Description

- People are more important than strategy: The right people with the right talents can formulate great ideas. - Know what customers really want: It is important to recognize what customers are looking for. - Market size is everything: It is important to forecast your potential market and understand the size of your business. - Be the customer: Put yourself in the shoes of the customer to understand the needs of the business. - Don't chase bad revenue: Be wary of taking on just anyone's money, as some customers can be bad for business. - Understand your culture: Make sure to hire people that share the values of the company. - Timing is everything: The success of a business can depend on the timing of the launch. - Think about growth: Consider what you would do if your business suddenly took off and have a plan for growth.