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The Ten Commandments of Business #165631
07/01/07 08:58 PM
07/01/07 08:58 PM
B
bot540  Offline OP
Member
Joined: Sep 2004
Posts: 174
Vernon Hills, IL
I've been in business for almost 2 years now and have learned alot. I was thinking of compling a list of the top 10 to or not to do list in a business sense and wanted some input from my more experienced colleague's. one of mine would be:
Never become greedy, as I have seen it destroy more than one employer


Jesus may have been a capenter,but God was an electrician.Genesis1:3
Business, Office, Estimating, Legal:
Re: The Ten Commandments of Business [Re: bot540] #165649
07/02/07 08:22 AM
07/02/07 08:22 AM
I
ITO  Offline
Member
Joined: Nov 2006
Posts: 348
Texas
1) Keep your mouth shut, the less you say about your business to your employees, clients and supply houses, the less they have to spread around and distort.
(I have a big mouth and one of the ways I keep it shut is to come here and spout off, it gives me that outlet while keeping my business private.)
2) Don’t do work without a contract and clearly defined scope.
3) Read your contract, and be prepared to walk away from the deal if you can not negotiate a deal that will make you money.
4) Work smart and don’t take short cuts that endanger your employees or license.
5) Follow the construction process, do your submittals, RFIs and documentation for every contract job.
6) Always pay your employees and suppliers even if you don’t get paid.
7) Keep your word, don’t comp numbers, and don’t shop your quotes.
8) Make money; never forget that there are people counting on you for their living too. If you don’t make money then you are not doing it right and you will go out of business.
9) Don’t let your insurance lap, and make sure you have enough.
10) Don’t let your lean rights run out.


101° Rx = + /_\
Re: The Ten Commandments of Business [Re: bot540] #165678
07/03/07 06:00 AM
07/03/07 06:00 AM
Niko  Offline
Member
Joined: Aug 2006
Posts: 356
Campbell, CA
1.as you said dont be greedy.
2. don't over promise and under deliver. Always do the reverse
3.never be late, respect the clients time.
4.don't be CHEAP. charge for what you think is fair.
5.always look sharp.
6.don't BS the client, they know when one is BS.
7.as said before, pay your employees, your suppliers then you.
8.make sure you hire good, honest and sharp looking employees.
9.educate yourself on an ongoing bases.
10.don't try to cut corners to get clients it is not worth the money.
11.NETWORK, it is not what you it is who you know. Join a networking organization, volunteer your services, community volunteer work...


Edward.


Be kind to your neighbor, he knows where you live

Re: The Ten Commandments of Business [Re: Niko] #165679
07/03/07 06:05 AM
07/03/07 06:05 AM
M
macmikeman  Offline
Member
Joined: Jul 2002
Posts: 717
Honolulu, Hawaii
Add this, treat the ladies of the house or business your working in with respect and watch where your eyes go to.

Re: The Ten Commandments of Business [Re: macmikeman] #165681
07/03/07 07:21 AM
07/03/07 07:21 AM
G
ghost307  Offline
Member
Joined: May 2005
Posts: 959
Chicago Illinois USA
12. Never lie. You'll be found out eventually and then you're stuck with an angry customer and a bad reputation. Tell the truth even if you have to take some lumps.


Ghost307
Re: The Ten Commandments of Business [Re: ghost307] #165683
07/03/07 07:25 AM
07/03/07 07:25 AM
I
ITO  Offline
Member
Joined: Nov 2006
Posts: 348
Texas
11) Never trust MS spell checker...

"lien"


101° Rx = + /_\
Re: The Ten Commandments of Business [Re: ITO] #165688
07/03/07 10:02 AM
07/03/07 10:02 AM
I
ITO  Offline
Member
Joined: Nov 2006
Posts: 348
Texas
12) Guard your tongue and don’t tell or say anything around your bookkeeper that he does not need to know.

Last edited by ITO; 07/03/07 10:02 AM.

101° Rx = + /_\
Re: The Ten Commandments of Business [Re: ITO] #165689
07/03/07 10:31 AM
07/03/07 10:31 AM
I
ITO  Offline
Member
Joined: Nov 2006
Posts: 348
Texas
...Make your bookkeeper sign a confidentiality agreement before you hire them.


101° Rx = + /_\
Re: The Ten Commandments of Business [Re: ITO] #166225
07/16/07 07:29 AM
07/16/07 07:29 AM
I
ITO  Offline
Member
Joined: Nov 2006
Posts: 348
Texas
...oh and do a background check AND credit check before you hire you bookkeeper. Keep a PO box and have all you bills and checks mailed to it, and make sure your bookkeeper does not have a key.


101° Rx = + /_\
Re: The Ten Commandments of Business [Re: ITO] #166484
07/22/07 01:08 AM
07/22/07 01:08 AM
T
teester  Offline
Member
Joined: Jul 2007
Posts: 34
SC
13. Educate your people
14. Encourage your people
15. Brag on them when they do good, to others also.

And Ditto #10 ITO. I'm getting ready to file a lein on a neighbor of mine/employee of a customer for $600


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