Business success typically requires hard-work, commitment and dedication. However, there are a couple of secrets, the knowledge of which can help significantly drive business success. Jumia Travel, the leading online travel agency, shares 4 best-kept secrets of business success.
Have a Worst-to-Best Scale
The best way to avoid bad business decisions is to first recognize them, and one of the best ways to do this is by evaluating your business on a worst-to-best scale. Once you are able to recognize bad business decisions, it will be easier to eschew them, then identify the best options for your business and pursue them, which can significantly help to drive business success.
Create Visual Reminders of Long-Term Goals
When trying to achieve business success, it’s easy to get ‘caught up in the daily grind’ and do things that are familiar, rather than things required for growth and profitability. Having visual reminders of your long-term goals can really help to create ‘tangible reminders’ that can help to keep your business focused on growth and profitability. It will help to serve as a constant reminder of your goals and help to keep you on track to achieving them.
Welcome Honest Feedback and Criticism
Over time, this has become less of a secret to most people, however, it is still a vital factor for business success. Feedback and criticism are good because they both help you realize the faults or failures in your business or business offerings. It important to learn how to effectively process criticism by receiving, assessing and letting go of hateful or negative criticism, and evaluating and acting upon constructive criticism. In addition, you should ensure that you solicit feedback from your target audience, open all channels of communication to receive this feedback and be gracious when receiving feedback. This way, people, especially your target audience, are more likely to be supportive of your business venture.
Pay Attention To Your Intuition
A number of successful business people, Warren Buffet for example, have credited their intuition for helping them make some of their toughest business decisions. Intuition is in fact real, and it is not very wise to ignore it as a business person. If something about a business decision doesn’t sit well with you, then it is probably defective. Intuition comes from deep within your subconscious and is derived from previous life experiences; it’s more or less your true self speaking, which is why it is usually not wise to ignore it.