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20 Business Start-up Tips To Remember!

When you have little to lose, and a lot to gain if your venture succeeds, go for it.

Think big, but start small. Keep overhead low. Work from home if possible.

Give yourself a head start by capitalizing on what you know.

If your knowledge is limited, work for someone and get paid while learning

The other fellow's field is not necessarily any greener than your own.

There could be an acre of diamonds right there in your own backyard.

Don't try to reinvent the wheel. Find out what works. Copy it. Try to improve it.

Test your idea in the marketplace. If it works once, chances are it will work again.

Expect to make some mistakes. Learning to take the calculated risk takes time.

Compete on price; on delivery; on personal service; and on quality if you can.

Extending credit is always risky. Demand payment on delivery or completion.

Don't just sell your own labor. Hire competent people and sell their labor.

You'll only get monkeys if you pay peanuts. Hire the best and pay them the most.

Prioritize tasks. Do only the most important yourself. Delegate the rest.

Cut costs to improve margins. $1 saved equals $4 you don't have to earn.

Pay yourself first and save 10% of everything you earn.

Ensure customer loyalty by giving more than the customer actually pays for.

Ask each customer to give you the names of three more likely prospects.

If you make a promise, keep it, even if it costs more than you bargained for.

Play to win. Bet everything if you must, except for one thing: your integrity.

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Alex Ong
*Note that most of these companies have their respective internship/career opportunities pages.
alexong@gmail.com - Email me. I'm always open to suggestions.

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20 Business Start-up Tips To Remember!

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