· Planning
Always a key factor in starting and analyzing the business opportunities for oneself. It is always good to plan in quarters, half annually, or annually. Besides this long term planning is also an important factor to keep in mind while aiming at enduring business aims.
· Persistence
When decided for one field for the business, being persistent is second most important thing to act. For this one must bear in mind the story of hare and tortoise for the business, it is the mostly the continuance in the business that can yield higher results than just plan and resources.
· Patience
Business, particularly the outcome of the business is the second name of being patience. Often the results don’t come as one expected at the start of the business, but being relentless and waiting for outcome after putting 100% efforts give results. So, to be patience for an entrepreneur is also a key factor in determining the success for the business.
· Quotas
This is just to set as a target, that a company aim for this much of sales and services for one particular fiscal year ahead or in two or three quarters. It is sort of a part of planning for the entrepreneur.
· Quality
No one can question about the quality of the product or service in the business. It is the key for customer satisfaction and as almost every business person belief that customer is the king in the business. So, customer satisfaction and the customer retaining can be only done by maintaining the quality.
· Quiet time
Always a key factor in starting and analyzing the business opportunities for oneself. It is always good to plan in quarters, half annually, or annually. Besides this long term planning is also an important factor to keep in mind while aiming at enduring business aims.
· Persistence
When decided for one field for the business, being persistent is second most important thing to act. For this one must bear in mind the story of hare and tortoise for the business, it is the mostly the continuance in the business that can yield higher results than just plan and resources.
· Patience
Business, particularly the outcome of the business is the second name of being patience. Often the results don’t come as one expected at the start of the business, but being relentless and waiting for outcome after putting 100% efforts give results. So, to be patience for an entrepreneur is also a key factor in determining the success for the business.
· Quotas
This is just to set as a target, that a company aim for this much of sales and services for one particular fiscal year ahead or in two or three quarters. It is sort of a part of planning for the entrepreneur.
· Quality
No one can question about the quality of the product or service in the business. It is the key for customer satisfaction and as almost every business person belief that customer is the king in the business. So, customer satisfaction and the customer retaining can be only done by maintaining the quality.
· Quiet time
Every business has a pitfall at one stage and that is the period of examination for the entrepreneur. Being patience in this time and then reassessing and reexamining all the business tactics and looking the business critically can help in avoiding the quiet time in future, or can help in shortening the quiet time in future.
In real if an entrepreneur know how to deal with these three Ps and Qs during the business making stratgies he/she can have better results than competitors.
References:
- Accidental Entrepreneur (2008)Susan – Brown
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