Saturday, December 7, 2013

The 10 Business Commandments

While I was reading an old business magazines, I came across an article about the 10 Business Commandments that I want to share with you here:

  1. Be a business enthusiast
If you’re going to make a living out of something, then you’d better immerse yourself in it. Keep reading newspapers, magazines and websites that will keep you informed. Brush up on business basics. Whatever you do, don’t stop learning.

  1. Have  a life
Make sure you don’t work too hard. Leading a full life keeps you from experiencing burnout and allows you to regain your strength and work even better.

  1. Take aim
Some companies try to be too many things to too many people in the game. Sure, youre aiming to cut across all markets. But by doing so, you won’t be able to excel in any of those markets and might just lose out in the end. Instead, define your market. Gain your foothold in a single field, develop a loyal following, and then expand your services.

  1. Have a plan
Gut feelings are not something to be ignored. But even if you’re about to go against all odds, its always best to think things through. That way, when something doesn’t go your way or you have to defend your idea to others, you’ll be confident that you have all bases covered.

  1. Leave your comfort zone
Don’t ever stick with the same method just because it’s the one you always use. If someone approaches you with a compelling argument on why an existing method should be changed, go ahead and give it a chance. Just be sure that you make a wise decision. And remember, its always best to get a second or even third opinion.

  1. Have a regular check-ups
It’s so easy to get caught up in work that one day you might just wake up and realize that you haven’t really accomplished anything. Avoid this scenario by having regular meetings with your staff. Review accomplishments, bring up any threats, get updates on the progress of others and evaluate how your business is progressing as a whole.

  1. Give credit where credit is due
While your associates and customers help fund your business, your employees are the people who keep it running. They’re a crucial part in your success, so make sure you let them know how much they’re appreciated.

  1. Build relationships with Customers and Others
Not just with customers. Expanding your social connections and interacting with different people is a great way to generate more contacts, ideas, opportunities, and referrals.

  1. Better to Work Smart
There’s a big difference between working hard and working smart. Working hard can keep you in office way past 6 p.m and leave too exhausted to do anything else. Working smart is using your time wisely and making sure that all your actions are steps towards your ultimate goal.

  1. Be passionate
Your customers can tell whether or not a business is genuine, so can your employees, investors, and partners. If you’re not enthusiastic about making your business succeed, then don’t expect anyone else to be.

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