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Outline for Factors that contribute to the success of a Business

Categories: Business Success

Introduction:

Thesis statement: This research explores the factors that contribute to the success of a new business. It will act as a guide for the new entrepreneurs to have a beforehand knowledge about the market. Successful businesses are all about understanding the market better.

B) Body:

An innovative idea

a.The purpose or idea of the business should be a solution to a problem maximum people are facing. For example, darkness was a problem to people and so light bulb invented by Thomas Alva Edison came as a solution.

b. some popular saying:

  • “You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don’t see them.” – Jay Abraham
  • “When you confront a problem, you begin to solve it.” – Rudy Giuliani

Hence, looking for problems and then their solutions can be the right way to get a unique business idea.

A great team:

  • a.Capable and talented people that can look for the long-term benefits of the business and with some nice strategy making skills.

    Qualities like leadership, discipline, punctuality, decision making etc. is what a businessman should look for while hiring their teammates.

  • b. “None of us is as smart as all of us.” – Ken Blanchard
  • “If everyone is moving forward together, then success takes care of itself.” – Henry Ford

Great Marketing and customer service:

A good marketing strategy can be the key to success. Attractive advertisement and in a right way will build up interest in people.

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Thinking about the product you where last attracted to and then why were you attracted can help.

But then no one likes going to a place where they are not treated well. Therefore, customer service should not be neglected.

  • “Good content isn’t about good storytelling. It’s about telling a true story well.” – Ann Handley
  • “Marketing is telling the world you’re a rock star. Content Marketing is showing the world you are one.” – Robert Rose
  • “Treat the customer like you would want to be treated. Period!” -Brad Schweig

C) Conclusion:

Hence, these three are the important factors that contribute to the success of a new business.

Factors are supported by quotes of some great business to make it more appealing.

Knowing the market and acting according to it with a team of some really talented people is the key to getting success in a business.

References

  • Dizon, A. (2018, March 23). 120 Helpful Customer Service Quotes from the Pros. p. 5. Retrieved from S. (2016, April 23).
  • Factors that Contribute to Business Success. Leaders Look at the Big Picture, p. 2. Retrieved from D. (2014, February 14).

 

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Outline for Factors that contribute to the success of a Business. (2019, Nov 22). Retrieved from http://studymoose.com/research-project-part-comprehensive-outline-10-example-essay

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