Ingredients For a Successful Business

“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

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