at 8 of the key components of a successful business.

Read more - http://www.smallbizviewpoints.com/20...sful-business/

AngelBiz is offline   Reply With Quote
Register or log in to remove this ad.
Reply   

Bookmarks


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Keys To A Successful ECommerce Website hankmoody General Small Business Issues 7 30th January 2018 02:18 PM
People Want To Start A Business But Don't Know Where To Start Crimson Fox General Small Business Issues 49 22nd May 2015 12:26 PM
How to Have a Successful Jewelry Business Linda General Small Business Issues 6 31st January 2010 07:51 AM



Thread Tools

Get Updates
RSS Feeds:
RSS Feed for General Small Business Issues RSS for this Category Only: General Small Business Issues

RSS Feed for Small Business Ideas Forum RSS for Entire Forum
Forum Rules


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


Small Business Ideas Forum


 
At Your Business - Small Business Directory
Free Business Forms - Prewritten Documents
 
Search Engine Guide
Small business guide to search marketing

 
Small Business Brief
Fetching the Best Small Business Info


Free Links - Free Advertising
Free Guide - Online Directory



Advertise your business here
Contact us for more details!


Semantic Juice
Register now to access free Quick SEO service!


Rocket Lawyer
Sign up for free 7 day trial. Boost your biz!


Buy UPC Codes
Get your products listed online!




All times are GMT -5. The time now is 10:37 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright 2004 - 2018 - Privacy