Before I quote any thing about the tips to a successful business let me narrate a small story to you. The story goes like this. There was a trader who used to deal in the business of selling wood to the other cities. No doubt he was loaded up with riches because trading in the wood was one of the most beneficial trades of those times. For this trade he had some woodcutters employed who used to cut trees and bring wood from a nearby forest. Every woodcutter used to get $5 per log of wood that means $5per tree. A woodcutter amongst them named Stuart was the best who used to cut 20 trees a day while the others somehow managed to cut 10. One day another woodcutter amongst them named Richard approached Stuart who was quite staggered by his work and was also very inquisitive as to from where does he bring such stamina to cut as many as 20 trees. He asked the same to Stuart. Stuart gave a bright smile and asked Richard, “Friend tell me a thing, how often do you sharpen your axe in between cutting the trees?” Richard answered, “Twice a day, but why? “ Stuart said, “There you are buddy. You have made your answer obvious yourself. I sharpen my axe after cutting every second tree. Result is cutting of the tree in a quicker and better way which reduces the excess use of labor. The case is with you that you sharpen your axe only twice. Consequently you end up cutting 10 trees a day and less remuneration a day. Go and try it friend. This method would really work wonders for you.” Richard thanked Stuart and
went back to his work. He applied the same technique and he found himself to be more successful day by day.
By now you must have got to know that on what I’m trying to focus. Yes it is not about how many trees one cuts but in what way he utilizes his tools and techniques in order to ensure greater efficiency. The forthcoming description would revolve around the dos and don’ts for running a successful business or an entrepreneurship.
Making a Good Start to Run a Successful Business in Future:
It is very crucial to start up a business. Moreover one needs to make wise decisions right from the beginning in order to reduce hassles in future. The coming up points would outline as to what all requirements one needs to fulfill while starting a business:
• Get enough money collected before starting an entrepreneurship to finance all the factors as you may need it over and over especially in the starting years.

• Try to start a business on a smaller scale. Don’t start off by making the mistake of employing too many employees in the beginning. Do not even take a big building to start your business. You would find yourself loaded with debts if you don’t gain in the starting years.
• Safeguard your private property. It is a common practice that creditors target your personal assets if you are unable to pay through your income out of the business. Therefore having enough money to avoid taking loans proves to be a better idea.
• Analyze as to what will be your forth coming step if you make a profit or incur a loss.
• Have a plan ready for yourself prior to starting the business.
• Avoid oral agreements and stress on written agreements in your business.
Dos and Dont's after Starting a Business and Running it successfully:
The basic dos and dont's are listed in the following manner for running a successful business:
• Have a thorough knowledge of your customer.
• Try to maintain healthy customer relationship.
• Convince your customer that he can depend upon you for a project to be co
mpleted and can count upon you.
• Maintain a level of privacy between you and your customer.
• Safeguard your customer’s interest.
• Say yes to only those projects which fall within the limits of your capacity.
• It is better to tell the customers that your hectic schedule does not permit you to work on an additional project rather than bluntly saying a “No”.
• Apologize if you are late with your deliveries.
Finally what can be concluded is that a successful business requires lot of labor and creativity. No amount of tips can make one successful. The success or failure depends a lot upon the vision and decision making skills of an entrepreneur.
By now you must have got to know that on what I’m trying to focus. Yes it is not about how many trees one cuts but in what way he utilizes his tools and techniques in order to ensure greater efficiency. The forthcoming description would revolve around the dos and don’ts for running a successful business or an entrepreneurship.
Making a Good Start to Run a Successful Business in Future:
It is very crucial to start up a business. Moreover one needs to make wise decisions right from the beginning in order to reduce hassles in future. The coming up points would outline as to what all requirements one needs to fulfill while starting a business:
• Get enough money collected before starting an entrepreneurship to finance all the factors as you may need it over and over especially in the starting years.
• Try to start a business on a smaller scale. Don’t start off by making the mistake of employing too many employees in the beginning. Do not even take a big building to start your business. You would find yourself loaded with debts if you don’t gain in the starting years.
• Safeguard your private property. It is a common practice that creditors target your personal assets if you are unable to pay through your income out of the business. Therefore having enough money to avoid taking loans proves to be a better idea.
• Analyze as to what will be your forth coming step if you make a profit or incur a loss.
• Have a plan ready for yourself prior to starting the business.
• Avoid oral agreements and stress on written agreements in your business.
Dos and Dont's after Starting a Business and Running it successfully:
The basic dos and dont's are listed in the following manner for running a successful business:
• Have a thorough knowledge of your customer.
• Try to maintain healthy customer relationship.
• Convince your customer that he can depend upon you for a project to be co
• Maintain a level of privacy between you and your customer.
• Safeguard your customer’s interest.
• Say yes to only those projects which fall within the limits of your capacity.
• It is better to tell the customers that your hectic schedule does not permit you to work on an additional project rather than bluntly saying a “No”.
• Apologize if you are late with your deliveries.
Finally what can be concluded is that a successful business requires lot of labor and creativity. No amount of tips can make one successful. The success or failure depends a lot upon the vision and decision making skills of an entrepreneur.


