25 Rules of Thumb
By practicing correct business principles, you can grow your own successful business. The 25 Rules of Thumb are some of the core principles that are taught in the Academy’s programs. We hope they help you as much as they have helped our graduates.
Introduction
1. Start Small; Think Big
2. Sell What People Will Buy
3. Focus, Focus, Focus
4. Use Suggestive Selling
5. Keep Your Personal Money & Your Business Money Separate
6. Pay Yourself a Livable Salary
7. Keep Good Records
8. Turn Your Inventory Often
9. Don't Eat Your Inventory
10. Continually Look for Improvement
11. Buy Low; Sell High
12. Inspect More, Assume Less
13. Be Nice Later
14. Work On Your Business 10 Hours a Day
15. Make a Profit Every Day
16. Value Your Customers
17. Hire Slow; Fire Fast
18. Work On Your Business, Not Just In Your Business
19. Buy on Credit; Sell for Cash
20. Use Multiple Suppliers to Get the Best Price
21. Purchase in Bulk
22. Have Written Agreements
23. Increase Sales; Decrease Costs
24. Daily & Weekly Business Goals
25. Make Your Business Different from Others
