
100 Rules For Entrepreneurs
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Content
- Intro
- Contents
- About the Author
- Introduction
- 1.Just do it.
- 2.Learn from your mistakes
- 3.Never blame the market
- 4.Take care of yourself
- 5.Know yourself
- 6.Measure success properly
- 7.Sharpen the saw
- 8.Make your passion your business
- 9.Nothing but the truth - and quick
- 10.Don't pin your hopes on apremature retirement
- 11.Never work to 'save jobs'
- 12.Avoid the 'we've just got to survivethe recession' fallacy
- 13.Proper profit is profit margin
- 14.The second goal of business issustainability
- 15.How to set a business-sale goal
- 16.Run the business for dividends(shareholder profit)
- 17.Use the dividend cash flow tovalue your business
- 18.Focus on cash-flow forecasts
- 19.Check your bank balance daily
- 20.Don't do guilt
- 21.Beg, borrow and barter
- 22.Use win/win negotiation
- 23.Deliver your promises up-front
- 24.Keep collaborating
- 25.Run a 'to-stop' list
- 26.Freelance is best
- 27.Hire freelancers correctly
- 28.Constantly question whether youhave the right people in the rightroles
- 29.Hire better than you need
- 30.Grow only as fast as yourresources allow
- 31.Hire hunger (humble andhardworking), not the best (proudand expensive)
- 32.Pay the right price for the person
- 33.Never over-promote
- 34.Meet the spouse for senior roles
- 35.Use references early inrecruitment
- 36.Avoid job titles
- 37.Pay recruitment fees on 'success'
- 38.Keep new roles temporary
- 39.Quality team equals low stresslevels
- 40.When staff leave, let them gowithout a fight
- 41.Commit to excellence - fire the'good'
- 42.Measure team performance
- 43.Three months never says it all
- 44.Managers and recruitment
- 45.Making the KPIs solid
- 46.Poor performers get fired - notmade redundant
- 47.Deal with personnel problemsimmediately
- 48.Use great questions to tease outperformance
- 49.Promote anyone who makes theirjob redundant
- 50.100% management support - allthe time
- 51.Know employees by their fruits
- 52.Do away with formal meetings
- 53.The team is the hero
- 54.Have a wise head on hand
- 55.Reward long-term value creation
- 56.Be wary of bonuses?
- 57.Use profit-share bonuses
- 58.Pay out some profits as dividendsfor directors
- 59.Keep two accounts
- 60.Pride goes before a fall
- 61.Don't diversify to escape trouble
- 62.Let go - faster
- 63.Letting others have a go will helpthem develop greatness
- 64.Eliminate puff
- 65.Build your brand
- 66.Protect your brand and IP
- 67.Product = brand = product =brand
- 68.Establish clear ownership of code,content and process
- 69.Own your clients
- 70.Refocus your brand - regularly
- 71.Measure resolutions as well ascomplaints
- 72.Rattle the cage to maintainexcellence
- 73.Know your source of world-classbusiness excellence
- 74.Know your business's economicengine
- 75.Ideas are cheap - unless they arepatentable
- 76.Live above the shop
- 77.Remember the risk to yourreputation
- 78.Put it in writing - and make sureyou sign it
- 79.Understand fixed costs
- 80.Never let tax drive your decisionmaking
- 81.Someone has already solved yourproblem
- 82.Put business before technology
- 83.Control credit
- 84.Tough decisions are the rightones
- 85.Plan your exit from your business
- 86.Avoid management and boardmeetings
- 87.Use the envelope test
- 88.Marketing comes first, designsecond
- 89.Set in place a feedback loop
- 90.Solve problems with three-wayconversations
- 91.Avoid shareholders
- 92.Never let family be shareholders
- 93.Debt is like a disease
- 94.Build a strong non-exec team -prudently
- 95.Understand the three stages of abusiness
- 96.No share options
- 97.Let yourself be ousted - at theright price
- 98.Cease trading before it is too late
- 99.Choose the right opportunity
- 100.Business comes, business goes -you'll always be an entrepreneur
- Postscript
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