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Ten Rules for Business Success

April 7th, 2009

Following is a compilation of rules/guidelines about achieving success in business. I came across these on the net, copying them all:

  • Never ever wait too long for a revolutionary idea. Just look for something simple yet exciting and execute as quick as possible.
  • Discuss your idea with as much sensible people as possible. The more you share, the more you get advice and the more you learn.
  • Use blogging and social software/websites like facebook, twitter etc to build a community. Make sure people know about you and your business.
  • Listen to your community. Answer questions and build your product with their feedback.
  • Team is key, develop one. Select people with very different skill set. Look for people who are better than you.
  • Be the first to recognize a problem. Everyone makes mistakes. Address the issue in public, learn about and correct it.
  • Don’t spend time on market research. Launch test versions as early as possible. Keep improving the product in the open.
  • Don’t obsess over paper business plans. They are not going to turn out as you predict, in any case.
  • Don’t plan a big marketing effort. It’s much more important and powerful that your community loves the product.
  • Don’t focus on getting rich. Focus on your users. Money is a consequence of success, not a goal.
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