Learning: Last week July 4- 11 POINTERS IN RUNNING A BUSINESS

 2026 007  Summary of things we should remember when running a business.  From YT

      1.   Cash flow, not profit is paramount in business.  Thus the terms of AR and  AP must be in favor 

            of cash build up.  Prefer payment in cash for receivables and sales, and prefer deferred payment

           instead of cash.    CASH IS KING

     2.   Selling is the MOST IMPORTANT ACTIVITY IN business.  Selling creates value, and wealth. 

          It needs clarity of the brand,  and trust must be built.  However trust build in decades can vanish

          in seconds

    3.  REPUTATION is a very important business asset

    4.   In business you need clarity of  communication to CUSTOMERS AND EMPLOYEES

    5.  When you expand, you need clarity

    6.  FOCUS in few ideas and products.  Focus creates depth and intensity

    7.  Dont be emotional upset about business reversal.   Deals will fail, employees will not observe

        standard.  

    8  Relationship should last.  Build relationship when you sell.   Cash pile up when you sell to the               same customer again and again

   9.  Dam management /preparation.    Funds and personnel ready before crisis  The business                            enrironment punishes the least prepared.    PDCA, planning is about preparation    

   10.  Consistency, faithfulness beats intensity   The hare or the tortoise.  The tortoise wins for its

         stubborn determination

  11.  A business success is a reflection of your personality,  Stress more clarity rather your ego and attachment to the business. 

      ALWAYS, CLARITY, FOCUS.