SOLUTION: BUSN100 American Military University Successful in Business Discussion

Attached.

Business Success – Outline
I. What it takes to be successful in business
II. Differences between an entrepreneur and business manager
III. Similar characteristics between an entrepreneur and business manager
IV. Successful entrepreneur
V. Conclusion

Running head: BUSINESS SUCCESS

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Business Success
Name
Institution

BUSINESS SUCCESS

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Business Success

The initial stages of a business are critical in determining the success or failure in any
business venture. For a startup, the key fundamental component that ensures success is planning
by designing a practical business plan. Understanding the customers buying behaviors, the means
to reach them through product promotion and production of quality goods also contribute to
better performance. Eventually, success in a given business opportunity is characterized by
various fiscal and viability measurements. Characteristics of a successful business include
growing profits, production of good quality commodities, consumer loyalty, strong brand
awareness, and community development projects. Over the years, there has been vast literature
addressing the means to a successful business. However, the main driver of an entrepreneur is
passion and love for the specific …