The Perfect Business... 1, You should have 2 clients, maybe 3.. Create a queue.. 2, Your entire production should be contractually sold out between 3-5 years in advance, under bankable financial obligation. 3, 15 - 25% of your revenues in ongoing R & D, the best IP protection you can get. 4, A privately owned enterprise, public companies are wasted profits funding businesses that often shouldnt be funded. 5, More than 1 billion in revenues, less than 5 billion, stay under the Radar. 6, Your clients should be geographically diverse, choose them wisely. 7, Spending more on service and support than brand awareness or marketing. 8, 8 - 10% nett profit, not greedy. 9, 5% of your product to non profit organizations. 10, Employ the best you can find, pay them well, always understaff never overstaff. 11, Be Green, Be environmentally and culturally aware and act on it. 12, Act quickly, make mistakes, and never repeat them. 13, Monitor and maintain good business practices and ratios for equity / debt, always be on safe side. 14, Never sit still, Brain pool every concept, be prepared for failure and know what is a failure. 15, Know that Zero growth = Negative Growth, always growing in advance of economic statistics. 16, Enjoy your business, cherish it, care for it and keep it clean...
Posted on: Sun, 30 Nov 2014 02:41:55 +0000
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