Friday, March 12, 2010

Lessons for Running a Successful Business

1. Satisfy your customers
2. Motivate your people
3. Work hard.
4. Behave consistently
5. Prepare for the future
6. Control costs

Devote yourself to it 100 per cent and be prepared to take a few hits along the way. Take risks, but make sure to have the worst case outcomes covered.

Don't dwell on regret or failures, but adapt quickly to changes and move on to more positive things. Don't criticise others, but ask people for advice.

It is also handy to have a customer before you start a business.

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