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Business strategy
What is the Most Important Business Rule?
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[QUOTE="Shaf, post: 275242, member: 25467"] I like this approach to finding out what you really need to make a business successful. At the end of the day, all of the efforts and tactics go into one final money making activity, and that is sales. You are going to either sell a product or service and if no one finds it valuable, no one will pay for it. This is one of the most overlooked aspects of business planning though. Once a business owner gets that eureka moment, they spring into production. If there is no audience, or your audience does not really need what you have its a dead end. I also like to consider planning as one of the most crucial things to a business. I am guilty of this too as I have never actually written a complete business plan. I have seen how it can lead to losses though where I currently work. Have a plan and then stick to it especially in the early days of your business. [/QUOTE]
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What is the Most Important Business Rule?
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