What causes one small business to succeed while another fails? Though there isn’t a definitive recipe for success but owners of small businesses that rise at the top, often share these traits in common:
Tech-savvy – Most successful small business owners are connected digitally and invest money into their website, IT, social media efforts and office equipments – all in the interest of efficiency.
Inquiring – These business owners are constantly seeking out new information and strive to understand what is the ‘behind-the-failure’ or success of particular initiatives, in addition to keeping an eye on trends in the industry.
Experimental – Successful business owners are constantly testing new ideas and methodically measuring results in a search for the most effective ways to sell, market and manage their businesses.
Task-oriented – Successful business owners have the ability to plan ahead, understanding how daily tasks claim to the company’s long-term strategy.
Content – Successful business owners take pride in the accomplishments of their businesses and in producing a great product or service.