What is a successful business? 20+ answers

Some companies succeed, some don't. But there is no single answer to this question

  1. A business is successful if it increases its sales and profits and stays in business.
  2. A business is successful if it provides measurable benefits to its stakeholders.
  3. A business is successful if its employees are satisfied and customer and employee satisfaction are correlated with revenue growth.
  4. A business is successful if it hires and retains talented employees.
  5. A business is successful if its marketing is cost-effective.
  6. A business is successful if it's able to adapt to change.
  7. A business is successful if it reinvests its profits.
  8. A business is successful if it has a positive cash flow.
  9. A business is successful if it can pay dividends to its owners.
  10. A business is successful if it uses financial accounting methods.
  11. A business is successful if it uses best employee management software and complies with laws and accounting methods.
  12. A business is successful if it has a board of directors.
  13. A business is successful if it has an advisory board.
  14. A business is successful if it has partners.
  15. A business is successful if it uses customer and employee surveys.
  16. A business is successful if it uses business metrics.
  17. A business is successful if it uses Six Sigma.
  18. A business is successful if it makes payroll on time.
  19. A business is successful if it uses KPIs.
  20. A business is successful if it uses quality management tools e.g. online project management software.
  21. A business is successful if it uses lean manufacturing.
  22. A business is successful if it uses agile project management.
  23. A business is successful if it uses lean manufacturing.
  24. A business is successful if it uses lean principles.
  25. A business is successful if it uses kanban.
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