Top 10 priorities when starting a business

When you are managing start up business there are 10 key things that I suggest you think about before you take the leap.

  1. Understand your reasons for wanting to go into business
  2. Be truthful with yourself and know your limitations
  3. Don’t leap until you have scouted out a safe landing
  4. Business is a response to customer demand so make sure it exists
  5. Realise that you are entering a life of service to customers.
  6. Be certain you are comfortable with constant change
  7. Money is useful but experience, competence and teamwork are critical
  8. Your job is to perform the high payoff activities not put out fires.
  9. Focus on income and traction, not on expenses
  10. Beware of obsolescence.  Adopt technology and adapt to demand