By sharing ideas our small businesses can survive.
1) Make the business simple and understandable, but not too simple.
2) Have a long term vision and prospect for your business.
3) Monitor the performance of your business.
4) Strengthen your Administration and record keeping skills.
5) Practice Accounting & Bookkeeping.
6) Minimize costs and maximize profits.
7) Reinvest in profitable assets.
8) Develop a risk management system and always be prepared for uncertainty.
9) Spend what is left after saving.
10) Compound profits using compound interest.
Wonderful. 😉