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Key Factors for a Successful Business

A client asked us recently “what are the key factors for a successful business”? We think the following are some of the important factors to take into consideration:

  • Think about “scaling up” your business from the very beginning of the business, no matter how small the business. This means implementing systems, regular meetings, adopting business strategies, thinking about the future, thinking about your exit strategy.
  • Appoint a mentor – someone who understands business who you can talk to.
  • Appoint a board of advice and then, as you grow, a board of directors.