-
Create and build the
business on real market
opportunities.
-
Identify or create
some distintictive competence.
-
Realise competitors.
-
Continually work or
create and improve the firm’s image.
-
Be the best not the
biggest.
-
Create opportunities.
-
Build on strengths.
-
Recognise the
difference between efficiency /
effectiveness.
-
Be innovative.
-
Seek and use expert
advice.
-
Recognise type of
risk.
-
Avoid being over
dependent on others.
-
Get rid of
unprofitable products / service.
-
Manage resources
efficiently / effectively.
-
Realise that business
/ management decisions may affect
survival ability.
-
Use time efficiently
/ effectively.
-
Regard cash flow as
life blood and maintain strong
liquidity.
-
Keep good records.
-
Hire the right
people.
-
Continually update
product knowledge.
-
Regularly review
firm’s location.
-
Learn from errors.
-
Watch signs of mental
stress.
-
Be decisive /
assertive.
-
Believe in yourself
and your business.
