I have just finished the autobiography of Theo Paphitis, entrepreneur, turnaround specialist and a regular on the BBC hit series Dragon’s Den. The book appropriately entitled Enter the Dragon (Orion Books) is a nice easy read full of nuggets for businesses.
I specially direct the reader to his 12 rules of business:
- Reduce the risk; don’t take unnecessary risks
- Don’t fool yourself; be realistic and not fanciful about your ideas
- Learn to let go; sell the business at the right time
- Cash is king
- Embrace change
- Use common sense
- Make decisions; don’t procrastinate
- Weigh up the opposition and yourself
- Start small
- Get your staff on board
- Capitalise on other people’s ideas; learn from others (legally!)
- Turn your dreams into reality