5 Tips for Being a Business Success

Group of colleagues celebrating success

What does it take to be a successful businessperson? If you dream of thriving in the business world, you may ask yourself this question often. The tips below can help you realize your ambition.

Define Success

Perhaps the most important step is to decide what success means to you. Is it running your own business? Is it an office in the executive suite? Do you want to run one of the top global companies, or do you want to be the president of the local bank in your hometown? It’s important to not let others’ ideas of success guide you here. Be true to yourself.

Get Your Degree

You may need a bachelor’s degree even for some entry-level jobs, and in most cases, you will need one at minimum in order to climb the corporate ladder. Eventually, you may want to get an MBA or another graduate degree as well, but these are usually better obtained after some years in the workforce. For now, focus on getting your undergraduate degree if you don’t already have one. You can apply for a private student loan to supplement federal aid, grants, and scholarships to pay for your tuition and other expenses.

Create Value

Whether you are an entrepreneur or you work for a company, think in terms of creating value. If you run your own business, that means creating a product or a service that your customers will want because it adds value to their life. If you are an employee, it means creating value within the workplace. You can do that in many different ways. It is not just about what you produce. You might be good at keeping morale up in your department or at training new employees.

Be Goal Oriented

Setting goals and then working toward them will help you achieve your specific aims. You need to think in terms of breaking down your big goals into smaller ones. If you eventually want to be the head of a major global corporation, think about the steps you will need to take to work your way up the ladder to that position, and frame those steps in the form of short and medium-term goals along the way. A best practice is to write down goals that are concrete and have a specific time frame. This can help you gauge your progress and make adjustments if you need to.


Whatever sector you work in, networking is key to your success. You can arrange a networking event even while still being a student. When you are good at it, you will find that there are very few places where you can’t network and that it goes well beyond something that you do at work or at professional gatherings. Contrary to the way some people interpret networking, it is not about trying to sell something or yourself to others or about making shallow connections. Instead, it is about building relationships over the long term, and you can return to these relationships again and again throughout your life.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.