Requisites of business success

Requisites of business success

to achieve the business success some certain things are required.they are as follows:

1.personality of the managers:the managers should be very good.he should have the pleasant personality.he also should have managerial skills,intillegence,good communication etc.

2.well-defined objectives:the business should have its own objectives.so,that the activities  on the organization can be easily carried out.it helps in achieving organizational goal.

3.proper planning and policy:proper planning and policy should be made so that the company can achieve its goal without any difficulty.

4.adequate finance:adequate finance is required to perform the day to day activities like buying and selling of the goods in the company.to operate the business  activties adequate finance is inevitable.

5.proper location ,size:the business should be started in proper location so that all the required physical features can be achieved easily.so that the organizational goal can be easily achieved.

6.sound organization:the organization is necessary to control and coordinate all the physical features of the company.so that the activities of the organization will be effective and faster.

7.efficient management:efficient managemengt also helps to make the company co ordinate and work very properly.it also helps for producing qualitative products with higher profit.

8.employee morale:employee morale will also helps to do the work efficiently.it encourages the employee to work properly and make concious towards their work.