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Strategies: 10 rules for small business success [USA Today]

Dealing with all these different types of small businesses, I’ve learned certain realities always apply. I call these “Rhonda’s Rules.” These rules are keys to small business success. Ignore these rules at your peril: I’ve seen many new entrepreneurs fail because they ignored one or more of these business basics.

Here are 10 of the most important “Rhonda’s Rules” for small business success:

  1. Go small to grow big
  2. Take care of your bread-and-butter business
  3. “Make sure the dog will eat the dog food.” …no matter how good your ideas appear to be, you have to make certain you’ve got a product or service that customers really want.
  4. You can’t reach a goal you haven’t set
  5. Clearly define your target market.
  6. Build one business at a time.
  7. It’s easier to get a piece of an existing market than to create a new one.
  8. Things take longer and cost more than planned
  9. People don’t read
  10. People do business with other people.

Read More: Strategies: 10 rules for small business success [USA Today]

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Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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