1 Your employees matter most. Show that you value them, communicate, incent them, respect them, make them connected to the success of your business. Your employees represent you to the clients.
2 Be obsessed with your customers.
3 Always be truthful; with clients, employees, investors and with yourself.
4 Be transparent; never hide anything.
5 Know your strengths and know your weaknesses; offset your weaknesses with the skills of others. Most business owners make the mistake of ignoring what they don’t know.
6 Family and business do not always mix; protect your business and protect your family.
7 Thoroughly know your numbers inside and out. The importance of understanding every aspect of your business financials is critical.
8 Know your market and be prepared for constant change.
9 Do not be a “hoarder”. Know the difference between core and non-core assets. Non-performing assets and non-core assets should be liquidated.
10 Get to work and have fun.
At Alpha Partners Consulting, we believe in your future and are prepared to contribute to your success. www.alphapartnersconsulting.com