What is the best business advice you've ever received?

[bigmen]

costumers ar always rite

[mondort]

When we fail, stand up and learn, and when we fail again, stand up and learn again. Keep doing it until we succeed.

[Nordstrom]

To start a business you have to be brave - to succeed you have to have patience.

[williecity]

well, not necessarily the best, but use facebook ads it is better than many

[richardshaw]

I was advised never to go in for government grants as they never come easy

[SweetBody]

Keep Going forward.

[flyfish]

up,come on

[munash]

Persistence = millions of dollars

[munash]

winners do things differently, not different things

[customtshirts]

The best business advice I have "Be careful with your employees, treat them like your family"

[donnorman]

I have two which pulled me through this recession ond got me over the 5 year hump. My business was almost lost Jan. 1st. But because of almost psycopathic dedication it has grown steadily every month this year.

The 80/20 rule. 20% of your products or services will always result in 80% of your income. When things went in to the toilet, I reduced my inventory to the 20% most popular (perfumes) and this let me buy in larger bulk, ie. bigger discount. We were able to convert most customers to buy something we had rather than go elsewhere for the brand they came in looking for. And by buying in bulk we almost doubled our profit on each sale.

¨It´s not what you earn, but what you keep¨ This is suposed to refer to personal savings, but in this recession I cut back on my personal spending as much as humanly possible, leaving me to ¨keep¨ more money in the business. Instead of reinvesting 60% of sales I have been reinvesting more like 80% this year.

[rillida]

Hi !

If you are a businessman, you find that every other person you meet has some advice for you and your business.
My business is all about public dealing so, i come across such advices daily.
But with time you understand that all advices are important in one way or the other but ultimately one should only do what is good for business in financial terms.
As, you are into that particular business for profit.
This advice was given by one of my close friends who is at the top in the business he is in.

[Jenna]

The best way to earn money is the online paid survey. You can earn money through your filling in paid surveys. All you have to do is to be considerate and honest to a product or service because companies look for honest feedback.

[vivianrollins]

The best business advice I was given is to give something to get something. This applies to life as well.

[ldp2009]

If you market it, they will come.