Ten Key Lessons for Business Success

Everyone will have their own list. This is mine!

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

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