How to stay established in business

Starting a new business and taking business to the pinnacle is hard but more tough is to remain at pinnacle. Once you have started a business and it is running very successfully to stay at your position you need to take care of various factors. One is to generate more sources of income. One need to diversify his sources of income. One business can fail and may be unable to generate income if their are many sources of income if one fails may other can fill that loss. Entrepreneur need to concentrate on target market to whom they are targeting and how he can expand his business and how he can sell his service or product in new market. Need to diversify themselves from other businesses and need to concentrate on their best and try to overcome their limitations. Company need to rate their product or service and need to concentrate how they can earn more. for example Apple inc. Apple has variety of products and targeting established and new markets and always trying something new in their product to remain competitive

Reference http://www.wikihow.com/Gain-a-Competitive-Advantage-in-Business

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