Sunday, January 24, 2010

 

Three critical rules for running your business

Nice column in the latest issue of Esquire on starting and managing a small business. The author (who has a side business with a partner while keeping a full-time "day job") cited three things that he says are critical to running his business:
  1. QuickBooks is mission critical
  2. Cash flow is king
  3. Marketing is a must
Whether you run a small business or manage something much bigger, that's pretty good advice. Translated into more universal language:
  1. Watch your costs religiously
  2. Manage to cash
  3. Invest in sales & marketing to grow

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