how 2 run a business successfully?

Answer 1

- The best products & customer service.
- The lowestable costs.
- Large network with loyal customers follow.
- Good strategy on ads and promotion.

All things above => to establish a stable selling channel, that's the key.

Answer 2

The question is too vague for people to give a good answer. There's a lot of businesses out there.
It should be more defined to something specific then people can give out clearer answers.

Answer 3

Financial management addresses the issues of obtaining and managing the funds and resources necessary to run a business successfully. Managing short-term assets and liabilities involves managing the current assets and current liabilities on the balance sheet and is sometimes called working capital management. The chief goal of financial managers who focus on current assets and liabilities is to maximize the return to the business on cash, temporary investments of idle cash, accounts receivable, and inventory.

Astute managers try to keep just enough cash on hand (transaction balances) to pay bills as they become due. Some companies use a lockbox to accelerate the collection of payments from customers, while also encouraging the use of debit and credit cards for making payments. Organizations often invest idle cash in marketable securities, Government of Canada Treasury bills (T-bills), commercial paper, or in international markets such as the Eurodollar market.

Managing current liabilities involves using potential sources of short-term funds should a temporary cash shortfall occur. The most widely used source of short-term financing is trade credit. Virtually all organizations obtain short-term financing from banks through a line of credit, secured loans, or unsecured loans. The prime rate is the interest rate commercial banks charge their best customers for short-term loans. In some cases, a business may sell its accounts receivable to a finance company (a factor), which gives the selling organization cash and assumes responsibility for collecting the accounts.

Managing the long-term (fixed) assets, liabilities, and owner's equity portion of the balance sheet is important for the long-term health of a business. One of the most important jobs performed by a financial manager is capital budgeting.

Financing with long-term liabilities includes long-term bank loans and bonds. There are many different types of bonds such as unsecured bonds, secured bonds, serial bonds, floating-rate bonds, and junk bonds. Another means of long-term financing is through equity. Sole proprietors and partners own all or part of their businesses outright, and their equity includes the money and assets they brought into their companies. Corporate owners own stock or shares of their companies, and stockholders' equity includes common stock, preferred stock, and retained earnings. The payout ratio expresses the percentage of earnings the company paid out in dividends.

Another means of obtaining financing is by issuing stock in the company. Investment banking helps companies raise funds by matching people and institutions with money to invest with corporations in need of resources. New issues of stocks and bonds are sold directly to the public and institutions in the primary market, which differs from secondary markets.

Securities markets provide a mechanism for buying and selling securities (stocks and bonds) for individuals, corporations and governments. Organized exchanges are central locations where investors buy and sell securities, such as the Toronto Stock Exchange (TSE), or the New York Stock Exchange (NYSE). Unlike organized exchanges, the over-the-counter (OTC) market has no central location.

Answer 4

great customer service.. low over head(costs).. loyal customer following