Biz Tips

The 8 Core Areas of Small Business Success


Biznostics has identified 8 core areas of small business success that form the foundation of a successful business.  These come from extensive global studies into the key causes of small business failure. This is not necessarily a positive thing, though in order to have success, you need to know what causes failure, and this is a real thing because every 60 seconds somewhere in the world 83 small businesses fail – and it does not have to be this way.

The 8 core areas are:


Managing and having access to the right amount of cash to run your business


Having the right people with the right mix of skills and attitude to help you


Creating the right amount and type of sales that your business needs on an ongoing basis


Using your time wisely to do the important things in your business that actually count


Making sure that the way you do business is as efficient as possible


Ensuring your business is generating enough of the right type of enquiries


Getting your customers coming back and referring their friends


Making the right level of profits to grow and sustain your business and family

When you get these 8 areas right in your business, then you are well on your way to the business success you imagined when you started your business … and when your business is thriving, then your home life is thriving and this has a positive impact on your community.


Check out our latest business tips to help you run and build your small business:

  • The Importance of Business Routines

      Are you too involved in your own day-to-day operations ?   Do you ever find yourself neglecting the necessary things that require your attention to keep your business on the right track? To stay on top of things and to run your business successfully, it is crucial to take…

    Read more
  • The Importance of Having a Vision for Your Small Business

    Do you have a vision for your business? Some business owners either lose sight of their vision, or that it becomes clearer and stronger for them over time. So where are you taking your business? When we are so busy doing the ‘do’ in the business, we don’t often take…

    Read more
  • The True Purpose of a Small Business

        Do you remember why you started your business in the first place? Wasn’t it to get more time back?  Wasn’t it to make more money?  Wasn’t it so you could spend more time with your family ? So how is it working out for for you?  Are you…

    Read more
  • How to Increase Profit in Your Business

      Would you like to make more profit in your business? Often, when you are thinking about improving profit, you think of generating more sales and income. Have you considered the other side of the equation – your expenses? The best part about this is if you can save some…

    Read more
  • How to Manage Your Workload Effectively by Engaging Help

      Do you have more work on your plate at the moment than you can handle? Do you take work home with you sometimes, or come back to the office on weekends to complete your remaining tasks? Are you starting to see that the amount of time you spend in…

    Read more