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How can I be sure my business will be a success?

I wan to make sure my business lasts as long as it can without too many problems accruing during it's lifetime. #success

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+25 Karma if successful
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Subject: Career question for you
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Deijana’s Answer

For a successful business, it's important to do your research and know your market. Make a plan. Write it down and make a list, with your ideas and look for some great resources to help you along the way. There are plenty of small business loans that will help you get started. Give this dream all of your energy and don't let obstacles stop or discourage you. They will come and they are meant to be conquered. Problems will arise it is life but having knowledge about your market and being patient can help a lot along the way. Good luck!
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Rebecca’s Answer

How do you define your business is success? Different people have different views. Even you think that the business is good today, you have to consider the sustainability.

Firstly, you have to identify the business you are interested in and then you may need to analyze the respective areas like entry barriers, rivals, substitutes, etc. How can you differentiate from your competitors? , etc. After you decide the final business, you can further define the business model and implement it.

Hope this helps and Good Luck!
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