5 components of a successful business:

There are a variety of business and understanding of different approaches to the definition of its constituent parts. This article will focus on these five components, as ideas, responsibility, competition, profit, luck and perseverance. So, everything in detail.

1. Ideas

We put this component in the first place for several reasons. First, in the 21st century, when it would seem, just not what coined and invented, to find the idea of ​​"a million" is really easy. Second, can not upset that the modern business in Russia are often based on the banal outbid. Close wholesaler buys goods from the manufacturer, small wholesalers - in large shops - from small wholesalers, small shops - large stores. And such a chain can be very long. And the price of goods at each stage of increases, but the quality remains the same. Agree, so will not get far. Therefore, we need new topical ideas that benefit manufacturers and (business) and consumers.

2. Responsibility

This is the next big cog mechanism called "business". It is important to understand that the responsibility always lies with the head and not on the slave. It takes the head of important and momentous in the life of the company's solutions. Opening your own business, you must remember that you have to solve the problem, you want it or not, as well as to find ways out of this unpleasant situation.

3. Competition

It should be understood that non-competitive industries is now effectively dead. And your company have (unless, of course, want more income) to pay attention to market research, competitor analysis. Even if you generate a brilliant idea that has no analogues, be prepared for what will most likely in a few years you will feel the pressure from the companies that came in your industry.

4. Profit

Profit - is precisely what motivates people to create businesses. Making a profit is largely determined by the price policy of the company. And this policy is to be competent and justified. You should also take into account that in certain sectors actually make a profit only if the company operates a huge amount of product.

5. Luck and persistence

Perseverance in business is often a deciding factor in the success of the company. Under tenacity meant laborious task-oriented work, which does not necessarily imply immediate results. A constant work, which is based on strategic mistakes with perseverance has nothing to do.

The business also can not do without luck factor. Most changes occur (in economics, politics) that can raise you as great heights, and lower it to the bottom. But if you have sufficient experience and knowledge, that such a unpredictable factors can be minimized.