THE TEN GOLDEN RULES FOR ENTREPRENEURS

Rule 1: Have a visionYour vision is your destination. You’ll need a map to help you reach that destination, which will be made up of goals and results. The vision is the vital part, otherwise you won’t know where you’re heading and your goals will be irrelevant.

Rule 2: Use your influenceAll businesses need business partners to grow. Tycoons know the importance of filling

the gaps and weaknesses in their own skill set or business idea, by finding the parts of the jigsaw puzzle to create the best chance of success.

Rule 3: Build your confidenceIf you don't believe in yourself or your idea, why should anyone else? Gain confidence through gaining experience, skills and knowledge. Change your perception of failure to realise that it gives you useful feedback. Feedback provides essential learning to help know what not to do the next time.

Rule 4: Make a commitmentCommitting to follow through once a decision is made is an invaluable ally on your road to success. Be prepared to work hard and make sacrifices. Commit to a common goal and make it happen, but commit to yourself and your health too.

Rule 5: Aim for resultsTycoons make things happen. They’re driven by results. Planning for your success is as important as achieving success. You need to know exactly how you got there so your success can be duplicated, scaled up and multiplied, and it's that which turns an entrepreneur into a tycoon.

Rule 6: Take actionAction is the bridge between your vision and results. Action involves figuring out how to get from where you are now to where you want to be. Without action there would be no results.

Rule 7: TimingAnticipating the changing needs of the market and partners is crucial. Timing when to enter a market or not will help you to optimise success, as will knowing the right time and circumstances to start your business.

Rule 8: PerseveranceTycoons go the extra mile. Perseverance, sheer determination and tenacity are core 

characteristics of the mindset of a tycoon. Successful entrepreneurs battle against all the odds to build their business and always appreciate when it’s time to get out. Try to have flexibility to work outside your own comfort zones in order to bring your dreams to fruition.

Rule 9: Be caringRelationships with people are key. Business and personal relationships should be cherished. Treat people how you yourself would want to be treated. Always remember that people are the lifeblood and engine room of any business.

Rule 10: Use your intuitionListen to your instincts. They can protect you from making poor business decisions and guide you down the right path.