There is no reason to follow preset rules but it is not a bad idea to also consider them. Most times, these written rules may not even work for all types of businesses that is if they work at all.
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There are tons of it in the internet and they have really helped many people succeed in their business. I have heard of rich Dad poor Dad book , I think you should check it outI checked the internet to see if there is any article or written textbook that state rules to be successful as a business owner. Something like a startup rule book. And rule #001 in the startup rulebook says that all founders must quit their jobs and work for free. Funny!
The dynamics of business makes it impossible to have such rules. You have to do what’s right for your situation
Have you seen any preset rules to be a successful business owner?
If the preset rules are the standard of the business industry then I guess there is nothing wrong. One example is the rule in cash flow that you need to have at least 50% of cash on hand for the spending needs of the business. Another rule is the diplomatic approach to the customer. Those rules are good to follow.Following a pre set rule is good for a business man to follow to have a successful business but i believe you have to set your own pre set rules and aims to follow so that you can be succesfull.
Yes. Different business of different sector will have their own rules and regulations. The rules, must be clearly read and understood by the business owner so that in future no such conflict arises.You can not follow a normal business rule for you to succeed because every business has their own rules that is required for the success of the business,you need to know your business and understand the rules you must take for its success
Ok I understand,are some businesses that do not need a rule to succeed and example of such business could be running of health Care centre, what type of an agreement should we make in this type of business ?Yes. Different business of different sector will have their own rules and regulations. The rules, must be clearly read and understood by the business owner so that in future no such conflict arises.
Very true, and in most places what actually attracts people to your business could be your originality and how uniquely different it is from other setups with similar services.Im sure everybody will agree that there is no sure way to success, agreed there might be some unwritten rule you gave to follow that will guarantee success. However, we can only try out best and place ourselves in the best possible position.
I agree, there are peculiarities to every business, and just like you said it might be what separates you from the competition.Very true, and in most places what actually attracts people to your business could be your originality and how uniquely different it is from other setups with similar services.