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The 5 Laws for a Profitable Business

Educational establishments would have us believe that building a profitable business is complex, but it’s actually very simple as long as you obey these 5 laws:

  1. Know your cash situation; what’s coming in and what’s going out. Hint:regardless of how bad things get you must adjust to ensure that more comes in!
  2. Know your market niche; exactly who you are marketing to and what it is exactly you are marketing to them.
  3. Over deliver on your marketing promises; this means having a well developed operations strategy.
  4. Accept once and for all that people can’t be managed; only led and/or inspired.
  5. Be there.

The 10 minute MBA expands on all of these laws to allow you to develop savant like business awareness.

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