Intelligence and Determination alone cannot help a business excel in a market but a lot of other things thrown in the mix can actually make you a success in your small business.
One of the foremost things that have been found lacking in people who own a small business is the experience of the industry and this is also one of the main reasons why they tend to fail along with incompetence as well as the lack of managerial experience.
And those businesses that have managed to survive, show that the owners have at least some knowledge on the business management sector as well as have developed the right skills and knowledge on like customer service as well as business development and financial services, which are actually very important to have in a small business/owner.