Wednesday 17 February 2010

Take Theo's advice

Having just read Theo Paphitis' 10 Rules for Business Success, thought you might find them inspiring and very practical too....
1 Reduce risk (get all the information)
2 Don't fool yourself (don't believe your own bullshit, check the facts)
3 Cash is King (you can live without profit but you can't live without cash)
4 Embrace change (sell on the Internet)
5 Make decisions (don't hesitate, ask for help, just don't stop making decisions)
6 Weigh up the opposition (don't underestimate them) and yourself (don't overestimate...)
7 Start small (DIY so you know everything first)
8 Get your staff on board (most important people in any business ? not owner, not customer, but the staff)
9 Capitalise on others' ideas (active execution is much more important than having the idea)
10 Turn your dreams into reality (go for it, determination is the difference).



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