The Five Elements of Business Success
There are five core elements (or pillars) of business success.
Each of these elements cover one of the five fundamental business startup and growth factors. Get these five factors right — growth happens consistently, and sustainably.
Below we explore these 5 core elements of business startup and growth in more detail so you can gain valuable insights and start paving your own path towards a sustainable future.
Sustainability is the most positive outcome for every business.
The Five Elements of Business Growth and Entrepreneurial Success
01
Entrepreneurship
What does it mean to be an “Entrepreneur“? Our curated business newsletter dives deep into the world of Entrepreneurship; discussing the knowledge, creativity, skills, mindset, and building blocks required to become a successful business owner in the rapidly evolving digital age. Industrial Observer is the digital “rag” for Entrepreneurs, by Entrepreneurs.
Our weekly business and tech news brief covers the following categories:
A) Entrepreneurship
B) Startup
C) Innovation
D) Growth
E) Sustainability
Knowing the latest business trends is the current trend. Are you riding the business tech innovation wave?
02
Business Startup
What is a “Startup“? More importantly, what are the foundational elements necessary to start a new business? At its foundation, the Industrial Observer newsletter is a business startup. We sprouted from a collaboration between two creative Entrepreneurs equally passionate about helping fellow Entrepreneurs and startups pave a path towards success. Helping other business owners succeed is our purpose.
Here are the 5 must-haves before you spend a dime on any startup venture:
1) Is there a Marketplace?
2) Is it Profitable? (Product or Service)
3) Is your sales process Repeatable?
4) Is it Scalable?
5) Is it Sustainable?
03
Innovation
Innovation starts with one thing: Creativity. Our carefully-researched, and curated business and tech newsletter is all about sharing real-world insights and news related to truly creative and innovative startups. Our news briefs cover new startups and industry-leading companies that have grown to become the world-class enterprises currently at the forefront of technological innovations shaping the world around us.
04
Business Growth
Growth equals success; in that order. What is more important than the growth of your business? Nothing. Without growth there is no success. Growing your business in the digital age is a complex and multi-faceted mix of many different marketing strategies and data-driven marketing plans.
For example: digital marketing plan, sales funnels, email marketing, sms marketing, analytics, conversion rate optimization (CRO), search engine optimization (SEO), return on ad spend (ROAS), and a lot more! Our business newsletter covers all the facets of growth in the digital age.
05
Sustainability
Sustainability has two elements: 1) in business refers to the effect that companies have on the environment or society. 2) the ability of the business to function and generate cash-flow when the owner or management team is unavailable a certain period of time. In other words, how long can the controlling entity of the business be absent until the business turns into a 3-ring circus and starts to lose money?
Sustainability also refers to the responsibility that the business has to its operating environment. There are more than just profits to consider when it comes to sustainability. A business that adheres to both profit-generating and environmentally-friendly practices is the true definition of sustainability.
A ‘sustainable business strategy‘ aims to positively impact one or more of the following areas: ecological, social, or economic environment. Having a sustainable business strategy helps to address some of the world’s most pressing environmental and societal problems.
Industrial Observer covers the latest news and trends related to how businesses can utilize technology and sustainable business practices in order to spark innovation, drive long-term value and put sustainability into action.
Get actionable business startup and growth insights, mentorship, consulting, and expert guidance from our Founder, Jim Cendoma.
Jim offers a rare and invaluable set of strategic business-planning and ROI-boosting skills.
He’s also a great keynote speaker!
Specializing in the formation of strategic alliances to advance business through innovation, Jim has hosted the talk radio program “Risky Business” and has advised companies ranging from small start-ups to Fortune 500.
- 40+ years of entrepreneurial skin in the game! Most of which are direct industrial manufacturing experience w/ his flagship company, Sterling Innovations Group, Inc.
- Innovator, author, mentor, keynote speaker, strategic planner, “serial entrepreneur”, startup encyclopedia, ROI-builder, and all-around-good-guy.
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