14 RULES TO BUILD A SUCCESSFUL AND SUSTAINABLE BUSINESS

I have been running businesses for over 28 years now. I have helped many small business owners to start, run, grow and scale their business. I have worked with companies of all sizes: from the brave solopreneurs to bigger companies with hundreds of millions in revenue. There were start-ups and long-established entities. I’m a small business owner myself as well. 

Personally, I have been dealing with all these different type of challenges in managing small businesses, I have grown to understand that all these realities always apply. I call these “Ronald's Rules.” These rules are keys to small business success. It has helped me a lot and I hope that it will help more entrepreneurs. I have seen many new entrepreneurs failed because they ignored one or more of these business basics.

Here are 14 of the most important “Ronald’s Rules” for small business success:

1.   Start Small and Move Fast

2.   Agile

3.   Perseverance

4.   Goal Settings

5.   Build Relationships

6.   Continuous Learning, Applying and Sharing Knowledge 

7.   Understand your market segment

8.   Grow Leaders, not Followers.

9.   Be Agile

10. Build a psychologically safe workplace

11. Bring purpose and meaning to your work

12. Know your value proposition 

13. Manage your cash flow well

14. People over Profit, Relationship over Process