Essential Components of a Successful Business

What makes a company successful? How do you start a business from the ground up and grow it into a successful, sustainable business? What are the key components that you should implement in your business to ensure its future success?

In last week’s episode of Your Money, Your Business, Your Life, we discussed why 8 out of every 10 businesses fail within the first 18 months of launching into their industry. Today on the show, I want to share with you some of the essential components that make up a highly successful, sustainable, growing business so that you, too, can build your company to avoid becoming a statistic.


“You are the leader. You are the one that basically steers the ship.”


This week on the Your Money, Your Business, Your Life Podcast:

  • Identifying your mission
  • Hiring the right people on your team
  • Determining your personal leadership style
  • The balancing act between being a team motivator and being the “pit boss”
  • The importance of hiring an attorney for your organization
  • Managing your cashflow and collaborating with others
  • Having consistent, clear, concise communication with your team, your investors, and the outside world
  • Having business systems that help you create the value of your company



Learn More on the Essential Components of a Successful Business

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