Saturday 26 July 2008

Twenty Habits of the World's Most Valuable Businesses

1. Operate in a large or growth market.
2. Have unique, timely products.
3. Sell only leveraged products ( i.e. not selling time ).
4. Have residual income.
5. Have great systems.
6. Great customer service.
7. Powerful brands.
8. Not dependent on any one person.
9. Usually first in the market place or a market leader
10. Attracts the best and brightest people.
11. Reward based on performance not longevity/time.
12. Have high margins.
13. Have few real competitors.
14. Keep innovating, with a flow of new products and services
15. Have an investor entry and exit strategy.
16. Have a big customer database.
17. Have great marketing.
18. Anticipates customers' needs.
19. Always adds values to customers' experience.
20. Educate before they sell.

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