All great businesses start small. They become great based on certain vital principles that can be studied and mastered by business owners and entrepreneurs. Here are the 10 principles of business greatness:
1. Become a great leader. All business success begins with a great leader who has the vision and courage to imagine a new product, service or enterprise and then to pull together the people and resources to make it a reality.
2. Develop a successful business plan. Successful businesses develop and work from written business plans. They carefully analyze every detail in advance. They do not rely on luck or chance. They plan their work and then work their plan.
3. Offer a great product or service. The excellence, appropriateness and price of your product/service account for 90 percent of business success. This is the key focus of businesses that thrive and grow in any market.
4. Surround yourself with great people. The best businesses have the best people at every level. Your ability to attract, recruit, manage and motivate top people is the key to making your business successful.