What are the five most important rules to succeed in business for new entrepreneurs?

Posted by admin on February 7th, 2010 and filed under business entrepreneurs | 2 Comments »


1. Always have a contingency plan for every step you take to grow your business when your first idea doesn’t work (which it often doesn’t). You need to plan for all scenarios.

2. Do it the legal way – always. Don’t say to yourself "I’ll do it the proper way next time.." you won’t and one day you will get caught. This applies to things like taxes, payroll etc.

3. Don’t be afraid to ask for help. You will need advice and assistance from others throughout your journey to becoming successful – don’t be too proud to admit you need help.

4. It costs money to make money. If you go too cheap on things just to save a few bucks it will hurt your business.

5. Learn to say no. This applies to just about everything so once you have run your business for a few months you will really know what I mean by that. Sometimes it’s better to just say no.

2 Responses

  1. Drew Says:

    1 know what you want.

    2. know what you need to do.

    3. know that you have a Lot to learn stay teachable

    4. Do what you tell your self you are going to do.

    5 Listen to what other want and be there servant.
    References :

  2. DeeDee Says:

    1. Always have a contingency plan for every step you take to grow your business when your first idea doesn’t work (which it often doesn’t). You need to plan for all scenarios.

    2. Do it the legal way – always. Don’t say to yourself "I’ll do it the proper way next time.." you won’t and one day you will get caught. This applies to things like taxes, payroll etc.

    3. Don’t be afraid to ask for help. You will need advice and assistance from others throughout your journey to becoming successful – don’t be too proud to admit you need help.

    4. It costs money to make money. If you go too cheap on things just to save a few bucks it will hurt your business.

    5. Learn to say no. This applies to just about everything so once you have run your business for a few months you will really know what I mean by that. Sometimes it’s better to just say no.
    References :
    me – I am the owner of a successful business. The business I own works often with brand new start-up businesses.

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