Wednesday, September 4, 2013

The Ten Commandments of Small Business Ownership

I. Establish the Strategic Direction of the Company ... Mission Statement!

II. Build Loyal Employees

III. Hold Employees Accountable

IV. Continue Upgrading Management

V. Build Strong Relationships ... vendors, customers, and advisors.

VI. Keep Margins and Markups as Low as Possible

VI. Always Produce and Provide Quality

VII. Strive to be the "Low Cost" Producer

VIII. Grow ... but do so prudently and profitably.

IX. Create Excellence in Operations and Execution

X. Control the NUMBERS!

XI. THOU SHALT MAKE A PROFIT!!!

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