Aaron’s answers: 4 indicators that a business will be successful

The Question:

aaronhoos_socialmedia_linkedinJohn Cameron asked: What are the leading indicators of business success?

When you see a business and think that it has a great future, what are you seeing?

I’d like the answers to focus on either entrepreneurs or businss owners.
I realize that they never really separate,but entrepreneurs bring business ideas to life and business owners build & maintain organizations that profitably deliver value to customers. Another way of looking at it is: what causes a business’ success?

Thanks in advance for your time.

John Cameron
ROCK SOLID Business Coach

Aaron’s Answer:
In my experience, there are 4 elements that can make a business successful, but they appear at different times in different circumstances. (i.e., the entrepreneur might introduce a few of them and the business owner might introduce others).

1. Cash flow: Money needs to be coming in.
2. Profitability: Some of that money needs to stay in the business.
3. Investment: The business needs to invest in itself (i.e., innovation, better service, better processes)
4. Systems: The business needs to systematize or automate as much as possible.

Aaron Hoos

Aaron Hoos — Writer, Strategist, Investor

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