tag:blogger.com,1999:blog-15473698058057176492011-07-07T17:48:49.483-07:00fannietrigianihttp://www.blogger.com/profile/03614230102824410324noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-1547369805805717649.post-44394841183354841492009-07-22T13:23:00.000-07:002009-07-23T23:49:07.501-07:001. Have a mentor. Surround yourself with great people who have the knowledge in your industry. Get to meet with people who understand finance. Choose them very carefully and use them based on what you want them to accomplish for you.<br /><br />Ask questions. Set up a regularly meeting with these people. Let them know that they are here to add value to the business. From: Ken Yancey, CEO Score <br /><br />2. You must understand the business you are going to start. It is better if you have experience this from your previous jobs. If not, get that job. Get your education by going to work in the business you want to go into. You learn so much from people who are running the business. Learn from experience and learn the ropes before putting your own business. From: Phil town, Author rule#1<br /><br />3. Weigh both conventional wisdom and common sense and decide what you need to do to bring your business to the next level.<br />Maintain marketing budget. This is true if you know what you are doing with your business but if it is just draining your business then it one thing that you need to cut because it is hurting you more than helping you. <br />If you know what you're doing then do more of it. From: Steven Little, Author of "Duck and recover"<br /><br />4. Revenue is vanity, profit is sanity and cash is king. Most small businesses fail not because they have a bad idea but because they ran out of cash. Know how your business stacks up on those 3 matrixes - revenue, profit and cash. Always know how much cash you have in the bank. From: Kylie Sachs, Ascend Venture Groups<br /><br />5. Hire now. There are lots of good, qualified people out there that you can get at a bargain because they are unemployed. Be prepared for the upturn as well. Now is the time to get people. From: Rod Kurtz Sr. Editor<br /><br /><br />Discover Secret $800,000 Niche Markets! FREE Video Training.<br /><br /><a href="http://www.moneysiphonsystem.com/">Give me FREE Access Now!</a><br /><br /><a href="http://www.zimbio.com/member/fannietrigiani"><img alt="My Zimbio" title="My Zimbio" src="http://www.zimbio.com/images/badges/badgeBlue.png?u=fannietrigiani" border="0" /></a><br/><a style="margin-top:2px; display:block; font-size:11px; padding-left:10px; color:#244366;" href="http://www.zimbio.com"> Top Stories </a><br /><br />"I made $4,259 in the first 45 days! Slow Economy? What slow economy?" Michael William, New York<br /><a href="http://www.NothingDownOnline.com/">Click here for More!</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1547369805805717649-4439484118335484149?l=successsecretsforsmallbiz.blogspot.com' alt='' /></div>fannietrigianihttp://www.blogger.com/profile/03614230102824410324noreply@blogger.com0