Business Success Map

Principles for Business Success

business success map

BUSINESS SUCCESS

How do I run my business?

• Separate business and personal records

• Keep daily records

• Pay tithing first

• Save weekly

• Improve something every day

• Learn continually

• Live the Foundation principles

• Set exciting, measurable goals

• Start small, think big

• Never give up!

CUSTOMERS

What do people want to buy?

• Know why people buy your product

• Know what customers value

• Learn from customers daily

SALES

How do I sell?

• Always upsell

• Turn inventory often

• Ask, listen, suggest

• Make it easy to buy

• Close the sale

PROFIT

How do I increase profits?

• Keep daily records

• Pay yourself a salary

• Seek daily profit

• Buy low, sell high

• Don’t steal from your business

• Use productive assets

COSTS

How can I control my costs?

• Lower costs

• Use multiple suppliers

• Only add fixed costs when they will increase profits

• Make investments wisely

• Use the Four Rights to borrow wisely