The Success Rate Of Your Business - 1414 Words

In a world full of business there are many opportunities, some that could bring you lots of success. The success rate of your business depends on the profits or losses of your business. Every business wants to satisfy their customers and gain profit but sometimes that s not always what the turnout is. The satisfaction of your customers is dependent on the products or services they have obtained. However there are nonprofit organizations that are not seeking profit, an example would be an animal rescue shelter. When it comes to a profitable business, for example a salon, the difference between the costs and the prices the clients pay is extremely important. A salon is a business with goals. A salon would be business that s looking for†¦show more content†¦Businesses are based on the people and the activities going on inside the business. Inside any successful business there are owners, employees and customers. Then there are the activities that occur inside which would be man agement, marketing and finance. Think of a business as a bunch of classes where there are different groups and roles for each. The employees and management are actually in the same class because the management is coordinating with the employees to achieve the satisfaction of the customers. For example the managers of a salon would be there coordinating with their stylists to make sure that they are performing the services on their clients with good quality and that they are being efficiently. Then another class group would contain marketing and consumers. They would be in the same class because the focus of all marketing activities is to satisfy the customers. For example the marketers of a salon would be collecting information about the services they provide. They also would figure out changes that should be made to the salon to make sure the customers are satisfied. Another part of marketing is advertising which for a salon could be deals on services and creating an email group to notify the clients. Marketing can be a great thing when it comes to expanding your business. The third and last class would be owners and finance. This is because it s the owner s responsibility to provide financial resources for the business. For example