The last time we started to talk about Seven Basic Business Requirements. and we examined the fact that our Attention is very important as regards to our business. but today, let us look at at least two more requirements a business would need so as to make success. Here we go!
2. Management.
quite a lot of people have defined management. But in this context,it is your ability to control, guide and direct all your resources in the right proportion. your business requires that you guide, control and direct all your resources to meet up your set up goals and objectives. This entails adequate human resources development and direction as well as a good resources distribution. Adequate resources leads to an effective business as well as a good profit base investment.
3. Finding The Right Market Place. The environment in which your end products are finally consumed or bought for the end user is very vital in this sense. Like it was shared in the last article, where I talked about increasing your Stock Turn Over (S.T.O), your market base should be able to fit into your products. When your products do not meet the intent desire of the folks in your environment, that is your immediate market place,it inevitable that such business will suffer a defeat. But if adequate market place is provided, it is inevitable that there would be a traffic of customers at your disposal. Finding a suitable and fitting market place is a requirement to make your business effective.
