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Business Tip: Don’t do something you won’t enjoy. You know what you love, find a way for it to make you money. Or you are setting yourself up for failure.
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Business Tip: A good idea is not enough. Business aren’t just about ideas, businesses are about execution. Once you have an idea, work on the execution.
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Business Tip: Know how to take criticism. Take as much feedback from as many people as you can, this will help you in the long run.
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Business Tip: Act like a startup, watch every dollar and triple-check every expense. Keep your costs low and manage your cash flow effectively.
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Business Tip: To be successful in business you need to be organised. Create a to-do list each day. As you complete each item, tick it off your list.
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Business Tip: Build a great team. Very few succeed in business alone, most will lose to a great team. Build your own great team to boost your success.
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Business Tip: Don’t burn out – take care of yourself. Delegate, eat really good food, get good sleep and take time off every now and then.
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Business Tip: Know your finances inside and out so you can make informed decisions. Be aware of your revenues, expenses, profits, debt, cash flow, and taxes.
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Business Tip: When choosing a business location, think about your unique needs. Consider the opportunity for growth & your proximity to suppliers or consumers.
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Business Tip: If your idea is rejected by customers or investors, don’t give up, rather use their criticisms to help you to improve your idea.