Melinda Emerson is the author of Become Your Own Boss in 12 Months, and she offers up advice to small business owners and entrepreneurs via #Smallbizchat on Twitter. So she's a bit of an evangelist for entrepreneurship. And she has found there are seven core principles for successful small business owners. In other words, she finds that successful small business leaders have:
An entrepreneurial mindset,
Strict fiscal discipline,
A kitchen cabinet of advisors,
A defined brand,
A niche market,
Excellent customer service,
and
Cash position and a good banking relationship.
Read Emerson's analysis of these key principles at Small Business Trends, here.
Posted
05-03-2011 8:44 AM
by
Graham Griffith