your password has been reset successfully, Please login again.

Follow These Ideas to Achieve Success in the Business

Like a student’s life, the entrepreneur should become well-versed with entrepreneurial lessons and excel in the industry by attaining profitability as well as recognition
BY Jaspreet Kaur
Feature Writer, BusinessEx
Apr 01,2019

Try, try and try hard until you achieve success! In the entrepreneurial journey attaining success is not easy. Like a students life, the entrepreneur should become well-versed with entrepreneurial lessons and excel in the industry by attaining profitability as well as recognition. For the entrepreneur, proving his mettle becomes core important when he enters in the business ecosystem. If he fails in the examination, then the entire business entity falls down along with his dreams and sadly, a retake is not given in this realistic example.

So, once the business closes then it cant be started again from the same roots and via same idea. Today, many entrepreneurs fall in the same category who takes time realizing the fallacies in the business model and ultimately, could not rectify the issues since it is too late.

Attaining success

For attaining success in the business front, the entrepreneur does not need a mantra. Regular planning and observing the business techniques are sufficient to ace the competitors. While the versed entrepreneurs have tactics to deal with unforeseen business events, the new entrepreneurs lack knowledge and thus, look for guidance in the industry.

  1. Stop doing mistakes repeatedly

Primarily, the entrepreneurs are not guided as to what they have to do. They follow a usual approach and surround their actions within that cycle. If the business is not achieving profits, then the entrepreneurs believe that this happens because of reducing sales and secondly, put efforts in branding and sales.

After the efforts, if the sales figure doesnt increase drastically then the entrepreneurs seek investors. These two approaches, increasing sales and seeking investors, dont always work in every business. Sometimes, the entrepreneur needs to think of a different business idea so as to increase the business.

  1. Differentiate working and non-working things from the list

In a business, there are a variety of ideas which work and dont work. In order to administer the business better, the entrepreneur needs to categorize things into two segments, workable and non-workable. Suppose if a particular business idea is working, then the entrepreneur needs to amplify it and further, try maneuvering it in the future.

In the second category, non-workable elements should be removed from the company such as unsuccessful marketing strategies and expensive branding.

  1. Keep evaluating the business

Despite earning huge revenue, it is important for the entrepreneurs to monitor the business growth. By observing the business model from time to time, the entrepreneur will find problems and even, pluses in the business. By resolving the issues and escalating the plus points, the company can be expanded by multiple times.

Adhere to the aforementioned ideas and enhance the business.

Please add your Comment
SIMILAR Articles
August 22, 2019
To create a level playing field, the government is deciding to open its online e-commerce platform, ...More
By Jaspreet Kaur
August 21, 2019
To achieve this target, the government emphasised on developing and infusing money in several sector ...More
By Jaspreet Kaur
August 16, 2019
With Series D Equity financing round, the valuation of ShareChat has incremented to $650 million. ...More
By Jaspreet Kaur
August 14, 2019
By making a transaction with Amazon, the Indian retailer plans to increase its valuation by INR 20 b ...More
By Jaspreet Kaur
August 09, 2019
With this transaction, Nahoko Hoshino, Vice President of the Japanese investment group, SoftBank Inv ...More
By Jaspreet Kaur
August 08, 2019
The hyperloop company, Virgin Hyperloop One, and DP World will be developing the line in India. ...More
By Jaspreet Kaur
August 08, 2019
By discarding “special status” provision to J&K state, the economy in the province will boom and in ...More
By Jaspreet Kaur
August 05, 2019
For developing a connection, an employer needs to convey the ‘human consequences’ of a work to the e ...More
By Jaspreet Kaur
August 03, 2019
Apart from RBI’s non-permittance to source data outside India, WhatsApp Pay had a fallback because o ...More
By Jaspreet Kaur
August 02, 2019
The leading food-tech company, Swiggy is trying to close a $700-$750 million round syndicated by Sou ...More
By Jaspreet Kaur
August 01, 2019
The food-tech companies have recently found cloud kitchen as one of the mediums to gain traction of ...More
By Jaspreet Kaur
July 31, 2019
According to media reports, CCD’s founder had leapt into Nethravati River, Mangaluru and after 36 ho ...More
By Jaspreet Kaur