Street Smart

posted Jan 4, 2012, 3:38 AM by Ethan Back   [ updated Feb 27, 2012, 12:46 AM ]
Street Smart by  Brodsky and Burlingham;-

Street Smarts: An All-Purpose Tool Kit for Entrepreneurs

Ten Commandments of Business
  1. Numbers run a business. If you don't know how to read them, you are flying blind
  2. Cash is hard to get and easy to spend. Make it before you spend it
  3. Don't focus on the top line. Gross margin is the most important number on the income statement
  4. As sale isn't a sale until you collect
  5. when your short-term liabilities exceed your short-term assets, you are bankrupt
  6. Forget about shortcuts. Run a business as if it is forever
  7. Identify your true competitors, and treat them with respect
  8. You have no friends in business, only associates
  9. Culture drives a company. In the long run, the boss's most important job is to define and enforce it
  10. The life plan has to come before the business plan
# 2, 4, 8, and 10 are mean to me.

(c) SIX (Startup Ideas eXchange)