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Paperback
234 Pages
234 Pages
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21.59 x 13.97 x 1.25
21.59 x 13.97 x 1.25
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COMPREHENSIVE, HARD-WON, NO-NONSENSE ADVICE
100 Rules for Entrepreneurs covers every aspect of business from the entrepreneur's point of view. Unlike other guides it avoids mere theorising. Instead, everything is tackled in light of the realities of business in the 21st century, and through the lens of serious entrepreneurial experience. The rise of regulations, the impact of competition and the growth of globalisation means that start-ups have to be more flexible and robust than ever before in order to prevail. Mindful of this, Neil Lewis provides practical and original advice on:
GRITTY WISDOM
Accessible and memorable - counterintuitive at times, at times reassuringly simple; refreshingly realistic throughout - 100 Rules is the ultimate companion for today's entrepreneur. It is the direct and hard-earned wisdom of an entrepreneur who has seen it all: the giddying heights of reaching a £12m valuation in eight years from a simple start in a back bedroom with a computer and £2,000; the dizzying descent of losing it all in two, and the work required to pick up and start, successfully, again.
About the Author
Neil Lewis is a media entrepreneur and business leader based in the North West of England. A partner in MediaModo and the driving force behind new digital magazines, business events and entrepreneur accreditation assessments, Neil has over 22 years experience in publishing and business investment.
His specialist skills include business strategy, online publishing and media plus business investment and start-ups. Neil regularly speaks at university and entrepreneurial networking events where he shares what he has learnt from his experiences. MediaModo offer recently won a North West Development Agency grant to develop a new entrepreneurial accreditation scheme that will revolutionise the way investors and entrepreneurs work together.
100 Rules for Entrepreneurs covers every aspect of business from the entrepreneur's point of view. Unlike other guides it avoids mere theorising. Instead, everything is tackled in light of the realities of business in the 21st century, and through the lens of serious entrepreneurial experience. The rise of regulations, the impact of competition and the growth of globalisation means that start-ups have to be more flexible and robust than ever before in order to prevail. Mindful of this, Neil Lewis provides practical and original advice on:
- how to properly measure profit - and what a really sustainable business looks like (and how it can be grown)
- how to handle recruitment - and not only why freelance is the future, but how best to take advantage of it
- how to manage your management team, set effective goals for your business and prevent the rot from setting in
- the best time to sell your business (and how best to do it).
GRITTY WISDOM
Accessible and memorable - counterintuitive at times, at times reassuringly simple; refreshingly realistic throughout - 100 Rules is the ultimate companion for today's entrepreneur. It is the direct and hard-earned wisdom of an entrepreneur who has seen it all: the giddying heights of reaching a £12m valuation in eight years from a simple start in a back bedroom with a computer and £2,000; the dizzying descent of losing it all in two, and the work required to pick up and start, successfully, again.
About the Author
Neil Lewis is a media entrepreneur and business leader based in the North West of England. A partner in MediaModo and the driving force behind new digital magazines, business events and entrepreneur accreditation assessments, Neil has over 22 years experience in publishing and business investment.
His specialist skills include business strategy, online publishing and media plus business investment and start-ups. Neil regularly speaks at university and entrepreneurial networking events where he shares what he has learnt from his experiences. MediaModo offer recently won a North West Development Agency grant to develop a new entrepreneurial accreditation scheme that will revolutionise the way investors and entrepreneurs work together.
About the Author | p. ix |
Acknowledgements | p. xi |
Introduction: 15 Principles of Successful Entrepreneurs | p. xiii |
The Rules | p. 1 |
Just do it… | p. 3 |
Learn from your mistakes | p. 5 |
Never blame the market | p. 7 |
Take care of yourself | p. 8 |
Know yourself | p. 9 |
Measure success properly | p. 13 |
Sharpen the saw | p. 16 |
Make your passion your business | p. 19 |
Nothing but the truth - and quick | p. 21 |
Don't pin your hopes on a premature retirement | p. 22 |
Never work to 'save jobs' | p. 24 |
Avoid the 'we've just got to survive the recession' fallacy | p. 25 |
Proper profit is profit margin | p. 27 |
The second goal of business is sustainability | p. 29 |
How to set a business-sale goal | p. 32 |
Run the business for dividends (shareholder profit) | p. 35 |
Use the dividend cash flow to value your business | p. 38 |
Focus on cash-flow forecasts | p. 39 |
Check your bank balance daily | p. 40 |
Don't do guilt | p. 41 |
Beg, borrow and barter | p. 42 |
Use win/win negotiation | p. 43 |
Deliver your promises up-front | p. 46 |
Keep collaborating | p. 48 |
Run a 'to-stop' list | p. 49 |
Freelance is best | p. 51 |
Hire freelancers correctly | p. 53 |
Constantly question whether you have the right people in the right roles | p. 55 |
Hire better than you need | p. 57 |
Grow only as fast as your resources allow | p. 62 |
Hire hunger (humble and hardworking), not the best (proud and expensive) | p. 65 |
Pay the right price for the person | p. 66 |
Never over-promote | p. 68 |
Meet the spouse for senior roles | p. 70 |
Use references early in recruitment | p. 71 |
Avoid job titles | p. 73 |
Pay recruitment fees on 'success' | p. 75 |
Keep new roles temporary | p. 77 |
Quality team equals low stress levels | p. 79 |
When staff leave, let them go without a fight | p. 80 |
Commit to excellence - fire the 'good' | p. 82 |
Measure team performance | p. 86 |
Three months never says it all | p. 90 |
Managers and recruitment | p. 91 |
Making the KPIs solid | p. 93 |
Poor performers get fired - not made redundant | p. 96 |
Deal with personnel problems immediately | p. 98 |
Use great questions to tease out performance | p. 100 |
Promote anyone who makes their job redundant | p. 101 |
100% management support - all the time | p. 102 |
Know employees by their fruits | p. 103 |
Do away with formal meetings | p. 104 |
The team is the hero | p. 105 |
Have a wise head on hand | p. 106 |
Reward long-term value creation | p. 107 |
Be wary of bonuses? | p. 115 |
Use profit-share bonuses | p. 116 |
Pay out some profits as dividends for directors | p. 118 |
Keep two accounts | p. 120 |
Pride goes before a fall | p. 121 |
Don't diversify to escape trouble | p. 122 |
Let go - faster | p. 124 |
Letting others have a go will help them develop greatness | p. 125 |
Eliminate puff | p. 126 |
Build your brand | p. 128 |
Protect your brand and IP | p. 130 |
Product = brand = product = brand | p. 132 |
Establish clear ownership of code, content and process | p. 133 |
Own your clients | p. 134 |
Refocus your brand - regularly | p. 135 |
Measure resolutions as well as complaints | p. 136 |
Rattle the cage to maintain excellence | p. 138 |
Know your source of world-class business excellence | p. 139 |
Know your business's economic engine | p. 141 |
Ideas are cheap - unless they are patentable | p. 142 |
Live above the shop | p. 146 |
Remember the risk to your reputation | p. 147 |
Put it in writing - and make sure you sign it | p. 149 |
Never let tax drive your decision making | p. 155 |
Someone has already solved your problem | p. 157 |
Put business before technology | p. 161 |
Control credit | p. 164 |
Tough decisions are the right ones | p. 165 |
Plan your exit from your business | p. 166 |
Avoid management and board meetings | p. 170 |
Use the envelope test | p. 175 |
Marketing comes first, design second | p. 176 |
Set in place a feedback loop | p. 180 |
Solve problems with three-way conversations | p. 182 |
Avoid shareholders | p. 184 |
Never let family be shareholders | p. 186 |
Debt is like a disease | p. 190 |
Build a strong non-exec team - prudently | p. 193 |
Understand the three stages of a business | p. 194 |
No share options | p. 197 |
Let yourself be ousted - at the right price | p. 199 |
Cease trading before it is too late | p. 201 |
Choose the right opportunity | p. 210 |
Business comes, business goes - you'll always be an entrepreneur | p. 213 |
Postscript | p. 215 |
Table of Contents provided by Ingram. All Rights Reserved. |
ISBN: 9780857190277
ISBN-10: 085719027X
Series: Harriman Business Essentials
Published: 25th October 2010
Format: Paperback
Language: English
Number of Pages: 234
Audience: General Adult
Publisher: Harriman House Ltd - IPS
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97 x 1.25
Weight (kg): 0.28
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