In the present really tough economic conditions, most of the business enterprises are actually struggling to survive. So, in order to help all those business owners who are running their companies in the present market conditions, here are 10 aspects that heavily influence the success or failure of a business enterprise.

1. Empowering Leadership: The first and the most important factor that plays a major role in the success, or failure of a business is empowering leadership. In general, this kind of business management approach has also been referred to as Transformational leadership, which helps in inspiring the firm’s employees to accomplish something greater than what they could achieve themselves. 
2. Well-Defined Vision: If a business organization needs to attain considerable success in its ventures, then it should have a well-defined vision in the first place, and a lack of the same could obviously lead to business failure. A business vision is generally a written understanding of exactly what a firm wishes to achieve, and how they wish to accomplish it. It greatly helps all members of the company to unite, and focus their energy in one premeditated direction.
3. Appropriate Knowledge of the Present Market: Another major factor that influences the success or failure of a business is acquiring appropriate knowledge of the present business markets. If the company needsto taste success, it has to do all the homework that is required to obtain a deep insight of the major factors that are vital for success. With the growing WWW reach, there is absolutely no reason for a prospective business entrepreneur to be short of appropriate knowledge of whatsoever trade they wish to pursue.
4. Detailed Business Plan: This is another decisive factor in the success or failure of businesses. Understanding the business, and drawing out a well-defined vision is just the start of a profitable enterprise. The immediate next step in the venture is to script a detailed business plan to make things happen for you by clearly comprehending what you possess, and what you need to achieve.
5. Evaluation of both Direct, and Indirect Opposition: Before you start to implement your business plans, you need to assess, and recognize both direct and indirect competition that you may have to confront in realizing your project. By doing that you could frame more effective strategies to surpass your competitors, and come out victorious.
6. Accessibility of Financing: This is yet another vital factor that has a great impact on the success, or failure of a business. In general, all business owners should make sure that they have some, or the other kind of available financing always.
7. Reliable Customer Relations Management: Maintaining a trustworthy customer relations management is extremely important for the success of a business, without which success would become a nightmare.
8. Ensuring Well-organized Supply Chain: The Company should always give proper importance to inventory management; failure to do so could obviously lead to business collapse.
9. Proper Timing: When a business enterprise plans to a launch a new product, it should make sure that there is considerable demand for that product at that particular instant before launching. Doing things when they have to be done is something very vital for business success.
10. Government Regulatory Measures: The business owners should clearly comprehend the general rules, and regulations that are set by the local government with regard to your business interest, and if they overlook this particular factor, they may have to face failure at some stage.

These are some of the most important factors that play a major role in determining the success, or failure of a business enterprise; so make sure all these factors are kept in mind while managing a business.

Criss Derek is a proud owner of two mid-size IT companies operating in Asian and American markets. He strongly believes that customer relationship management always makes or breaks the game for all forms of businesses.