Elements Of A Successful Business

Do you ever wonder what elements constitute a successful business? One might say financial acumen, others may say a great sense of management and someone else may say deep knowledge of the domain is the key. Someone may even suggest that having contacts and networks plays a major role.?

Before we tell you the answer, meet our baker dad-daughter duo. Ms. Khushboo comes from a fashion background and Mr. Arun is well versed in the world of electronics. Not connected with the world of business or baking, they joined hands and started this soulful venture named Mr. Moustache's cakes with the sole aim of providing healthy baked goods.?

Their success story is filled with zeal and determination, baked at high degrees of patience, topped with calculated risks and served hot on a plate of strong intuitive decision making.?

No, it isn't a piece of cake (that reminds us, you can also check out the list of cake options on our menu).?

Hit and trial comes into play every once in a while. There is no standardised outcome to such decisions. Some things work out while others don't. Some decisions receive love from the customers, while some garner harsh backlash. But all this feedback, good or bad, is taken into consideration. The feedback is what guides us to deliver a more refined product for our customers.?

Risk taking is popularly associated with?entrepreneurial spirit. The art of taking intelligent risks is the essence of entrepreneurship.?Innovation, creativity and learning stem out of it. For our duo, calculated risks have been a part and parcel of the whole deal.?

Mistakes can never be eliminated. Constant conscious efforts can be made in the direction of minimising mistakes. But, there will always be scope for improvement.?

This brings us back to the question we had started with, "what constitutes a successful business?". We say, it is the intent. It is the never-ending wish of being the best at what we do. It is the urge to serve the path that we embarked upon.