AN INSIDER STORY OF SUCCESSFUL COMPANIES

Learn from enterprising, flexible, innovative entrepreneurs how they started and managed successful companies, what criteria they use to evaluate, what practices they follow, and how your business can meet these criteria by using similar concepts. This is critically important.

Six secrets to success followed by these entrepreneurs are: Originality, Leadership, Management Team, Financial Performance, Degree of Difficulty and Culture- Values- Incentives.

The cultural context of the competition is in the context of business itself: Brilliant ideas, Rapid change, Uncertain times, Great opportunities And hard practicalities.

In the case of all successful companies the following stand out in squarely beating the competition in the market place: Leadership, Innovation, Financial Management And cohesive team building.

"Leadership:”

Make it so to put your entrepreneurial spirit to work toward concrete accomplishments. This challenging task requires vision, passion, commitment, and risk taking - all focused strategically. You can become a better leader by practicing and developing leadership skills, because experience makes leaders better if they are willing to grow and change.

"Leaders have to act more quickly today. The pressure to act that comes from employees, shareholders, and directors comes much faster than it did five to 10 years ago because information is available in a much shorter time now."

While business climates and technologies are always changing, the valuable traits that make a great leader have remained constant over time.

"Team Building:” Placing People First

Set out the managerial practices that lead to the alignment, profitability and longevity - emphasise building a strong management team, including advisors, board of directors and executives

Next serve the rest of your company's stakeholders: your employees, your customers, and your community

Use successful methods to attract, reward and retain productive, effective workers. Employee development is a clear sign of an entrepreneur's commitment to building a company that is meant to beat competition.

“Innovation:” Breaking the Mould

Entrepreneurs must embody creativity and implement originality throughout their organizations. Innovation as it applies at the beginning of a venture and during the company's continued survival and growth. Innovation also demands the ability to inspire, to adapt, to diversify, to change to be flexible, and to overcome adversity. Ideas don't have to be original, but they become innovative when they are adapted from one arena to another. This ability to retrofit ideas flexibly and apply new ways of getting things done translates into another important area and one that is more difficult of achievement than pure creativity: adapting to change

"Financial Performance:” Money Matters

Entrepreneurs create long-lasting growth and profitable businesses based on wise planning and strategic thinking. Praise strong financial practices and disapprove weak ones, such as stubborn refusal to adjust to changing circumstances. You can be the greatest guy, the greatest innovator, the greatest engineer... have charisma, be a great speaker, but you can still be the worst manager because you don't have the command of the financials.

Successful business leaders are graduates of the "University of Entrepreneurship," with a perfect understanding of how entrepreneurs start with ideas and create enduring businesses

An interaction with these successful business leaders reveals their following traits. They - Receive and review news and information - Utilize cultural information before conducing business - Understand the differences in Manager-Subordinate relationship - Know which gestures are appreciated and which are to be avoided - Can effectively deal in business in ‘languages’ other than their own - Know how the communication style practiced can influence business practices

"You be your judge” Inside the Process

To build a successful company Best of Luck!

Thank You