Find out some of tips from successful business owners. http://www.amazon.com/gp/pdp/profile/A2D3BOK2AFB64Y

1. TIPS TO BE
SUCCESSFUL IN BUSINESS

2.  Having your own business is much like
setting out on an exciting adventure into an
unknown land. Like an adventure, you must
deal with unforeseen circumstances that may
arise along the way. Successful
entrepreneurs, both today and in the
past, have used a number of tips to help
them succeed in a competitive business
world

3. UNDERSTAND VALUE

Warren Buffet, CEO of Berkshire Hathaway
and one of the richest men in the world, once
said, “Price is what you pay. Value is what
you get.” Understanding this difference can
mean success or failure in your business, not
only in product pricing, but also in what you
pay for materials, supplies and employees.

4. INNOVATE
 Don’t do what others have done before you.
Find whole new products, techniques and
services that make life better for people.

5. GET CUSTOMER FEEDBACK

Some entrepreneurs make the mistake of
fearing customer complaints and their
dissatisfaction with products or services.
These customers are the ones that can tell
you how best to improve your product.

6. FIND SOLUTIONS, NOT SOMEONE TO BLAME

Henry Ford, founder of the Ford Motor
Company, believed that wasting time
discovering whom to blame did not help his
business. It only wasted time. When a
problem arises, spend your time finding the
solution instead of obsessing over what went
wrong.

7. FILL A NEED

The most important thing a successful
entrepreneur does is to find a need that is
not being served and to fill it. This action
leads to success.

8. TALK LESS, DO MORE

Though communication between levels of the
business, be careful of the time-wasters of
pointless meetings that do not produce
results.

9. VALUE YOUR TEAM

Remember that a business is not just a
product or a system, but also the team that
creates a successful operation every day of
the week. Reward your team for their efforts.
Pay attention to training and results.

10. ALWAYS CONTROL COSTS

Checking the bottom line is not a periodic
task. It is an ongoing effort that should be
monitored every moment of the day. If you
find costs out of control, change the system
immediately before you begin to bleed
money.

11. MONITOR YOUR COMPETITION

A good entrepreneur is always on the watch
for ways to do better. Keep an eye on
competitors to ensure that you are ahead of
them in product offerings, customer service
and better methods of production.

12. LOOK FOR OPPORTUNITIES TO EXPAND

The market is always changing, and a good
entrepreneur is always alert to new
opportunities for expanding the business and
serving the customer.

13. FORM ALLIANCES FOR EFFICIENCY

Successful entrepreneurs know you don’t
have to do everything yourself. Outsourcing
many operations can have a beneficial effect
on the bottom line.

14. FOCUS YOUR MARKETING

Know who needs your product or service and
where to find them. Target your marketing
efforts for the biggest bang for the buck.

15.  Sources:
 This information has written permission to be
reprinted from the original article seen on:
 http://brianmoaddeli.edublogs.org/