The Formula of Success

There are 3 types of work to be done in
every business. “The Thinking, the Managing, and the
Doing”. If you fail in any of these, you will fail the
business to survive or to expand.

Thinking:

This type of work is when you write a
business plan, strategize to expand your business, or work
on new marketing ideas or competition plans for a new
market.

Requirements to do this type of work
are as follows:

Logical thinking

Analytical thinking

Research ability

Market study

Finance management and budgeting

Vision

Planning and execution skills

Managing:

You get into managing when you have
someone else working under your supervision. The more
employees you have, the more complex this type of work will
get.

Qualities needed to do this type of
work are as follows:

Critical Thinking

Strong communication skills

Motivational skills

Co-ordination and multi tasking
abilities

Organizational skills

Doing:

This type of work requires you to be in
the front line. You are the face of the operation. You are
the one who gets the job done everyday. Operations without
you will fail.

Qualities needed to do this type of
work are as follows:

Positive thinking

Reliability

Repetitive work

Team work ability

Focus on given tasks

The point that I am trying to make is
that every business should have enough resources to cover
all 3 positions at all times. When a business fails to
cover for any of the above positions, they will reduce their
chance to survive or expand in their industry. For those of
you who are interested in improving your business, I have
created this formula based on my own experience. I hope it
can help you to take your business to the next level. Look
at the formula of success and see if you are currently doing
the same!

The Formula of success: