Categories: Tips

10 commandments of a successful business

It is not an easy job to establish a business and run it in any country that you live in. Starting a business often requires not just money but your time and dedication as well. Only by investing in these qualities will you be able to run a business successfully. If you are not willing to dedicate yourself to the business that you start, there are very few chances of it succeeding. There are also the 10 commandments that you ought to follow to make a business successful. If you are able to abide by these 10 commandments, you will sooner or later start seeing your business become more successful than you ever thought.

The 10 commandments for any business owner

  • Profits: It is imperative that your motivation should be towards profits irrelevant to the business type that you choose to run. Without this, your business shall not prosper for long.
  • Value Your Business: Only upon you valuing your business you would have customers who would value your products or service.
  • Cash Flow or Investment: If you do not invest in your business it would be very difficult to have motivation towards earning that money back. It is also vital for your cash flow hence is considered one of the most important of the 10 commandments.
  • Positive People: Always have your business surrounded by positive people with a positive mentality. If necessary, find a mentor for yourself and your employees who are positive. This can help you go a long way in your business.
  • Learn Continuously: Learning is a process that has to be done continuously. The moment you stop learning, you may start going downward in any business.
  • Execute Plans: If you have planned something to do with your business, always ensure that you execute it. If you do not execute your plans, it may stop your business from growing, hence the importance of the 10 commandments.
  • Marketing Importance: Always prioritize marketing and learn to make it a continuous process for your business to keep growing.
  • Flexibility: The Ten Commandments always ask you to be flexible. If you are not flexible and versatile with your business, you cannot go places with it.
  • Excellence: Any business owner who does not strive to achieve excellence cannot win in business. So always ensure that you not just strive but also attain excellence in what you do in business.
  • Thinking Big: This is another of the ten commandments that you should do to become successful. Aim for the star and strive towards it and you shall always be successful in your business.

If these 10 commandments are followed properly you can certainly win in any business you take up. To top this off you can always keep another one in mind that the customer is the main part of your business and without them, you are never going to succeed.

Sameer
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

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