GROUP NAME : EMERGING STARS

Member name Roll No.1. Raisa Islam Khan 2692. Bipasha Hossain 2803. Jakia Sultana 2814. Sheikh Nafis Imtiaz 2985. Md. Lutfun Arefin 306

Welcome to our Presentation

Department of BBADHAKA COMMERCE COLLEGE

PREREQUISITES OF A SUCCESSFUL

BUSINESS

DEFINING SUCCESSFUL BUSINESS

SUCCESSFUL BUSINESS

A successful business is one that a businessman must render a worthwhile service or make a quality product that can be sold at a profit consistently and continuously .

FEATURES Prerequisites of successful business

COMPANY OBJECTIVES

To Increase ProfitTo Increase RevenueTo make Customer happy To Support the CommunityTo build amazing product

PLANNING

To develop a strategyTo achieve desired objectivesTo solve external problemsTo increase the productivity To improve the organizational structure

DEVELOPMENT OF RELATION

To maximize employees performanceTo understand the emotions and needs of othersTo keep a working environmentTo achieve the goal

MARKET RESEARCH

To test consumer’s acceptance of product To improve aspects of businessTo serve information from consumer to producer To know the popularity of brand To develop competitive strategies

DISTRIBUTION CHANNEL

To make product available To reach the product at the actual consumerTo supply product with minimum cost To take control over the channel To achieve the loyalty of consumer

ADEQUATE FINANCE

To consists the capital of business To buy the permanent assets of businessTo reduce the risk of bad debt To ensure the right use of fundTo attain the success

RISK MANAGEMENT

To produce variety of product To reduce and control expenses To consists a business co-operative To decentralize the market To recruit a market analyst

ATTRACTIVE LOCATION

To find a convenient place To connect with consumer To get the advantage of transport To collect product materials in short time

EFFECTIVE MANAGEMENT

To observe the business carefully To capable of managing any hard situation To motivate the indolent and insolent worker To co-ordinate among all department of business & lead to success

In the conclusion of the essentials we can say that all of those prerequisites are important for the successful business organization.

If we follow them we can get along with others will go a long way to make a business successful.

Any Questions ?