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How to Avoid Business Failure: 9 Golden Rules
23.07.2024 20:15
In any environment, be it a city or a forest, there are rules, and in commerce these are the rules of business.
Like it or not, you will have to comply with them. What do they consist of?
Don't stop
Once you start and develop a business, you should not stop, expand your business, because the strong devour the weak.
Learn
The smarter, the stronger! By replenishing your knowledge bank, you raise your potential, you will always find a way out of the situation and make the right decision in any situation.
Honesty and integrity
Any relationship, cooperation and partnership are built on honesty and integrity.
Fair competition
Don't be arrogant, don't put a spoke in the wheel of your competitors, you can step on a rake, that is, interfere with others' work.
Count your money
Money loves counting! Keep track of income and expenses, proper distribution of financial resources will give stability to your business.
Set goals
Once you set a goal, you clearly see the direction in which to go.
Make quick decisions
If you have come up with or found an idea, or a profitable offer has come up, do not waste time and implement it. After all, competitors are also looking for opportunities and can get ahead.
Teach your grandmother to suck eggs
If you are in a circle of businessmen with more experience and experience than you, do not try to teach them wisdom, it is better to listen to them, and if necessary, ask questions of interest.
Control your business
In no case should you let your business drift, irresponsibility in business will not lead to anything good. Business must work smoothly, and of course, bring profit.
Unfortunately, many businessmen deviate from some rules, using the “just me” tactic, taking advantage of their position and connections, being in government bodies.
Earlier I talked about how to motivate your employees.
