The Ten Commandments For Business Success From The Art of Business War

April 29, 2015 |  by  |  Business, Linkedin Blog, Training

A Special Forces Approach to Business Growth 

As a business growth specialist I am often asked what is the guaranteed magic formula to business success. The short answer is, there is no such formula. The only guarantee is, there are no guarantees. If there were, every business would be successful, and the owner of the business success model would feature high up in the world’s top 100 richest individuals.

That said, there are however proven business success formulas for certain industry sector businesses.

10 commandments

Another option is to open up a new conceptual business after carefully identifying certain ingredients which can increase the chance of success while minimising the possibility of failure.

The following is what I call my ‘10 Commandments For Business Success’. I implement these commandments whenever I visit a new or prospective business client who is looking to open up a new business or an established business looking to diversify into new revenue generating income streams from associated businesses.

These commandments are my own interpretation of what works and produces the very best chance of exponential business growth in a relatively short time frame while keeping an eye firmly on long term sustainability.

10 Commandments For Business Success

10 Ideal Business ‘Must Have Ingredients’ – the elements that any business should have to make it viable and workable.

Business Commandment 1: HUGE DEMAND

For any business to be successful, it must have a product that someone wants and needs.

 

Business Commandment 2: A PROVEN LEADER

It is essential for any company wishing to succeed to employ a dynamic visionary business leader. Someone who understands the dynamics of team work. Someone who is content to remain out of the limelight and focus on enabling other directors to increase their business performance.

 

Business Commandment 3: LOW MAINTENANCE

Who needs to spend all day on the phone servicing some product?

 

Business Commandment 4: NO STOCK

Do you really want to fill up your garage, or bedroom with a ton of products that no one will buy?

 

Business Commandment 5: LOW NUMBER OF EMPLOYEES

Avoid the cost, the hiring headaches, the training. Keep the ratio pertinent to turnover.

 

Business Commandment 6: RESIDUAL INCOME

Do the work once and get paid over and over again. Your customers will remain with you month after month. Design a system where they’ll pay you each month, usually by Direct Debit or Standing Order.

 

Business Commandment 7: RESPECTABILITY

Design a ‘win-win’ business that you can be proud of. Make sure your customers make more money. You both win with a profitable business which generates business respect.

 

Business Commandment 8: LOW-COST

Fail to plan – plan to fail. Map out your roadmap to long term success while keeping a firm grasp on your monthly overheads.

 

Business Commandment 9: LOW FINANCIAL RISK

Minimise the risk by employing a specialist who clearly understands how to navigate and manage risk.

 

Business Commandment 10: RAPID PAYBACK

Recoup your business investment in as quick a period as possible.

 

  • The truth is, in many SME businesses it’s hard to incorporate a single one of these ‘Commandments For Business Success’. If you’re lucky you might get a few of them.

* Credit it is owed to an unknown author for some of the ingredients above. They were sent to me via an anonymous e-mail. If you are the copyright owner then contact me with proof and I’ll ensure I list your credit in future publications.

Special Forces know when to arrive and when to leave. They never overstay their welcome.

  • This article may be reprinted without permission, provided it is utilised in its entirety, retains the name of the author and web site address links and is not printed in, or posted on any illegal or controversial publications.
Dr. Mark D. Yates

Dr. Mark D. Yates is a global #1 LinkedIn consultancy business growth specialist, LinkedIn speaker, LinkedIn Sign & LinkedIn training instructor & CEO of Link Business Marketing Ltd. If you need to hire a LinkedIn expert to help you gain profitable business growth, contact him. Tel: UK 0203 390 2013 Email: drmarkdyates@aol.com, connect with him on LinkedIn & Twitter You can view & download his dynamic independent LinkedIn training program at: linkedinswat.co.uk.

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