I spent a day last week with 15 entrepreneurs and we shared best practices for our businesses. I thought I would share a few:
• Test assumptions
• Keep people up to date with what you are doing both professionally and personally
• Understand motivations of reactions
• One person writes the checks, one person signs the checks, one person reconciles
• Compensation = Metrics
• Do a 360-degree review of employees
• Start projects with project briefs and checklists
• Personal follow-up with clients
• Research and pre-plan all projects
• Make money before you spend it
• Always be building relationships
• Stay on top of technology
Now… can you guess which practices came from the girls in the group?