14 Business Lessons For Every Entrepreneur

14 Business Lessons For Every Entrepreneur


  1. Set a goal, find out what you are good at and choose that career path. Informed risk will benefit the future in the long run.
  2. Strive for balance between professional and personal commitments.
  3. An excellent Idea with poor Execution is a lost stake and is a fundamental cause of failure in any business or venture.
  4. Respect the customer’s right to make their own decisions.
  5. Don’t be afraid to pick up the phone and ask for business!
  6. Be judiciously generous with your time, energy, wisdom, contacts and skills; mentoring and leading may not offer you immediate financial return, but they mark a person as committed to giving as taking.
  7. Positive thinking is the cornerstone of every great accomplishment.
  8. Patience builds trust. Trust closes deals. Sincerely take care of your customers first and you will be taken care of as a by-product.
  9. Accept your mistakes as tuition to the school of hard knocks. And try not to take the same course twice.
  10. Treat your staff, your boss, your peers, your customers and your vendors in the manner you wish to be treated.
  11. Stop managing and start initiating change that will improve productivity.
  12. Treat your customers like royalty and your employees like customers.
  13. Your only asset with any true long-term value is your reputation.
  14. Have great mentors and be a mentor to young people.

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