What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.

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15-02-2017
Business

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What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.

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deebikamadhivanan deebikamadhivanan · Answer 1 · 2021-10-26T17:16:41+02:00

Successful businesses, small and large, require excellent management from the top down, including shift supervisors and foremen. Communication, a natural business culture, and clear aims and priorities are all things that good leaders provide to their people.

The need of bringing up a successful business requires:

Cash flow is critical, particularly for any type of business. Every business, including small ones, relies on revenue to survive.
The company should begin earning revenue as soon as possible.
Ensure that the brand generates revenue as soon as possible, whether through pre-orders or deposits.
The businessperson must be aware of the level of competition in their neighborhood.

For example, if there is a lot of rivalry for outdoor footwear, the coffee shop might be a better option. He or she also needs to know whether businesses have production factors that they are able to meet.

For more information related to leading a successful business, refer to the link:

https://brainly.com/question/12466729?referrer=searchResults

sohail09753 sohail09753 · Answer 2 · 2021-11-09T11:31:48+01:00

Small and large enterprises alike, including shift supervisors and foremen, require outstanding management from the top down. Good leaders give their people communication, a natural business culture, and clear goals and priorities.

The necessity to start a successful business necessitates:

1. Cash flow is crucial in any form of organization. Every business, big or small, relies on revenue to stay afloat.

2. The business should start making money as soon as possible.

3. Assist the brand in generating income as quickly as possible, whether through pre-orders or deposits.

4. The entrepreneur must be aware of the amount of competition in his or her area.

If there is a lot of competition for outdoor footwear, for example, the coffee shop might be a better option. He or she must also determine whether or not businesses have production variables that they can meet.

Refer to the following link for further information on how to run a successful business:

brainly.com/question/12466729