Everyone will have their own list. This is mine!
- Appreciating what you do well and not so well.
- Recruiting (or outsourcing to) great people & motivating them.
- Remembering that profit is an opinion and cash is a fact. Many profitable businesses fail because they run out of cash.
- Being aware of external sources of finance and the implications of giving away equity.
- Recognising that intuition, gut feel and instinct have a role in business.
- Appreciating that common sense is in short supply and using it.
- Striving for continuous improvement. What you did yesterday you can do better tomorrow.
- Recognising & taking a moment to celebrate success rather than constantly focussing on failures.
- Taking time to overview how your business is doing, where you want it to go and how you are going to get there.
- Believing in you. Confidence (without arrogance) is critical for success.
