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Spotlight 11/12/08 - Common Sense Laws of Business |
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Thursday, 13 November 2008 21:50 |
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An old friend of mine gave me a sheet of paper almost 15 years ago that had a few simple principles of business written on it. He called them Lee's Laws. They have really helped me along the way to look at situations and circumstances in business in the proper perspective. I hope you enjoy them to.
For a printable copy click here
Lee's Laws
1.No one is smart enough to be a dictator 2.The only real power one has is the power of persuasion 3.The less you know about something, the simpler it seems 4.Important decisions require at least one night's sleep 5.Decision made without all the facts are guesses 6.The most important thing a manager does is people picking 7.Lies are hard to remember 8.There is nothing more critical to success than openness, honesty and integrity 9.Those that don't solicit and listen to advice are destined to be unsuccessful 10.What is given cannot be taken away 11.Meddling after responsibility is delegated and accepted, provides a built in excuse for failure 12.Unwritten agreements are soon forgotten 13.Time is a good decision maker 14.You must look successful to be successful 15.Cash flow is more important than profit 16.Grow or die 17.The only people that are not making mistakes are those that are not doing anything 18.Don't bite off more than you can bite off 19.The most important and most difficult trait to identify is the ability to get things done 20.A manager with a full calendar every day isn't delegating properly 21.A full day spent in meetings is 50% wasted 22.A pat on the back is the ultimate cost effectiveness 23.A manager that takes credit for the work of the troops should be made a member of the troops 24.A manager unwilling to take risks is destined for mediocrity 25.Twenty percent of the people do eighty percent of the work 26.People that feel comfortable in their job are more productive 27.All contracts end 28.The prepared bird gets the worm 29.An unfilled position is better than one filled by the wrong person 30.The killer of the bearer of bad news quickly joins the rank of the uninformed 31.Empty your wallet to the wind or let a salesperson run a company 32.Negotiations will expand to the time allotted 33.The last person you want to fool is yourself
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