4 Maxims Of Highly Successful Businesses

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•Starting your own business can be

quite a hairy proposition and you are

entering the neo-liberal market place, a

place wrought with dangers, speed

bumps and never ending wells of

disappointments.

3

•Getting started on

your money making

venture is not easy

– allow me to

reiterate that one

more time. Not

easy

4

•The competition is stiff even in the

most niche of markets and you really

have to give it your all and work hard

before you can start seeing results.

5

•While there are hundreds

of pages of advice I can

impart on anyone wanting

to start their own business,

here are 5 tips on starting

your own business that you

can use.

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•One. A focused strategy. Your

business model must have a strategy

that is focused and that is detailed.

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•You must know exactly

what you want to do and

what you have to do to get

it. This is not a one page

report and the more

detailed it is, the better.

8

•Don’t skimp on even the smallest

things, because it can be your undoing.

9

•Point A must be your

groundwork, point B your

core strategy and Point C is

the profits. All successful

business are surviving on a

focused strategy, one that

can be implemented easily.

10

•Know your role. Especially when you

entering a partnership, it is important

for you to know what your duties are

and the role you are going to play in

the business.

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•Don’t deviate but

don’t be afraid to

diversify when you

need to.

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•When everyone can play their part and

play their part well, then the business

will be well on their way to writing the

chapters of success

13

•Have everything in

black and white. Write

everything down. Deal

with clients through

emails and documents

are your friends.

14

•This raises the level of accountability

on both the clients and the business

side and you will have something to

fall back on if anything goes wrong.

15

•It also gives you

a clear idea on

where the point

of weakness is

and how you can

repair it.

16

•Excellent money management is

absolutely essential in starting a

business.

17

•Research the

market and ensure

you are getting the

best quality at the

best price you can

get that quality at.

18

•Every dollar in the world of business

is crucial and you should not be

frittering investment and development

dollars away at non essential items.

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•Have a stash of

risk capital at the

ready

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•This is important when you need a

bailout or when you need to pump in

money quick to either make the business

resurface of change the strategy to hit an

emerging market.

21

•Having risk

capital at the side

means you have a

backdoor in case

things get awry.

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•These are just some of the quick

points to note when you are thinking of

starting your own business.

23

•The last advice I will give

anyone is not to rush into

things and attack your

business plan from every

angle possible, only then will

you find out the flaws before

they find you.

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