Being a successful businessperson, as the saying goes, is about “1 percent luck and 99 percent hard work.” Being passionate about your work also helps. This article discusses the secrets to being a successful businessperson and running a flourishing small business.ObjectiveHave a clear goal when it comes to your small business. Write down both short-term and long-term goals for your small business. Set a realistic date for the objectives to be achieved. This helps you focus on goals, rather than being tossed about in the competitive business world like a rudderless ship.Business PlanNo business, big or small, succeeds without a business plan. After you have decided what direction to steer your small business in, you need to plan how to get there. A business plan can go hand-in-hand with an objective date, with both helping you focus on the ultimate goal.One Step at a TimeOnce you have prepared your business plan, put it into action. Work on reaching your goal on a daily basis. Taking small steps at a time will help you get there while also allowing you to monitor your progress.Take Time Out from BusinessSome “me time” is also crucial if you don’t want to burn out early. Take small breaks from business and spend time indulging in a hobby or enjoying the company of family and friends. Learn meditation techniques to keep stress away, and exercise regularly to maintain good physical health.Pareto’s PrincipleKeep Pareto’s Principle in mind to enhance your efforts: 80 percent of the results are due to 20 percent of the causes. Instead of wasting time and resources on many issues, focus on the key aspects of your small business.ProductsThe success of your small business depends on the products you sell. Analyze your sales in order to discover which products are bestsellers and which ones are drains on the system. In general, about 30 percent of products bring in the greatest profits.Customer RelationsCustomer relationship management is an integral part of small business management. Identify potential long-term customers and those that will bring you the greatest profits. Focus on building relationships with them in order to enhance your business.AssociatesBuild sound relationships with your business associates, including suppliers, vendors, franchisees, and business partners. Maintain regular conversations with all of these people, so you are up-to-date on trends and other changing conditions.PassionPassion is the single most important factor in making your small business succeed. If you are passionate about what you do, you will be successful in your small business, since you will be able to put in the requisite work without feeling stressed out and you will see extra work as necessary to achieving your goal.The factors mentioned above are the secrets of success for many small businesses. With passion, dedication, foresight, sound planning and relationship maintenance, you can make your small business a winner in a very short time. If you think you need help in turning your small business into a success, you can hire the services of a professional small business advisor. Alternatively, you can use software for helping you run small businesses.

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.