Business Success Through Risk Elimination: The Top Ten Rules of Successful Start-Ups
By Brian Davies
()
About this ebook
Entrepreneurs are made, not born. By following the best practices of entrepreneurs before you, you can learn from the best and use those techniques to insure your business success.
Brian Davies, who has created wealth with two start-up medical device companies and as a real estate investor, walks you through uncertain economic times so you can take charge of your financial future. Learn the top ten things you must do to ensure your start-up is successful, and discover how to
reduce risk with solid financial strategies;
launch a business with little or no money;
control expenses and secure credit; and
develop top-performing teams.
Its not every day that an entrepreneur who has started multiple firms, including one that was bought by a publicly traded company, opens up his playbook. Davies lays out everything, and the only thing he wants is for you to share in his success by starting something of your own.
There are key elements that all successful new business have in common. These tips can help you take charge of your life, grow your business, and transform your financial future with Business Success through Risk Elimination.
Brian Davies
Part One: The History (What do we know?) This brief historical introduction to Aquinas assesses his impact on the world as it was at the time and outlines the key ideas and values connected with him. It explores the social, political and religious factors that formed the context of his life and writings, and considers how those factors affected the way he was initially received. Part Two: The Legacy (Why does it matter?) This second part surveys the intellectual and cultural ‘afterlife’ of Aquinas, exploring the ways in which his impact has lasted. Why does he continue to be so influential, and what aspects of his legacy are likely to endure beyond today and into the future? The book has a brief chronology at the front plus a glossary of key terms and a list of further reading at the back. Contents: Preface Chronology Part One: The History 1. Who Was Aquinas? 2. Some Basic Words and Concepts 3. Why Believe in God? 4. What is God? 5. The Christian God 6. Human Beings Part Two: The Legacy 7. From the Time of Aquinas to the Twenty-First Century 8. Thinking About Aquinas Today Glossary of Key Terms Notes Further Reading Index
Read more from Brian Davies
Land of Lead Rating: 0 out of 5 stars0 ratings
Related to Business Success Through Risk Elimination
Related ebooks
Real Estate Investing 101: Best New Short Sale Solutions, Top 10 Tips Rating: 0 out of 5 stars0 ratingsThe Law Of Diminishing Returns Rating: 0 out of 5 stars0 ratingsGet An Online MBA In A Week: Cheap & Affordable Ivy League Education Programs Online for Litte or No Cost Rating: 0 out of 5 stars0 ratingsThe Rich Game & What Poor People Do That Rich People Don’t (2 Book Set) Rating: 0 out of 5 stars0 ratingsWarren Buffett: Learn the Best Leadership Lessons for Entrepreneurs from Buffett Rating: 0 out of 5 stars0 ratingsThe Customer Rules: The 14 Indispensible, Irrefutable, and Indisputable Qualities of the Greatest Service Companies in the World Rating: 0 out of 5 stars0 ratingsTrade working capital Complete Self-Assessment Guide Rating: 0 out of 5 stars0 ratingsJust Because You Can Doesn't Mean You Should: <Br><Br><Br><Br><Br><Br>Keys to a Successful Life Rating: 0 out of 5 stars0 ratingsCoaching for Innovation: Tools and Techniques for Encouraging New Ideas in the Workplace Rating: 4 out of 5 stars4/5Leadership Risk: A Guide for Private Equity and Strategic Investors Rating: 0 out of 5 stars0 ratingsSummary of Robert T. Kiyosaki & Donald J. Trump's Midas Touch Rating: 0 out of 5 stars0 ratingsManagement due diligence Standard Requirements Rating: 0 out of 5 stars0 ratingsFrom Rental Property To Money Bags: An In-Depth Guide To Passive Income & Laughing On The Way To The Bank Rating: 0 out of 5 stars0 ratingsThe Innovative Seller: Keeping Pace in an AI and Customer-Centric World Rating: 0 out of 5 stars0 ratingsENJOY IT: Business Succession & Exit Planning Rating: 0 out of 5 stars0 ratingsAll Good Things: Building Wealth For My Clients Rating: 0 out of 5 stars0 ratingsAccounting 101 Rating: 0 out of 5 stars0 ratingsInvesting Like a Wall Street Deadbeat Rating: 3 out of 5 stars3/5Become a Better Leader in 30 Days Rating: 0 out of 5 stars0 ratingsFired Up Women: An Entrepreneur's Guide in Leading an Independent Sales Consulting Business Rating: 0 out of 5 stars0 ratingsBuilding, Leading, and Managing Strategic Alliances Rating: 0 out of 5 stars0 ratingsSacred Shelter: 13 Journeys of Homelessness and Healing Rating: 0 out of 5 stars0 ratingsEnvision You Self: First Series, #1 Rating: 0 out of 5 stars0 ratingsWhat Successful Accountancy Owners Won't Tell You Rating: 0 out of 5 stars0 ratingsThe Professional Business Video-Conferencing Etiquette Handbook & Guide Rating: 0 out of 5 stars0 ratingsIntegrative Advisory Services: Expanding Your Accounting Services Beyond the Cloud Rating: 0 out of 5 stars0 ratingsEarned media A Complete Guide Rating: 0 out of 5 stars0 ratingsAccounting Revolution: How To Instantly Connect With Your Clients In a Way That Makes You Money Rating: 0 out of 5 stars0 ratings
Small Business & Entrepreneurs For You
Starting a Business All-In-One For Dummies Rating: 4 out of 5 stars4/5Dream Big: Know What You Want, Why You Want It, and What You’re Going to Do About It Rating: 4 out of 5 stars4/5The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime Rating: 5 out of 5 stars5/5Summary of Timothy Ferriss' book: The 4-Hour Workweek: More time, more money, more life: Summary Rating: 5 out of 5 stars5/5How to Think Bigger: Aim Higher, Get More Motivated, and Accomplish Big Things Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Small Business For Dummies Rating: 4 out of 5 stars4/5The Ultimate Side Hustle Book: 450 Moneymaking Ideas for the Gig Economy Rating: 4 out of 5 stars4/5The Start Your Own Business Bible: 501 New Ventures You Can Launch Today Rating: 4 out of 5 stars4/5The Side Hustle: How to Turn Your Spare Time into $1000 a Month or More Rating: 4 out of 5 stars4/5The Freedom Shortcut: How Anyone Can Generate True Passive Income Online, Escape the 9-5, and Live Anywhere Rating: 5 out of 5 stars5/5Bookkeeping: An Essential Guide to Bookkeeping for Beginners along with Basic Accounting Principles Rating: 4 out of 5 stars4/5Bending Reality: How to Make the Impossible Probable Rating: 5 out of 5 stars5/5Never Get a "Real" Job: How to Dump Your Boss, Build a Business and Not Go Broke Rating: 4 out of 5 stars4/5The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It Rating: 4 out of 5 stars4/5How to Open & Operate a Financially Successful Notary Business Rating: 4 out of 5 stars4/5Creative, Inc.: The Ultimate Guide to Running a Successful Freelance Business Rating: 4 out of 5 stars4/5The Bitcoin Standard: The Decentralized Alternative to Central Banking Rating: 4 out of 5 stars4/5Feck Perfuction: Dangerous Ideas on the Business of Life Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5HBR Guide to Buying a Small Business (HBR Guide Series) Rating: 5 out of 5 stars5/5Wealthology: The Science of Smashing Money Blocks Rating: 3 out of 5 stars3/5The Everything Nonprofit Toolkit: The all-in-one resource for establishing a nonprofit that will grow, thrive, and succeed Rating: 0 out of 5 stars0 ratingsBecoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys Rating: 5 out of 5 stars5/5The Whole Body Entrepreneur: A Physical and Emotional Self-Care Bootcamp Rating: 5 out of 5 stars5/5
Reviews for Business Success Through Risk Elimination
0 ratings0 reviews
Book preview
Business Success Through Risk Elimination - Brian Davies
Copyright © 2010, 2013 by Brian Davies.
All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.
iUniverse books may be ordered through booksellers or by contacting:
iUniverse
1663 Liberty Drive
Bloomington, IN 47403
www.iuniverse.com
1-800-Authors (1-800-288-4677)
Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.
Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.
Certain stock imagery © Thinkstock.
ISBN: 978-1-4759-7143-9 (sc)
ISBN: 978-1-4759-7145-3 (hc)
ISBN: 978-1-4759-7144-6 (ebk)
iUniverse rev. date: 02/13/2013
CONTENTS
Introduction
Part One: Finance
Rule #10 Equity Financing: A Step Toward Start-Up Success
Rule #9 Line Of Credit: Your Safety Net
Rule #8 Accurate Financial Models
Rule #7 Controlling Expenses: A Crucial Step
Rule #6 Sales: The Key To Success
Part Two Management And Planning
Rule #5 The Sales And Marketing Plan
Rule #4 Business Ethics And Integrity
Rule #3 Roles And Responsibilities
Rule #2 Your Area Of Experience And Expertise
Rule #1 Success Through Determination
Afterword
Glossary
Bibliography
About The Author
INTRODUCTION
Starting a business does not have to be risky.
Let me repeat that: starting a business does not have to be risky. This book will show you how to minimize the risk of starting a business by learning the specific techniques that successful entrepreneurs use. You will see how to manage risk so that you have the confidence needed to make the leap from employee to business owner. Once you learn to manage risk, you can virtually eliminate it.
There is no magic to starting a successful start-up business. It is hard but doable. Based on my experience, there are very specific traits that nearly all successful start-up companies have in common. The presence or lack of these ten traits marks the distinction between successful start-up companies and those that end in bankruptcy. If you can successfully manifest these ten traits, you will virtually guarantee your start-up business success.
Entrepreneurs put their money into a project or a business and risk losing everything. This book will show you that risk can be controlled and dramatically reduced. You can control this risk by learning from those who went before you, by learning what works and what doesn’t. Starting a business shouldn’t be like a Hail Mary pass in football. Rather it is a calculated risk and managed risk. With the proper planning and education, you can significantly improve your chances for having a successful start-up business.
According to the Small Business Administration, more than fifty percent of all start-up business fail within the first five years of operation. You can and should use the experiences of entrepreneurs before you to help you avoid this fate. Since untold numbers of people have traveled down the same business road you are about to travel down, why shouldn’t you learn from their successes and failures? You can minimize your risk by letting their experiences guide you. Why reinvent the wheel? Throughout this book, I have inserted real-life examples from my own experience and the experiences of some of my entrepreneurial colleagues. Take the best practices from start-up successes and avoid the pitfalls of start-up failures.
In 1995 my partner and I incorporated a start-up manufacturing business in the medical device market. We sold the business in 2006 to a large publicly traded company, the Brady Corporation (NYSE: BRC). Throughout these ten years we had some great successes and some major setbacks. For example, one of our first setbacks came shortly after we launched when our initial sales forecast was based on a sales plan that did not work out. The problem was that we did not have a back-up sales plan. So now I recommend building your sales plan based on your most accurate projections, but you also need a fall back plan, or Plan B, if your primary plan does not work out. My hope is that you will use the lessons of business owners with successful start-ups and learn from our successes and failures.
By reading this book, you’ll gain valuable insight into distinctions that can help to make your start-up venture a success. These distinctions are a top ten of vital factors in your success. The Financial
part of the book focuses on financial strategies, and you’ll learn how to sensibly use equity financing, manage sales growth, control your expenses,