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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 Thu. February / 27 / 2020
Feb 27 | Home remedies for children's cough | Anchorage, AK - Patch.com
Feb 27 | Home remedies for children's cough | Anchorage, AK  Patch.com

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

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

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

Home remedies: Acne affects people of all ages - Chicago Tribune
Home remedies: Acne affects people of all ages  Chicago Tribune

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

How to Make a CBD Home Remedy Kit - and Why You Should - Project CBD
How to Make a CBD Home Remedy Kit - and Why You Should  Project CBD

Home remedies for the flu - Daily Sundial
Home remedies for the flu  Daily Sundial

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

Dry & Damaged Hair? Give These 8 At-Home, All-Natural Remedies A Try - mindbodygreen.com
Dry & Damaged Hair? Give These 8 At-Home, All-Natural Remedies A Try  mindbodygreen.com

HSU Students’ Home Remedies - The LumberJack
HSU Students’ Home Remedies  The LumberJack

Doctors: Smearing potato paste on your butt won't help hemorrhoids - Insider - INSIDER
Doctors: Smearing potato paste on your butt won't help hemorrhoids - Insider  INSIDER

Treating the Common Cough: Over the Counter or Home Remedies? - Contemporary Clinic
Treating the Common Cough: Over the Counter or Home Remedies?  Contemporary Clinic

Can you treat a urinary tract infection with home remedies? - TODAY
Can you treat a urinary tract infection with home remedies?  TODAY

Home remedies to improve heart health | Lifestyle | postguam.com - The Guam Daily Post
Home remedies to improve heart health | Lifestyle | postguam.com  The Guam Daily Post

Best Home Remedies for Coronavirus - IMC Grupo
Best Home Remedies for Coronavirus  IMC Grupo

Home remedies can relieve itchy eyelids caused by chronic blepharitis - Boulder Daily Camera
Home remedies can relieve itchy eyelids caused by chronic blepharitis  Boulder Daily Camera

Home remedies: Lifestyle changes can help your heart health - Medical Xpress
Home remedies: Lifestyle changes can help your heart health  Medical Xpress

A new reader shares an old gin-and-raisin remedy for arthritis - Seattle Times
A new reader shares an old gin-and-raisin remedy for arthritis  Seattle Times

Home remedies: Banana skins can help alleviate the itchiness of psoriasis - The Irish News
Home remedies: Banana skins can help alleviate the itchiness of psoriasis  The Irish News

Doctors plead with embarrassed haemorrhoids sufferers not to put frozen potatoes up their bums - Newshub
Doctors plead with embarrassed haemorrhoids sufferers not to put frozen potatoes up their bums  Newshub

Health officials: Risk of virus remains low in state - The Gardner News
Health officials: Risk of virus remains low in state  The Gardner News

How to stop stomach growling: Top 10 natural remedies - Medical News Today
How to stop stomach growling: Top 10 natural remedies  Medical News Today

THESE are the home remedies you can try for cold feet and palms - PINKVILLA
THESE are the home remedies you can try for cold feet and palms  PINKVILLA

Doctors Warn AGAINST Sticking A Potato Up Your Butt To Cure Haemorrhoids - WSFM
Doctors Warn AGAINST Sticking A Potato Up Your Butt To Cure Haemorrhoids  WSFM

Cranberry Juice: An Effective Remedy For Urinary Tract Infection; Know How To Use This Juice To Control UTI - NDTV News
Cranberry Juice: An Effective Remedy For Urinary Tract Infection; Know How To Use This Juice To Control UTI  NDTV News

Home remedies and prevention of teeth stains - Here is how you can get a set of pearly whites - Times Now
Home remedies and prevention of teeth stains - Here is how you can get a set of pearly whites  Times Now

Suffer from gas or bloating? How to reset your digestive system - 963bigfm.com
Suffer from gas or bloating? How to reset your digestive system  963bigfm.com

Hope at last for chronic coughers as drug trial yields 'exciting' results - Telegraph.co.uk
Hope at last for chronic coughers as drug trial yields 'exciting' results  Telegraph.co.uk

The new town square - Isthmus
The new town square  Isthmus

Headaches, Stomach Ache And Sore Throat: Best Home Remedies For These Ailments That You May Get Every Now And Then - Doctor NDTV
Headaches, Stomach Ache And Sore Throat: Best Home Remedies For These Ailments That You May Get Every Now And Then  Doctor NDTV

Brutal allergy season ahead for many Americans, experts say - KTBS
Brutal allergy season ahead for many Americans, experts say  KTBS

6 Simple Sore Feet Remedies | Real Simple - Real Simple
6 Simple Sore Feet Remedies | Real Simple  Real Simple

Garlic Home Remedies for Hair: THIS is how you can use this ingredient to improve hair growth - PINKVILLA
Garlic Home Remedies for Hair: THIS is how you can use this ingredient to improve hair growth  PINKVILLA

Essential Oils: Home Remedies that Actually Work? - - RushPRnews.com
Essential Oils: Home Remedies that Actually Work? -  RushPRnews.com

How to make aloe vera juice at home - Times of India
How to make aloe vera juice at home  Times of India

Dry Cough: These Home Remedies Can be Helpful - India.com
Dry Cough: These Home Remedies Can be Helpful  India.com

5 natural antibiotics that can replace over-the-counter drugs - Times of India
5 natural antibiotics that can replace over-the-counter drugs  Times of India

Home Remedies For Treating Diabetes - NY Convergence
Home Remedies For Treating Diabetes  NY Convergence

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

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

11 home remedies for dry mouth - Medical News Today
11 home remedies for dry mouth  Medical News Today

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

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

Home Remedies for Hair Care: THESE remedies can give you the same results as Keratin treatment - PINKVILLA
Home Remedies for Hair Care: THESE remedies can give you the same results as Keratin treatment  PINKVILLA

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

6 best home remedies for lice - Medical News Today
6 best home remedies for lice  Medical News Today

Abortion home remedies: Are they safe? - Medical News Today
Abortion home remedies: Are they safe?  Medical News Today

Sue’s Views: On toothless wonders and ‘gum bangers’ - South Coast Herald
Sue’s Views: On toothless wonders and ‘gum bangers’  South Coast Herald

Home remedies for low back pain - KTVI Fox 2 St. Louis
Home remedies for low back pain  KTVI Fox 2 St. Louis

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

Sleep apnea: Natural home treatment - Medical News Today
Sleep apnea: Natural home treatment  Medical News Today

Home remedies for heat rash: 12 natural methods - Medical News Today
Home remedies for heat rash: 12 natural methods  Medical News Today

Home remedies for chickenpox: How to get quick relief - Medical News Today
Home remedies for chickenpox: How to get quick relief  Medical News Today

Stopping premature ejaculation: Remedies and exercise - Medical News Today
Stopping premature ejaculation: Remedies and exercise  Medical News Today

Toddler cough remedies: 4 safe methods - Medical News Today
Toddler cough remedies: 4 safe methods  Medical News Today

Black tongue: Causes, treatments, and home remedies - Medical News Today
Black tongue: Causes, treatments, and home remedies  Medical News Today

The best home remedies for laryngitis - Medical News Today
The best home remedies for laryngitis  Medical News Today

Trigger finger: Causes, treatment, and remedies - Medical News Today
Trigger finger: Causes, treatment, and remedies  Medical News Today

7 home remedies for quick relief from gum pain - Medical News Today
7 home remedies for quick relief from gum pain  Medical News Today

Home remedies for kidney infection: Safety and effectiveness - Medical News Today
Home remedies for kidney infection: Safety and effectiveness  Medical News Today

Natural home remedies for bad breath - Medical News Today
Natural home remedies for bad breath  Medical News Today

Home Remedies for Muscle Cramps - U.S. News & World Report
Home Remedies for Muscle Cramps  U.S. News & World Report

Getting over a cold using home remedies - WXYZ
Getting over a cold using home remedies  WXYZ

Home remedies for pigmentation - Medical News Today
Home remedies for pigmentation  Medical News Today

Split lip: Causes, treatments, and home remedies - Medical News Today
Split lip: Causes, treatments, and home remedies  Medical News Today

Home remedies and natural treatments for gout - Medical News Today
Home remedies and natural treatments for gout  Medical News Today

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

How to sleep with a stuffy nose: Tips and home remedies - Medical News Today
How to sleep with a stuffy nose: Tips and home remedies  Medical News Today

Hidradenitis Suppurativa: Home Remedies for Pain Relief - HealthCentral.com
Hidradenitis Suppurativa: Home Remedies for Pain Relief  HealthCentral.com

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

Home Remedy of the Week: How To Use Holy Basil Leaf (Tulsi) To Relive Acidity and Gas Naturally at Home - LatestLY
Home Remedy of the Week: How To Use Holy Basil Leaf (Tulsi) To Relive Acidity and Gas Naturally at Home  LatestLY

3 Home remedies for acne - Times Square Chronicles
3 Home remedies for acne  Times Square Chronicles

How to stop or manage heavy periods: Treatment and home remedies - Medical News Today
How to stop or manage heavy periods: Treatment and home remedies  Medical News Today

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

Asymmetrical eyes: Causes, treatments, and home remedies - Medical News Today
Asymmetrical eyes: Causes, treatments, and home remedies  Medical News Today

How to sleep better: Tips and home remedies - Medical News Today
How to sleep better: Tips and home remedies  Medical News Today

Stomach burning: Causes, treatments, and home remedies - Medical News Today
Stomach burning: Causes, treatments, and home remedies  Medical News Today

Dark lips: Causes and 5 natural remedies - Medical News Today
Dark lips: Causes and 5 natural remedies  Medical News Today

Follow these residence cures to take away gasoline and acidity, you're going to get aid quickly - Sahiwal Tv
Follow these residence cures to take away gasoline and acidity, you're going to get aid quickly  Sahiwal Tv

The best home remedies for hair growth - Medical News Today
The best home remedies for hair growth  Medical News Today

Peeling skin on face: Causes and 11 remedies - Medical News Today
Peeling skin on face: Causes and 11 remedies  Medical News Today

How to Get Rid of Cramps: 10 Proven Home Remedies - Healthline
How to Get Rid of Cramps: 10 Proven Home Remedies  Healthline

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

12 Natural Remedies for Sore Throat — How to Cure a Sore Throat Fast - GoodHousekeeping.com
12 Natural Remedies for Sore Throat — How to Cure a Sore Throat Fast  GoodHousekeeping.com

How to get rid of a blister: 5 natural home remedies - Medical News Today
How to get rid of a blister: 5 natural home remedies  Medical News Today

Top 15 home remedies for preventing various diseases - Times of India
Top 15 home remedies for preventing various diseases  Times of India

Chest infections: Symptoms, treatments, and home remedies - Medical News Today
Chest infections: Symptoms, treatments, and home remedies  Medical News Today

Boiling water burn: Symptoms, treatments, and home remedies - Medical News Today
Boiling water burn: Symptoms, treatments, and home remedies  Medical News Today

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

Baby congestion: Causes, symptoms, and home remedies - Medical News Today
Baby congestion: Causes, symptoms, and home remedies  Medical News Today

Pregnancy acne: Treatments and home remedies - Medical News Today
Pregnancy acne: Treatments and home remedies  Medical News Today

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

I'M JUST CURIOUS: Simple home remedies - Town Line
I'M JUST CURIOUS: Simple home remedies  Town Line

Swollen gums: Causes, treatments, and home remedies - Medical News Today
Swollen gums: Causes, treatments, and home remedies  Medical News Today

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

Home Remedies — short stories full of urgency and understanding - Financial Times
Home Remedies — short stories full of urgency and understanding  Financial Times

Seven home remedies to stop hiccups - Daily Sabah
Seven home remedies to stop hiccups  Daily Sabah

Follow these dwelling treatments to take away fuel and acidity, you're going to get aid quickly - Sahiwal Tv
Follow these dwelling treatments to take away fuel and acidity, you're going to get aid quickly  Sahiwal Tv

How to manage symptoms of a common cold and what you need to do it - Business Insider - Business Insider
How to manage symptoms of a common cold and what you need to do it - Business Insider  Business Insider

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