企业被定义为一种倾向的个人或商业冒险。开始一个新的业务总是危险的。毫无疑问,商人所做的所有研究工作之前建立一个业务,但总有一种可能,客户不喜欢的产品或服务。开始自己的企业的人被称为一个企业家。他是一个有创意的想法决定克服所有的障碍,有能力找到新的业务机会和能力。一个企业的成功主要取决于企业家的质量(Nah et al,2001)。
Enterprise is defined as an inclination of an individual person or the business to take risks. To start a new business is always perilous. There is no doubt that the business man does all his research work before setting up a business, but still there is always a possibility that the customers do not like the products or the services. The person who starts his own enterprise is known as an entrepreneur. He is the one with creative thoughts who decides to overcome all the hurdles and has the capability and ability to find the new business opportunities. The success of an enterprise mostly depends on the quality of entrepreneur (Nah et al, 2001).
This report will discuss the factors that are responsible for the success of a business and how the business should react to changes to be successful.
Success in Business
In today’s scenario, there are so many small and big firms that are operating in the market. Every firm wants to be on top and get success. An enterprise can be successful only if it has got a capable leader. A successful business is one where the management and the employees have complete knowledge about their core business which includes knowledge about product, services, tendency in the market and customers. A successful business is one which is aware about the competitors in market. There many other important factors which decide whether the business is a success or a failure (Nickel et al, 2011). The factors are like complete control on finances, management of the resources; staff and equipment. A successful enterprise is well-organized and they always plan the things and strategies in advance. A successful enterprise is always open to the new business avenues so that they can grow more and more.