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Rich Walinsky - Tips for the First-Time Business Owner

If you are new in business then this presentation is for you. In this presentation you will learn about entrepreneurship, How to act and how to do.

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Rich Walinsky - Tips for the First-Time Business Owner

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  1. Rich WalinskyTips for the First-TimeBusiness Owner

  2. Focus. Focus. Focus. • Don't Jump at every opportunity. • Avoid getting side-tracked. • Do one thing perfectly.

  3. Know what you do. Do what you know. • Don't start a business simply because it boasts large hypothetical profit margins and returns. • Do what you love • If your heart isn't in it, you will not be successful.

  4. Know what you know, what you don't know • Don't act like you know everything. • Surround yourself with advisors and mentors who will nurture you to become a better leader and businessman. • Find successful, knowledgeable individuals.

  5. Act like a startup • Forget about fancy offices, fast cars and fat expense accounts. • Watch every dollar and triple-check every expense. • Maintain a low overhead and manage your cash flow effectively.

  6. Know when to call it quits. • Know when it's time to walk away • Assess what you would have done differently. • Failure is inevitable, but a true entrepreneur will prevail over adversity.

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