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10 Success Formula of Business

Writer's picture: Shashwat GuptaShashwat Gupta


This blog is all about the lessons to build your startup or huge business. Check out the 10 successful formulas of business you should know.


1. Missing Innovation Around Customer’s Money Making Model


To make your business successful, you should think about the success of your customer. You should understand the actual needs of the money-making model and the recurring revenue model of your customer to create innovation in your business. Uber is an example of a business with missing innovation.


2. Negative Cash Flow


Negative cash flow or negative working capital makes the business weak. Therefore, a businessman should focus on making positive cash flow in the business. Askme.com is an example of a negative cash flow business.


3. Expansion with Negative Margin


For a successful business, you should not compromise with your margin by selling the products at a very low cost. Zomato is an example of a negative margin business with expansion.


4. Lack of Talented Manpower


You should be prepared with the manpower of highly capable and talented people to carry out your business successfully.


5. Scalability with Recurring Revenue Model


You should look after the scalability of your business with customer retention and recurring revenue model of the customers to bring success in your business.


6. Mixed Marketing Signal and Wrong Positioning


A successful entrepreneur knows how to position his product by identifying the perfect customer as well as the product. ThumsUp is an example of a product positioning business.


7. Releasing Product as a Laggard


You should better understand your product timing and adoption curve of the market to avoid business failure.


8. Save Yourself from Getting Outcompeted


Make your business topmost by creating an entry barrier in the business such as patent & licensing, intellectual property rights, and proprietary technology.


9. Missing the Process of Converting Feedback into Feed-Forward


A business should be customer-oriented thus you should convert the feedback of your customer into feed-forward without wasting time.


10. Business Model of Building Complete Ecosystem


It is important to build a complete ecosystem or community to undertake the business successfully. Facebook is a wonderful instance of an ecosystem for business.


See You in the Next Blog, Bye

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