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The game of business can be a rewarding and exciting experience for those who choose to participate.
People who engage in business are driven by different incentives, including wealth, recognition, achievement, social purposes, and many others. Recognizing these incentives is essential for success.
Great businesses have competitive advantages over their competitors. They either have unique products or services, superior marketing strategies, or good handles on how to run the business itself.
When problems exist, they are addressed early to avoid costly mistakes and missed opportunities.
Business owners must know their industry, stay up-to-date on technologies, and continue to give customers the best products and services they can.