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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 Mon. November / 18 / 2019
Fever home remedies: Adults, children, and infants - Medical News Today
Fever home remedies: Adults, children, and infants  Medical News Today

Struggling with cough and cold? Try THESE home remedies for immediate relief - PINKVILLA
Struggling with cough and cold? Try THESE home remedies for immediate relief  PINKVILLA

7 Best Home Remedies to Soothe Itchy Skin - How to Relieve Itching - Prevention.com
7 Best Home Remedies to Soothe Itchy Skin - How to Relieve Itching  Prevention.com

Home remedies: Weathering those wrinkles | Human Interest - The Union Leader
Home remedies: Weathering those wrinkles | Human Interest  The Union Leader

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

Best home remedies for a sore throat - Times of India
Best home remedies for a sore throat  Times of India

Flaky eyebrows: Here are 7 natural ways to get rid of brows dandruff - Times of India
Flaky eyebrows: Here are 7 natural ways to get rid of brows dandruff  Times of India

World Diabetes Day 2019: Control Your Blood Sugar Levels Naturally With These Effective Home Remedies - NDTV News
World Diabetes Day 2019: Control Your Blood Sugar Levels Naturally With These Effective Home Remedies  NDTV News

Do you have dry skin? Try these 7 effective home remedies for happy skin - Times of India
Do you have dry skin? Try these 7 effective home remedies for happy skin  Times of India

The Best At-Home Remedies For Dry & Chapped Lips By Rebecca Fearn - Bustle
The Best At-Home Remedies For Dry & Chapped Lips By Rebecca Fearn  Bustle

Ask the Doc: Common Cold? Home Remedies That Help! - Georgia Voice
Ask the Doc: Common Cold? Home Remedies That Help!  Georgia Voice

6 Home Remedies for Cystic Acne That Work - YouBeauty
6 Home Remedies for Cystic Acne That Work  YouBeauty

Ariana Grande cancels show amid 'scary' health struggle: 'In a lot of pain' - Today.com
Ariana Grande cancels show amid 'scary' health struggle: 'In a lot of pain'  Today.com

Some European doctors think Chinese medicine should come with a health warning - KTXL FOX 40 Sacramento
Some European doctors think Chinese medicine should come with a health warning  KTXL FOX 40 Sacramento

The best natural remedies for getting rid of warts - Pulse Nigeria
The best natural remedies for getting rid of warts  Pulse Nigeria

Natural Easy-To-Find Home Remedies for Treating Hair Loss - DA MAN Magazine
Natural Easy-To-Find Home Remedies for Treating Hair Loss  DA MAN Magazine

What is head lice? Know about its causes, symptoms and home remedies to keep them at bay - Times Now
What is head lice? Know about its causes, symptoms and home remedies to keep them at bay  Times Now

Fact or fiction? We're putting Grandma's remedies to the test - KENS5.com
Fact or fiction? We're putting Grandma's remedies to the test  KENS5.com

Here's how you can treat sinus at home by consuming these foods - Times of India
Here's how you can treat sinus at home by consuming these foods  Times of India

Itching after a shower: Causes and remedies - Medical News Today
Itching after a shower: Causes and remedies  Medical News Today

Home remedies for Pneumonia: Use these natural tips to help ease your symptoms - Times Now
Home remedies for Pneumonia: Use these natural tips to help ease your symptoms  Times Now

Top ten home remedies passed down through the generations - Wales Online
Top ten home remedies passed down through the generations  Wales Online

Sore Throat Symptoms: FIND OUT the symptoms, home remedies & treatment for sore throat - PINKVILLA
Sore Throat Symptoms: FIND OUT the symptoms, home remedies & treatment for sore throat  PINKVILLA

I Look Like I’ve Been in a Fight, but That’s Just My Face - Slate
I Look Like I’ve Been in a Fight, but That’s Just My Face  Slate

Hair Care Tips: THESE home remedies can help you treat winter hair problems - PINKVILLA
Hair Care Tips: THESE home remedies can help you treat winter hair problems  PINKVILLA

On Facebook, fears of parasites push people to post pictures of feces and pursue dangerous remedies - NBCNews.com
On Facebook, fears of parasites push people to post pictures of feces and pursue dangerous remedies  NBCNews.com

Home remedies for chest congestion: How to get rid of mucus with ginger, honey and other natural products - Times Now
Home remedies for chest congestion: How to get rid of mucus with ginger, honey and other natural products  Times Now

Try these affordable and effective home remedies to stop your partner snoring — plus win £50k in the Sun Sa - The Sun
Try these affordable and effective home remedies to stop your partner snoring — plus win £50k in the Sun Sa  The Sun

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Struggling with corns and calluses? Try THESE home remedies to treat them  PINKVILLA

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How to remove blackheads naturally: Causes, prevention, home remedies to treat the condition once and for all  Times Now

Skincare problem before your big day? Try THESE home remedies to treat it before your wedding - PINKVILLA
Skincare problem before your big day? Try THESE home remedies to treat it before your wedding  PINKVILLA

Joint pain: Causes, foods, prevention, other natural home remedies that provide relief - Times Now
Joint pain: Causes, foods, prevention, other natural home remedies that provide relief  Times Now

No need to visit doctor for sore throat - BOL News
No need to visit doctor for sore throat  BOL News

Clean your face with this home remedies - News Track English
Clean your face with this home remedies  News Track English

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Simple home remedies for treating cracked heel  TheHealthSite

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How to stop snoring naturally: 11 home remedies for sleep without snores  Times Now

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Do you have chest pain? Here are 10 effective home remedies that can help tackle this problem  Times Now

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Home remedies to heal toothaches: Clove oil, guava leaves and other natural products  Times Now

Mumbai: Gastro cases fall by 49% in city - Free Press Journal
Mumbai: Gastro cases fall by 49% in city  Free Press Journal

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10 Home Remedies Proven To Get Rid Of A Cough Naturally  Version Weekly

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Suffering from gout pain? These five home remedies will provide relief from gout  Times Now

In the throes of a cold you do what makes you feel better. But are you treating the symptom or the disease? - Toronto Star
In the throes of a cold you do what makes you feel better. But are you treating the symptom or the disease?  Toronto Star

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Palate Fest 2019: Top chefs and restaurants to showcase their culinary magic  Times of India

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How to Make Ifnouzen, Watercress Couscous  Morocco World News

Hair Care Tips: Detox your hair with THESE home remedies - PINKVILLA
Hair Care Tips: Detox your hair with THESE home remedies  PINKVILLA

4 natural ways to treat an itchy scalp at home - Pulse Live Kenya
4 natural ways to treat an itchy scalp at home  Pulse Live Kenya

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Does your waxing session end with bumps and redness? Try THESE home remedies to soothe your skin  PINKVILLA

Home remedies for muscle cramps - WTOP
Home remedies for muscle cramps  WTOP

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6 best home remedies for lice  Medical News Today

You will get rid of pimps overnight, adopt this method - News Track English
You will get rid of pimps overnight, adopt this method  News Track English

15 Home Remedies for Oily Skin - Greatist
15 Home Remedies for Oily Skin  Greatist

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The best home remedies for laryngitis  Medical News Today

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10 Recipes for the Best Home Remedies to Fight Germs and Make You Feel Better  Parade

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A handy guide to buying the right kind of essential oil  Times of India

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Home remedies for pigmentation  Medical News Today

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

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

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

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Natural home remedies for bad breath  Medical News Today

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Try 7 All-Natural Home Remedies For Fat Loss  Version Weekly

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Toddler cough remedies: 4 safe methods  Medical News Today

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Home remedies to strengthen your immunity against pollution  The Day After

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Home Remedies 101  IOL

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How to get rid of pimples fast: Home remedies and prevention  Medical News Today

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

DIY minty remedies for skin problems - Yahoo Lifestyle
DIY minty remedies for skin problems  Yahoo Lifestyle

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Pregnancy acne: Treatments and home remedies  Medical News Today

Here are some ancient home remedies that are worth trying - Times of India
Here are some ancient home remedies that are worth trying  Times of India

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

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7 Home Remedies for Sinus Infection Symptoms  Shape Magazine

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

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

The best home remedies for cold and flu - Medical News Today
The best home remedies for cold and flu  Medical News Today

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

11 effective home remedies for arthritis - Medical News Today
11 effective home remedies for arthritis  Medical News Today

The top 10 home remedies for acne, according to dermatologists - TODAY
The top 10 home remedies for acne, according to dermatologists  TODAY

Can broccoli be the secret remedy to fight air pollution? - Times of India
Can broccoli be the secret remedy to fight air pollution?  Times of India

6 Milk Home Remedies You Didn't Know You Could Use — Including For Your Workouts And Sunburns - Bustle
6 Milk Home Remedies You Didn't Know You Could Use — Including For Your Workouts And Sunburns  Bustle

5 simple home remedies for diarrhea - Medical News Today
5 simple home remedies for diarrhea  Medical News Today

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Dark lips: Causes and 5 natural remedies  Medical News Today

Home Remedies for Diarrhea - Reader's Digest
Home Remedies for Diarrhea  Reader's Digest

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

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

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

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

Do you have a stiff neck? These 5 simple home remedies will help you get rid of it super fast! - Times of India
Do you have a stiff neck? These 5 simple home remedies will help you get rid of it super fast!  Times of India

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Home remedies: How to treat, and prevent, swimmer's itch  Medical Xpress

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

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

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

The 6 Best Home Remedies for a Cough - What to Do for a Cough - WomansDay.com
The 6 Best Home Remedies for a Cough - What to Do for a Cough  WomansDay.com

Two quick remedies to get rid of acidity at home - Times of India
Two quick remedies to get rid of acidity at home  Times of India

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

The best home remedies for menstrual cramps - Medical News Today
The best home remedies for menstrual cramps  Medical News Today

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The best home remedies for hair growth  Medical News Today

Hangover cures: Most effective home remedies - Medical News Today
Hangover cures: Most effective home remedies  Medical News Today

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

5 home remedies for pinkeye - Medical News Today
5 home remedies for pinkeye  Medical News Today

5 Doctor-Approved Home Remedies for Restless Legs Syndrome - Health Essentials from Cleveland Clinic
5 Doctor-Approved Home Remedies for Restless Legs Syndrome  Health Essentials from Cleveland Clinic

Heatstroke: 5 super-effective home remedies to treat heat stroke - Times of India
Heatstroke: 5 super-effective home remedies to treat heat stroke  Times of India

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