t. Goals give your business direction and focus; goals can be set for a short term, medium term or on long term bases. They should be specific and time based e.g. a plan to make a profit of $5000 in September 2007, it must be a plan you can achieve, and can also be measured at any point in time. Every great corporation we see today started as a business idea. It must have started as a small business and developed into a large-scale business over time and effort. Having this in mind, success of these small businesses should be taken very seriously in order to have a virile and sustainable economic growth in any nation like ours.For example in Africa, Nigeria has about 35% return on investment, which is the highest in the world today, with this, there is room for small businesses to thrive and survive beyond 5 years of establishment. The government has also seen the importance of small business success that they came up with the idea that banks and financial institutions should set aside a certain percentage of their profit after tax (about 10%)to serve as loans and grants to entrepreneurs even without collateral or interests.i also know that this obtains in other economies of the world where small scale business owners are given every support needed to thrive.

7 secrets entrepreneurs need to know and do to have a successful small business are:

Set goals and be focused

Setting of goals is very important because it is the foundation upon which the business is built. Goals give your business direction and focus; goals can be set for a short term, medium term or on long term bases. They should be specific and time based e.g. a plan to make a profit of $5000 in September 2007, it must be a plan you can achieve, and can also be measured at any point in time.

onomic growth in any nation like ours.For example in Africa, Nigeria has about 35% return on investment, which is the highest in the world today, with this, there is room for small businesses to thrive and survive beyond 5 years of establishment. The government has also seen the importance of small business success that they came up with the idea that banks and financial institutions should set aside a certain percentage of their profit after tax (about 10%)to serve as loans and grants to entrepreneurs even without collateral or interests.i also know that this obtains in other economies of the world where small scale business owners are given every support needed to thrive.

7 secrets entrepreneurs need to know and do to have a successful small business are:

Set goals and be focused

Setting of goals is very important because it is the foundation upon which the business is built. Goals give your business direction and focus; goals can be set for a short term, medium term or on long term bases. They should be specific and time based e.g. a plan to make a profit of $5000 in September 2007, it must be a plan you can achieve, and can also be measured at any point in time.

siness success that they came up with the idea that banks and financial institutions should set aside a certain percentage of their profit after tax (about 10%)to serve as loans and grants to entrepreneurs even without collateral or interests.i also know that this obtains in other economies of the world where small scale business owners are given every support needed to thrive.

7 secrets entrepreneurs need to know and do to have a successful small business are:

Set goals and be focused

Setting of goals is very important because it is the foundation upon which the business is built. Goals give your business direction and focus; goals can be set for a short term, medium term or on long term bases. They should be specific and time based e.g. a plan to make a profit of $5000 in September 2007, it must be a plan you can achieve, and can also be measured at any point in time.

ld where small scale business owners are given every support needed to thrive.

7 secrets entrepreneurs need to know and do to have a successful small business are:

Set goals and be focused

Setting of goals is very important because it is the foundation upon which the business is built. Goals give your business direction and focus; goals can be set for a short term, medium term or on long term bases. They should be specific and time based e.g. a plan to make a profit of $5000 in September 2007, it must be a plan you can achieve, and can also be measured at any point in time.

t. Goals give your business direction and focus; goals can be set for a short term, medium term or on long term bases. They should be specific and time based e.g. a plan to make a profit of $5000 in September 2007, it must be a plan you can achieve, and can also be measured at any point in time. Goals must be written out clearly as a business plan and followed accordingly.

Be an effective leader

A good and effective leadership is needed to run the business even when the business has one or two employees. The leader should see opportunities, organize and coordinate how to achieve the set goals. He should also:
? Communicate effectively with his employees
? Provide best tools to achieve set tasks
? Provide motivation in one-way or the other
? Create an environment where employees grow and develop themselves

Manage your time effectively

Good time management makes the difference between success and failure in business. Management of time is making significant decisions and carrying out important tasks that will boost the business, time should be set aside for planning and delegation of tasks to achieve success with a specific time

Manage the growth of your business

It is the wish of every small business to grow, it has also been established that poor management of growth is the number one cause of failure of small business, most small business do not have adequate plans for growth and expansion before han