This is one
major rule in business. Your focus should not just be profit but the
satisfaction of your customers. When you realise your customers are the sustainers
of your business, it helps you to shift attention from profit to them.
If consumers
continue to get the worth of their money, they will keep coming. You may not
last in business if you are profit oriented because you may be tempted to cut
corners. Also, there are many people out there who will want to dupe you
because you are a business person, the earlier you combat greed; the more
logical you will be at those moments. Don’t dive into any business you don’t
have full understanding of and another rule in business is to trust no man. We all
have our portion of greed, however, in business greed should not even be heard
of. Be sincere to yourself, to your workers, consumer as well as all
stakeholders. Don’t look for quick wealth, for in this quest have some men
become bankrupt. Don’t do business for quick profit instead for meeting of
need. Another aspect of this greed is where you need to save yourself from fraudsters
who bring up opportunities that never exist. When you get your greed under
check, you will be reasonable which is one thing greed takes from us. You will
be able to analyse and scrutinize every business opportunity that comes your
way and allow you invest properly. The earlier you put your greed under check,
the longer you sustain your finances.
It is important in life and especially business to prioritize ideas. Some questions that will help us as regard priority includes "when should this idea be implemented?" "Do I have all it takes to implement this idea now, if not, when will I have them?" "Won't it be late to implement this idea in so so and so time?" Etc. Many times, it's difficult to run/implement two or more ideas at a time but through priority we can still achieve them all though at different times. It also prevent tying up of capital and that may even affect both businesses. In priority, it's best to do the easiest first or one in which one has more expertise or one better research. In priority, a schedule is also important. When we ask the necessary questions, it would help us know how prepared we are for every idea we intend to implement less we start and encounter problem not anticipated. Some ideas are best implemented now than allowing them to wait while some are bet...
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