A successful Business Needs a strong vision. Write a business plan. Be passionate about your business. Keep Detailed Records. All successful business keep detailed records. Analyze Your Competition, Competition breeds the best results. Understand the Risks and Rewards. Recognize your strengths and weakness. Start with a simple business plan and grow it as needed. Focus on something you have a passion for. Understand your target customers and existing market. Don't Be afraid to ask for help.