1. Hard work, passion and dedication. Business owners must be committed to success and are willing to take the time and effort to realize the business.
2. Market demands have not been widely available. For example, if in one place only 1 bakery, then another bakery will likely succeed, than when in the existing 20 bakery. Here, employers are required to be smart in the market.
3. Managerial competence. Successful small business owners usually have enough knowledge about what they should do. They can be obtained through training2 competence, experience or utilize the expertise of others.
4. Luck. However luck still plays determine the success of a business.
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