1.14 Characteristics in Successful business


A successfully rising business is expected to demonstrate the following characteristics:
Prudently financed (with sensible blend of equity and liability).
Well-built cash situation (access to follow-on or unforeseen event funds).
Puts forward above-average productivity (in terms of return on capital invested).
Aspires for speedy intensification in revenues (with profits wadding but in scene).
Marks expanding and lucrative, market segments.
Builds up a sturdy franchise or brand.
Allocates sizeable funds to innovation (R&D, offerings or market).
Contend on non-price issues (e.g. quality, service, functionality).
Close to customers and receptive to their requirements.
Seeks specialist/leadership image with superior offerings.
High-grade staff & first-class people-management.