Guest guest Posted May 27, 2012 Report Share Posted May 27, 2012 I personally would add 'you have to have a product/service that people want/need' to the below list. I suppose it might be fairly obvious - but I do wonder if some people forget such basics. > > A long time ago I would write summaries of books that I read and points > learned. I hadn't done this in do long that I'd forgotten completely about > it. The idea recurred to me a while back when I thought about a show I've > watched often and how I saw it differently each time based on my studies. I'm > going to watch it again while keeping notes so over time I can keep track. > I'm also going to start with making end summaries of books again, starting > simply and expanding over time. > > Here's an example from the last book I read. > > Business Dumbology > > A book about failures in business both private and government/private > ventures. > > Lessons Learned > > 1. Greed is bad. Greed makes people blind to danger and they chase big > returns no matter the risk. > 2. Ego is bad. Hubris. It causes people and governments to forge ahead > when common sense would dictate stopping or trying a new approach. > 3. Be wary of fads. Be they social, material, stocks, etc., as they can > end badly. Stock bubbles, frauds, must have items, must have programs, etc. > often go bust. > 4. Be wary of the Charismatics and forceful types. They tend to be con men, > frauds, and/or incompetent at their professed jobs. > 5. Start small and grow carefully. Starting too big and/or growing too > fast can kill. > 6. Plan everything, plan ahead. Try to avoid big problems before they > arise. Smaller problems will come up, solve them fast. > 7. Hire competent and quality staff. Make sure they know the plan and > changes that will come up. See point 4. > 8. Avoid cutting corners in quality or staff. > 9. Avoid panic or giving that impression when one isn't. Don't cut prices > in place of better quality or product line. Avoid crazy sales and > promotions as they don't work to save companies. > 10. Watch your mouth, especially regarding one's trade. An ill timed joke > or misconstrued comment can be costly. > > > Quote Link to comment Share on other sites More sharing options...
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