When planning a new business or developing an existing one, it is
useful to have a gut feel for the characteristics of a successful business.
Here are some criteria against which to measure your business or its plan:
1.
Sensibly financed (with prudent mix of equity and debt).
2.
Strong cash position (with access to follow-on or contingency
funds).
3.
Offers above-average profitability (in terms of return on capital
invested).
4.
Aims for rapid growth in revenues (with profits lagging but in
prospect).
5.
Targets expanding, or otherwise attractive, market segments.
6.
Develops a strong franchise or brand.
7.
Devotes substantial resources to innovation (R&D, offerings or
market).
8.
Competes on non-price issues (e.g. quality, service,
functionality).
9.
Very close to customers and responsive to their needs.
10.
Seeks specialist/leadership image with superior offerings.
11.
Well managed with high-grade staff & good people-management.
No comments:
Post a Comment