Wednesday, 24th February 2010

Top tips for business success

Written by George Traganidas Topics: Habits

If you are looking to start your own business you might want to consider the sound advice of famous business people. These people have already trodden the path to business success and you can take advantage of their wisdom. The following list is a collection of business tips and general words of wisdom:

1. All successful people have a vision. They have the ability the “see” clearly what they want before it exists. – Bill Gates

2. Some of success is luck. Just being in the right place at the right time. – Bill Gates

3. When you find a good idea act on it right away. – Bill Gates

4. Absorb, assess, and then act. Knowledge without action is impotence. – Donald Trump

5. Avoid your comfort zone — it’s probably outdated anyway. – Donald Trump

6. Resolve to be bigger than your problems. Who’s the boss? – Donald Trump

7. If you’re honest, you should know the questions that should be asked, as well as the answers. That’s probably why there’s so much confusion out there today. – Donald Trump

8. Do business with people you like and who share your objectives. – Warren Buffett

9. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently – Warren Buffett

10. Borrowed money is the most common way that smart guys go broke. – Warren Buffett

11. Price is what you pay. Value is what you get. – Warren Buffett

12. Strive to become a market leader. Own and control the primary technology in everything you do. – Steve Jobs

13. Ask for feedback from customers of diverse backgrounds – Steve Jobs

14. Learn from failures, admit it and move on. – Steve Jobs

15. Learn continually from people within and outside of your company. – Steve Jobs

16. You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new. – Steve Jobs

17. Have a clear articulation of what your value proposition is – what makes you different? – Michael Dell

18. Tough times present new opportunities and the seeds can be sown for future successful companies. – Michael Dell

19. There’s never been an easier time to connect with customers all over the world – utilize social media opportunities like blogs, Facebook and Twitter. – Michael Dell

20. Find something that works well and then replicate it. – Michael Dell

21. Take advantage of the resources around you – people, technology and suppliers. – Michael Dell

22. Keep your messages simple and clutter free to reach your market faster. – Jack Welch

23. See change as an opportunity-keep an eye out for changes to your business. – Jack Welch

24. Business opportunities are like buses, there’s always another one coming. – Richard Branson

25. Big businesses will always try to crush small upstarts. To beat big businesses, use the strengths of being small. Big corporations are impersonal; staff is often not treated well. At a small company, you can make sure your staff is proud of working for you and then they’ll work hard to be successful. And small companies are more nimble. – Richard Branson

26. If you’re a successful entrepreneur, wealth comes with it. A responsibility comes with that wealth. – Richard Branson

27. A good company runs as if it is a family. If your son messes up, you don’t kick him out of the house. – Richard Branson

Follow the practical way,
George

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