This document discusses key factors that affect the long term success of a company. It identifies important factors such as having ambition, hiring professionals like lawyers and accountants, developing a clear business plan, maintaining good record keeping systems, providing excellent customer service, involving employees in decision making, and realizing that the company functions best as a cooperative team rather than just a group of individuals. The document emphasizes the importance of planning, professional support, employee participation, and teamwork for a company to thrive over time.

1. PRESENTED BY
DEEPAK JOSEPH
COMMERCE OPTIONAL
GCTE,THYCAUD,TRIVANDRUM(2013-2014)

2. PRESENTED BY
DEEPAK JOSEPH

3. INTRODUCTION
 A company always wants to exist in the market for a
longer period of time.
 For that they must foresee where should they have to
reach and should make a clear cut idea about how to
reach.
 The factors that affect a company are :
 Ambition
 Hire professionals
 Business plan

4.  Good record keeping system
 Customer service
 Decision making
 Team work
 Employees

5. AMBITION
 The leadership team of every good company has a
great ambition for the company
 The ambition is not one of personal greed; it’s about
building a company that delivers on its promise and
does it with a unique quality.

6. HIRE PROFESSIONALS
 The most important professionals you'll need at the
beginning are a lawyer and an accountant
 The lawyer can help you to decide if you want to be a
corporation, partnership, sole proprietorship, or some
other type of company. He can also help you register
your business and get any licenses and permits you will
need, and can advise you about patenting your idea or
protecting your intellectual property.
 A good accountant can help you make your company’s
account properly.

7. BUSINESS PLAN
 There should have a good business plan for every
organization.
 The plan should be one that sketches out how you
will proceed toward your goal and an estimate of how
much money you'll need to get there.
 The plan should also include:
What will your equipment costs be?
Will you be hiring employees?
How about renting office space?

8. SET UP A GOOD RECORD-KEEPING SYSTEM
 A good accountant can advise you on the best record-keeping
software for your business
 He can help you set up a system for keeping track of
payables, receivables, sales tax, payroll, employee
benefit plans etc.

9. EMPLOYEES
 Employees are the great asset of the company.
 Good employees definitely contribute to a successful
business.
 Hiring good employees is important in any business.
 Business owners must treat their employees as human
beings and not as robots.
 They must take into consideration their ideas and
suggestions and treat them with respect.
 Your firm’s success at hiring and retaining good employees
mainly depends on the environment available for spurring
growth.

10. CUSTOMER SERVICE
 Good customer service is an integral part of any
successful business.
 Whether your customers are ordinary consumers or
mega-corporations, treating them with respect and care
is one of the best ways to strengthen your company’s
reputation and boost your bottom line.

11. Knowing That Good Decisions Can Come
from Anywhere
 As some companies get bigger, they tend to limit
employee freedom
 The employee participation in decision making is very
less and their impact on the business is drowned out
 Employees go to work, do what they’re told, and just
help someone else achieve their dream
 But in a good company employees should have the
freedom to participate in decision making. They must
know that good decision can come from anywhere

12. Realizing You’re a Team and Not a Bunch of
Individuals
 Organization is considered as a team
 The difference between being a team and just a bunch of
individuals is that the individuals see themselves as
separate from each other. Helping others is forced because
you normally operate on your own projects, or your own
part in a larger project.
 Team work together on all work related projects and help is
very necessary for the achievement of individual and
organizational goals

13. THANK YOU