“The Nine F’s”
Just about everyone looking to start a business is looking for the ingredients for success, so I thought that I would provide some to you.
Here are 9 top tips for success:
1 Fast
Make decisions quickly and implement them swiftly.
2 Focussed
Entrepreneurial companies in niche markets, specialize. They do what they do best and outsource the rest.
3 Founder
Every new company must have a first class entrepreneur.
4 Flexible
Keep an open mind and respond to change.
5 Forever-Innovating
Become tireless innovators. Stay ahead of the competition.
6 Flat
Have as few layers of management as possible.
7 Financial Reporting
Have effective and efficient financial reporting. This will help you keep overhead costs low and productivity high allowing you to put more money onto the bottom line.
8 Friendly
Be friendly to your customers, suppliers, workers and competition.
9 Fun
Make sure to have fun. This will help as the company grows and expands.
Brian Madigan LL.B., Broker