How can one business continually grow and prosper, while the other struggles? How can one business owner run a highly successful business while still spending a good portion of his or her time away from the business on trips and vacations with the family, and another owner work day and night only to see his business fail?

In my quest to answer them, I sought input from successful business owners. I became a student of business. I read every business book I could get my hands on.

"5 Habits of Highly Successful Small Business Owners."

Habit #1: Have a clear vision of their business, and commit their vision to paper

"A man to carry on a successful business must have imagination.

Setting direction and guiding the business toward reaching your vision will make it successful. Vision is the owner's business philosophy.

Successful entrepreneurs commit their vision to paper. In all my years in business, I have found that not doing so is the single most fatal error a business owner can make.

Documented systems can make a difference to your own time, as a business owner. With properly documented systems of management and organization, a key employee (even you!) could leave suddenly, and the business would not suffer.

If you set up the right systems from the start, they help run the business.

Most small business owners don't realize that having an occupation or skill does not necessarily equate to building a successful business around it. It takes different skills to build a business. The sooner you, the business owner, develop entrepreneurial skills, the sooner you will turn your expertise into business success!

The business owner has to have the mindset to view his business as a product - not the product or service he is producing, but his whole business as the product. This mindset can be applied to any type of business. If you as the business owner are focused on making it the best, most rewarding, most fulfilling, most enjoyable experience for the customer or client, you will dominate everyone else in your business sector.

Habit #5: Work on their business, not just in it

The successful small business owner understands the real value and reward that is derived from working on the business rather then just working in the business. She understands that working on the business means viewing her business as a whole.

Working on, instead of "in" the business is strategic work.

What is the "experience" my customers are having with my business?

What is the "experience" customers are having at my competitor's place of business?

The 5 Habits of Highly Successful Small-Business Owners

Some Practical Uses-; Company Policies -; Development ; Training -; Employee Directories -; Project Management-; In-house Social NetworkIn the modern context however, intranets are a vital component of a company processes which enable real time communication across company levels, facilitate ; make efficient information flows, and enable real time collaboration between groups spread across locations. ;EXTRANET – Like an Intranet, an extranet is a private network. A company might have multiple dedicated extranets for different key partners or clients. Enter extranets.

Some Practical Uses;- Client Support-; Product Demos-; On-Line Catalogues -; Joint Project ManagementLike intranets, extranets enable communication, information sharing ; collaboration. A company can use its customer portal to regularly supply information on related and new products to customers, and present it in a manner appealing to that particular client.;Broad Benefits of Intranets/Extranets/Customer Portals 1.;IChanging Environment - Moreover, the changing business landscape, even small businesses have to manage distributed teams and increasing client expectations. This included software development costs, costs of hardware, training costs, costs of specialized technical staff etc. Security - Security of intranets and especially extranets can be a big concern since sensitive business information is transferred over the public medium of internet. But there are many hosted intranet/extranet solution companies which have an impeccable record where it comes to safeguarding client information.