In today’s fast paced world, creating a company, a new technology, or simply having a brilliant idea is almost becoming the norm, especially since the invention of the cloud, which makes it easier to host web applications. Once there is a new publication, almost immediately there is a new app as well as a platform announcement. Still, startups are quite challenging and someone who has bootstrapped a company can attest to it, regardless of their generation.
Now, with the new generation of leaders being already here as the “new wave” entrepreneurs, old tips and tricks are being abandoned for new ones. New entrepreneurs are completely connected with numerous new ways as well as rules of creating startups and doing it regardless of where they are with the use of laptops. However, according to Issa Asad Florida businessman and entrepreneur new business owners are “coming to the realization that the number of followers they have is not enough to get them ultimate results.”
Mr. Asad is the CEO of 2 companies located across South Florida, including Quadrant Holdings and Q Link Wireless. He is the author of 4 e-commerce marketing and social media marketing e-books, which can be purchased on Amazon.
“New entrepreneurs need to understand that the major keys to building a startup is complete believe in your products and the ability to realize when ideas do not make sense at all,” said Asad. Below are 7 old-school business rules that rock.
1. Listen to Good Advice
You should probably heed it too. Actually, this is a key that should not be ignored because there is a reason why the people advising you have achieved what they have. This will teach you how to keep your cool and confidence n this competitive world and better yet, when to realize when one of your ideas is plain dumb.
2. Cash Is King
This cannot be stressed enough especially if you tend to believe that you should invest in tomorrow in order to buy profitable customers today, try to keep in mind that cash today will make a payroll tomorrow.
3. Network, Network, Network
You might hate it, you might like it, regardless, do it. Relationships are key.
4. Have Complete Faith
Denial is an enemy and the worst for that matter. Look for flaws in your work and if there are any, correct them effective immediately. Still, you should believe in yourself before anyone else believe in you. Learn your weaknesses and compliment them by hiring talented people to do what you cannot because in the end, your business will benefit from it.
5. Customers Are the Best Advocates
Customer satisfaction should always be your number one priority regardless of whatever you are facing in the business. Actually, keep in mind that customers are your business and you are nothing without them.
6. Make Changes with Time
If you discover one winning formula, don’t stick with it forever, discover even better ways to win, sometimes you really need to up your game because competition is very stiff.
7. Don’t Quit
The last but definitely not least of the 7 old-school business rules that rock is to keep in mind that reasons to quit are simply roadblocks to success, be persistent and eventually you will get there.
