For a business to be profitable, several factors or elements must appear, logically, all these factors are not always essential, there are exceptions, but they are very helpful so that in the end we can talk about a business that makes life happy.
Before looking at these factors, let's define what a profitable business is considering that this is my vision, maybe you think differently.
A profitable business is one that can work alone. The one that once seen or viewed the opportunity, and after previous work and study and an investment, can work under a system that I developed almost automatically.
And I say almost because when I speak of a business that works alone I am not saying that you do not have to do anything, but that you have a strategy to follow that works. It is only a matter of applying it systematically.
The 6 elements…
1. Vision
Without the figure of the entrepreneur there is nothing to do, he is the essential figure who glimpses and launches himself into an opportunity. It is something that mixes intuition, knowledge and a winning attitude.
2. Analysis
Apart from the most personal (attitude, vision, etc.), analysis is also necessary, a fully functional analysis based on numbers and trends. Demand analysis is essential, a profitable business will only be supported by the need and demand that exists or is created.
3. Mission
This is the foundation of the business, a profitable business that has a mission and purpose based on the needs of its audience. The mission is always linked to the service or solution that is given to the client.
4. Investment
The investment not only represents the money required to start a business, but it is also the maximum expression of the entrepreneur's attitude: he is not afraid of failure or loss because his clarity of vision in the opportunity prevents him from focusing on the negative aspects, knowing also that these are only part of the learning and risk that comes with owning your destiny.
5. System
As a system we understand the entire business strategy operated for the same purpose. Here enter the unique sales proposal, marketing techniques, tools, delegations, promotions, etc, etc…
6. Internet
It is not an essential element, but I would say that today you cannot get the most out of a business if it does not go through the internet. The possibilities of the network are so great that they can be a profitable business on their own. Internet marketing opens up new possibilities that we should not neglect.
