If you search for “why businesses fail” you will get millions of results talking about the pitfalls and untold reasons why businesses go out of business. Instead of the focusing on what went wrong, focus on planning and building for success. Outcomes that are focused on are typically the outcomes that are generated. If you want to build a successful business you need to focus on success.  We can learn a great deal from businesses that fail and apply that knowledge to actions step that propel a business toward success and away from failure. Here are some important elements of a successful business to consider.

For years, I have tried to answer this one question: What do businesses that achieve sustained growth do differently from those that stagnate or fail?

As an executive coach, I speak to a variety of different types of business owners each year. I’ve learned that there are no silver bullets or 17-point checklists that will lead to guaranteed growth. There are, however, seven specific areas in which growth companies concentrate their efforts.