General Article Business success comes more from understanding life than enterprise

Topic Selected: Business Book Volume: 381

Entrepreneurs should aim to create a great company and, most of all, enjoy the job; people seldom run a business just to make money

 

By John Timpson

Q: One of my New Year’s resolutions is to do more personal development. What skills do you think a small business owner with 25 employees should focus on?

A: By building a company that employs 25 people, you have graduated from the best business school in the world. Inexperienced MBAs may think they are trained professional managers, but the real pros are those who learn the lessons of experience by running their own enterprises.

Start by writing down why you have been successful, listing how and why you make money. Be honest; you probably had a few slices of luck along the way, but I expect your story will involve a good idea, some excellent colleagues and the determination to succeed.

Keep your business and life simple by understanding the key ingredients of your success. There’s no need to embrace the new world of management with it...

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