8 Golden rules for Businessmen
Listen to this Article
While starting out on a business endeavour, following a set of rules is crucial for finding success.
Without proper rules a business can go spiralling down and without taking too long at it. Following are golden rules that will ensure your success in business.
Map it out
Map where you want to head. Plant goals and results all across that mental map and keep checking it off once you start achieving them one by one.
Care for your people
People are your biggest asset. They are the ones who will drive your business to the top. Treat them well and they will treat you well, too.
Aim for greatness
Build a great company. Build great services or products. Instil a fun culture at your workplace. Inspire innovation. Inspire your people to keep coming with great ideas, because great ideas bring great changes.
Be wary
Keep a close eye on the people who you partner with. It doesn’t mean you have to be sceptical of them. But you shouldn’t naively believe everything you hear. Be smart and keep your eyes and ears open all the time.
Commit and stick to it
Once you make a decision, commit to it and follow through. Give it your all. If for some reason that decision doesn’t work, retract, go back to the drawing board and pick an alternate route. In business, you will have to make lots of sacrifices. Be prepared for that. It will all be worth it in the end.
Be proactive
Be proactive. Just having goals and not doing anything about them will not get you anywhere. If you don’t act, you will not get the results you’re looking for.
Perfect timing
Anticipation is the key to succeed in business. You should have the skills to anticipate changes in the market place and, the changing consumer preferences. You have to keep a tab on all this. Never rest on your past laurels and always look to inject newness into your business processes.
Not giving up
That’s the difference between those who succeed and those who don’t. As a businessman you should never give up, no matter what the circumstance. Keep on persevering. You will succeed sooner or later. The key is to never quit trying.
Follow these rules and you'll find yourself scaling up the ladder of succcess.
Category : Finance | Comments : 0 | Hits : 1207
General believe lies among several goes saying Stock Market is very unstable, tempestuous, uncertain, gamble and nobody likes taking risks in terms of hard earned money. But the truth lies in fact It has given Extraordinary returns to discipline Investors who understood the power of compounding at Early age and shown good character in investing even in extra ordinary circumstances and shown patience perseverance and has mastered the Art of Regular Investing. In the words of Warren Buf...
IS INDIAN ECONOMY SINKING ? ITS IMPACT ON COMMON MAN AND FINANCIAL TIPS As per the World bank Forewarn the global economy is going to shrink by 5.2% this year resulting into a global economic crisis deepest recession catastrophe ever in decades. We cannot deny the fact that Indian economy is under devastating & catastrophic change and is witnessed sinking due reasons below – 1. Contraction in markets, 2. Supply chain crisis, 3. Lack of demand, 4. Credit growth is declining ...
“Capital crunch in business” – 10 possible ways of refinancing your business- “ART OF FUND RAISING” Leave a Comment / Uncategorized / By CA Jatin Rat Getting battle ready for post covid 19 world is the real test of time and could rack one brain to extreme unseen possibilities of life as nothing is going to remain same as earlier. Series of changes will be witnessed including the life style changes, changes in standard of living, changes in gove...
After Demonetization period, substantial number of Digital Transactions increases but still in India people hesitate to do transaction in Digital payment mode. Digi Dhan and Lucky Grahak Yojana during Demonetization period motivated to do more and more and transaction in Digital mode. Mode of Digital Payments: - NEFT: - NEFT stands for National Electronic Fund Transfer. One can transfer money by using Name of Beneficiary, IFSC, and Bank Account No. of Beneficiary. Money gets cr...
Funding against Letter of Credit (Discounting of Letter of Credit) A letter of credit is a written promise by a bank to pay for goods a buyer purchases from a seller. Discounting is a way a seller gets paid immediately even if the buyer wants a longer term for payment. Letter of Credit: Sellers may request that a buyer obtain a letter of credit from a Bank / FI prior to shipping goods. This is done to protect the seller against non-payment for the merchandise. This letter states the ban...


Comments