This link has been bookmarked by 18 people . It was first bookmarked on 30 Dec 2008, by Damon Snyder.
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18 Mar 09
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27 Feb 09
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1. Numbers run a business. If you don't know how to read them, you are flying blind.
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2. A sale isn't a sale until you collect.
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3. When your short-term liabilities exceed your short-term assets, you are bankrupt.
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4. Forget about shortcuts. Run a business as if it's forever.
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5. Cash is hard to get and easy to spend. Make it before you spend it.
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6. You have no friends in business, only associates.
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7. Don't focus on the top line. Gross margin is the most important number on the income statement.
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8. Identify your true competitors, and treat them with respect.
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9. Culture drives a company. In the long run, the boss's most important job is to define and enforce it.
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10. The life plan has to come before the business plan.
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03 Jan 09
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02 Jan 09
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01 Jan 09
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31 Dec 08
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30 Dec 08
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6. You have no friends in business, only associates.
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