Productivity requires action. Few people say what they will do and then get to work on it.
The commands to start businesses
Many people are born to be entrepreneurial and seek him since they throw themselves into the labour market. But this is not easy, it requires hard work and sacrifice, but results in the majority of cases offset. Be your own boss and having your own business is something comforting, that is why we offer you a list with the '10 commandments' that you must follow if you want to be an entrepreneur and to succeed in your business.
1 Start as soon as possible: this seems a matter of urgency and is it. There is another reason to not start now, rather than fear of rapid failure. So the Chinese seem to have incorporated certain doses of pure enthusiasm and conviction in the businesses that do not find reason to start now same.
2. Do not have attachment to the business. If it does not change. If you have something to teach us better is the adaptation. they do so with an incredible speed. So that must change business but works.
3 Works hard: don't wait to earn a good salary and work 8 hours at the beginning. You should know that your salary will often be negligible and that you'll work more than 10 hours a day with total security. Help you Fellows if you need help.
4 Assesses the competition: competition usually detrimental to our business, but look at it another way: If there is competition, is that you're right with your business.
5 Detects new business opportunities: you have to be always attentive to the new business opportunities to see where others see them not. Don't miss the entrepreneurial spirit.
6 Follow an 80-20 approach in the design of products: related to the first point, agrees that the entrepreneur have a functional version as soon as possible to exit the market and begin to generate box. Pareto law is met in the design of products: 20% end of specifications consumes 80% of the total development time.
Commandments for entrepreneurs
7. Not wasting money on patents or other defenses that have little utility: patents are useless if you can not defend. And to defend them the entrepreneur needs money (which does not). Save in exceptional cases, agrees that the entrepreneur refer to the industrial secret. What was said regarding the patent is applicable to other wasteful spending at the seed stage.
8 Limit inventory: involves high investment when fewer resources are available.
9 Select customers: promote the advance payment by granting discounts is much better to get better margins giving credit to customers. We are in the same boat as point 6. Additional funding, is needed in this case to give credits to customers. In addition, a discreet or unknown client that paid before or allow access to one confirming to another more name is preferable but that stress our Treasury.
10 Look always the solution, not the problem: do what you do, always challenges and problems appear. It is part of life, business and everything that is worth making. If you leave the problems from getting in your way, they will be larger than your idea. Always keep your focus on the solution of the problem.
All the previous commandments are reduced to two: you ordenarás your business plan to generate box as soon as possible, and love to your customer as yourself.