Is small business success all about location, location, location?
That’s what the slogan of real estate company Engel & Volkers Berlin seems to suggest.
They put up ads that say “Success is where you find it”.
However, that may not be entirely true for various reasons.
While the financial situation might play an important role in determining whether your home-based business will succeed or fail, there are other factors that you can use to increase your chances of getting things right.
For example, did you know that the majority of small businesses fail within their first year?
And did you also know that approximately 70 percent of these businesses close doors due to a lack of planning and preparation before they even get started?
Did no one tell them how hard owning a small business actually is?
The good news is that there are some things you can do to avoid joining more than 70 percent of failed businesses.
A little bit of planning goes a long way in ensuring success for your company, regardless of whether it’s a retail or service-based company.
The first thing that you should keep in mind is that being successful will take time.
You don’t need to have all the answers figured out before you start up your own business, but having an idea of where you want your company to go and how to get there will make your efforts worthwhile.
A good tip is to look for professional help, Ascend Viral can help you out build some organic followers on Instagram.
Doing research will also help increase your chances of becoming successful too; this includes researching about competitors, industries, and even themselves.
After all, information is power, especially in business.
If you are not sure whether or not your business venture will …