5 Vital Business Component

These five components are essential to the success of any entrepreneurial business.

1. Clarity of Vision

Know what you want to achieve and the difference it will make in the world.

2. One-Page Plan

Be able to describe your business model and strategic development on one page.

3. Resources

Know what you have to work with and what you need to put in place: all capital and assets including money, people, equipment and talents.

4. Positive Environment

What surrounds you is what influences you (and therefore, your results), including: physical space, relationships, ideas, mementos and messages.

5. Skills

You must either have specific business, marketing and sales skills or enough knowledge and ability to outsource them to grow your business.