Words of wisdom that can help in any business

James Altucher has published a nice article on TechCrunch for first time entrepreneurs.  The wisdom in this article would be useful for any one in business.  Here is an excerpt...read the rest on Techcrunch

  • Don't hire anyone...Only hire people when you are absolutely desperate for more hands. And then start with freelancers. So you can fire them right away....
  • Keep the cash. ... keep cash in the bank. ...You don't need a secretary until you have at least five, paying, profitable customers, if ever.  
  • Get a customer. ...Don't even start your business unless you have a customer.
  • Get a customer, part II. ...Do whatever it takes to get one paying customer...
  • Over-promise and over deliver for every customer. But only the first time. ...
  • ...Followup. ...If you have a potential client, move it from the phone to the meeting, to dinner as quickly as possible. Dinner seals the deal. Pick up the tab. ...
  • Once they are a client, make them a partner. ...The best new customers are your old customers. The second best new customers are your old customers' friends.
  • In all of your spare time, do favors for your clients. ...(tap into) ... their networks...
  • Fire immediately any employee with a negative attitude. ...

Published on TechCrunch

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