One of NY Report’s experts, Richard Levychin, offers 10 things thou shalt do in order to guarantee business success. Here are a few from his list:
1. Thou shalt be profitable and have cash
Cash is King. So make sure you put in place policies and procedures that keep cash flowing. These include timely invoicing, timely collection practices, and working with customers that operate with integrity (i.e., pay their bills on time).
2. Thou shalt offer a great product or service
World class companies create world class products and services, and create a wonderful buying experience. Just because you have a small company doesn’t mean you can’t be world class in how you package and present your product or service—and customers and potential customers love world class products and service. So be world class in how you present your company, your products or services, and yourself.
3. Thou shalt have accurate bookkeeping
With high end but affordable accounting software packages like QuickBooks, there is no excuse to not have accurate books. Also, if bookkeeping is not your strength, there are part-time bookkeepers available. The bottom line: to keep track of your business’ performance, you need accurate books and records.
Accountants? Attorneys? Go Tag Yourself
Our 2012 awards for the Best Accountants and Attorneys for Privately Held Companies was a big hit, and we’ve got the pictures to prove it. If you were there, check out www.facebook.com/nyreport and tag yourself in our photos.
Find Awesome Employees
Missed our last webinar on how to recruit an all-star team for your business? Don’t worry— you can watch the archive at www.nyreport.com/webinar.
NY Report’s digital edition is in full swing. To see a sample, or to sign up (it’s free!) head to www.nyreport.com/digital.
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