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Capable management. Look for people who you like and admire, have
good ethical values, have
complementary skills and are smarter than you are.
Plan to hire people who have the skills that you lack. Define your unique ability
and seek out others who turn your
weaknesses into strengths.
Able financial control. You will learn later the importance of becoming
qualified
in accounting, computer software and
cash flow management. Most
entrepreneurs do not come from accounting backgrounds and must go back to
school to learn these skills. Would you bet your
savings in a game where you do
not know how to keep score? People mistakenly do it in business all the time.
A
consistent business focus. If you think of specific products or services,
you will find that specialists will
outperform non-specialists. Zero in on
something you can do so well that you will not be
subject to competing with
someone with a lower price.
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