• LinkedIn
  • Facebook
  • Twitter
  • Mail
1300 626 488
SCS Performance
  • Home
  • About
    • Service Guarantee
    • Speaking Events
    • Published Work
  • Programs
    • Business Mentor on Demand
    • Group Mentoring Program
    • Business Performance Program
    • Online Coaching Kit
    • Business Performance Review
  • Consulting
    • Selling Your Business
    • Improve Profit, Cash Flow & Performance
    • Succession Planning
    • Online Business Review
    • Risk Mitigation
  • Resources
  • Testimonials
  • Contact
  • INQUIRE NOW
  • Search
  • Menu Menu

Business Coaching & Consultancy

EXPERT GUIDANCE DRAWN FROM REAL BUSINESS EXPERIENCE

10 Commandments of Business

Business Management

Many business owners are time poor and simply don’t find the time to read the more comprehensive articles. So if you are looking for a bunch of potent tips for your business – then this short article is for you. 

Aptly named the 10 Commandments of Business, these are 10 activities which will add bottom line value to every business.

Thou shalt…

  1. … plan for the business. This should be aligned to a clear vision of what the business is seeking to achieve, along with its key strategies and measures to get there.
  2. … understand your cashflow. Cash is the lifeblood of the business, so you need to monitor the forward needs of the business, keep its volume at the correct level and be attentive to your cash cycle time.
  3. … know your market. Knowing what is happening, what is changing and what is going to change next are all important. Understanding your clients in this area, their needs and expectations are vital for sustained success.
  4. … always be marketing. Whether your marketing is to your existing clients in the way you service them or externally with advertising, web etc, you must always be  marketing your business. A ready stream of new leads is the objective.
  5. … always service your customer. Regardless of what you sell or who you sell it too, every business has customers – so you need to look after them. By all means define the appropriate level of service for your business, but never take your customers for granted.
  6. … provide a quality product or service. Returns, defects, poor performance etc, all cost the business both directly with refunds/replacement service etc, and then indirectly via brand damage.
  7. … form a strong team. Hiring well and growing the skills of your people with appropriate leadership and development are success factors for business.
  8. … work on the business. Elevating yourself from operating solely in the business – taking time to review your whole business, it’s performance, it’s structure and strategies from an arm’s length position provide improved performance.
  9. … review your financials. Simply trading a business is not sustainable, it must be profitable – and the only way to ensure this occurs is to understand and monitor your financial accounts on a regular basis.
  10. … enjoy what you do. Life is simply too short to not genuinely enjoy what you do at work for 40, 50, 60 or more hours per week. If you don’t enjoy what you do – then make a change.
January 15, 2015/by Stewart Clark
Tags: Business Management, Culture, Finance, Life Cycle - Established/Expansion, Life Cycle - Exit, Life Cycle - Growth, Life Cycle - Mature, Life Cycle - Startup, Marketing, Owner, People, Process, Product/Service, Sales, Strategy, Structure, Systems, Vision
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
You might also like
10 Ways to Drive extra Business Cashflow
Why you should focus on your Customer Market
Business Risk during the Festive Season
How to gain Sustainable Client Referrals
Increase your sales effectiveness with quality collateral
Removing phone barriers for greater Business Success
Top 10 elements for successful brochure design
The 5 life-cycle stages of a business

SEARCH

Categories

  • Banking
  • Business Management
  • Business Performance
  • Cash Management
  • Communication
  • Risk Mitigation
  • Sale/Succession

Tags

Banking (12) Business Broking (1) Business Management (40) Business Performance (27) Business Planning (12) Business Sale (7) Business Succession (6) Business Viability (6) Cash Cycle (5) Cashflow (3) Cash Management (6) Change (1) Communication (9) Culture (10) Decision Making (4) Finance (30) Legal Risk (2) Life Cycle - Established/Expansion (63) Life Cycle - Exit (15) Life Cycle - Growth (64) Life Cycle - Mature (40) Life Cycle - Startup (48) Marketing (17) Negotiation (1) Operational Efficiency (3) Operational Risk (5) Owner (1) People (16) Performance Monitoring (6) Planning (1) Pricing (1) Process (19) Product/Service (9) Productivity (5) Profit Growth (7) Risk Mitigation (21) Sales (17) Sales Collateral (3) Security (2) Strategy (21) Structure (6) Systems (10) Time Management (2) Transformation (2) Vision (9)

Sign up for our newsletter

PO Box 6193
Croydon North, Victoria 3136

Call: 1300 626 488

SITE LINKS

  • Home
  • About
  • Blog
  • Testimonials
  • Privacy Policy
  • Terms & Conditions

BUSINESS COACHING

  • Business Mentor on Demand
  • Group Mentoring Program
  • Business Performance Program
  • Online Coaching Kit
  • Business Performance Review

CONSULTING

  • Improve Profit, Cash Flow & Performance
  • Online Business Review
  • Risk Mitigation
  • Selling Your Business
  • Succession Planning
© Copyright - SCS Performance
  • LinkedIn
  • Facebook
  • Twitter
  • Mail
New Years Resolution for Business The One More Thing for business success
Scroll to top