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Richard Branson’s 5 Rules for Good Business
1. If you don’t enjoy it, don’t do it. You must love what you do.
2. Be innovative: Create something different that will stand out.
3. Your employees are your best asset. Happy employees make for happy customers.
4. Lead by listening: Get feedback from your staff and customers on a regular basis.
5. Be visible: Market the company and its offers by putting yourself or a senior person in front of the cameras. -
7 Reasons Start-ups Fail:
#7. Ignoring your gut
Steve Jobs, Michael Dell, Warren Buffett, Richard Branson. They all learned very early on to listen to their initial instinct.
If your gut tells you that a potential hire is not a fit with the ethics and values you set, don’t hire him. If your gut tells you that your product will never gain one customer, let alone customer traction at scale, change and do something else. If your gut tells you that an investor will probably screw you down the line, don’t take her money.
When was the last time someone told you that they shouldn’t have listened to their gut? Exactly.
(Source: wilkinsky.us)