Every step you take contributes to your business success or failure . Here are four tips for entrepreneurs to grow their business.
- Listen to your customers
Every entrepreneurs should value their customers feedbacks and learn from thier critical remarks.
- Protect your intellectual property
Entrepreneurs should know the differences between a “copyright, trademark, trade secret, and patent“.
- Admit what you don’t know about business
No one knows all the answers, Steve Tobak says “Humility is a powerful trait for leaders, and that goes for new business owners, veteran CEOs of Fortune 500 companies, and everyone in between. More times than not, you will come to regret thinking you knew all the answers. Behind every failed company are dysfunctional, delusional, or incompetent business leaders. The irony is, none of them had the slightest idea that was true at the time. Even sadder, most of them still don’t. Don’t end up like one of them.”
- Keep your money in the bank
The most common business-failure mode is running out of money. You need to keep some cash for emergency.