“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:
Make decisions quickly and implement them swiftly.
Entrepreneurial companies in niche markets, specialize. They do what they do best and outsource the rest.
Every new company must have a first class entrepreneur.
Keep an open mind and respond to change.
Become tireless innovators. Stay ahead of the competition.
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.
Be friendly to your customers, suppliers, workers and competition.
Make sure to have fun. This will help as the company grows and expands.
Brian Madigan LL.B., Broker