What Makes a Successful Business versus an Unsuccessful one?

1 March 2016

successful_vs_unsuccessful

Common Traits of Successful Business People

Read about their industry every day

Are positive about the future

Embrace change

Learn from their mistakes

Talk about ideas

Have a vision

Continuously improve

Accept responsibility for their failures

Reward and publicize good work

Set goals

Have a solid plan

Use advanced metrics to measure performance

 

Common Traits of Unsuccessful Business People

Are too busy to read

Fear the future

Fear change

Dwell on their setbacks and mistakes

Talk about others

Have no vision

Do the same things they have always done

Think they know everything

Blame others

Never set goals

Have no plan

Measure results based on gut feeling and opinion

The largest cost to any business is opportunity cost

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