Business Plan-Key Success Factors

Business Plan-Key Success Factors: Every firm has plenty of success factors built into their business that can help them succeed.

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Here you want to zero in on just a few that can really make a difference. Especially for start-ups, you might want to focus on your key people here.

You might have a great new product concept or positioning idea, but it hasn’t been tested in the market yet. On the other hand, if you’ve got experienced people, they have been tested. And they have something tangible to show for it–a track record.

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An established business should carefully try to identify the key success factors that have helped them succeed in the past. What have been your most successful products or services. Why have they succeeded? Are there factors that contributed to the success of these items that could lead to the success of future ones?