I decided to compile this based on personal experience, books have read, and the general media. Some are true, others are crazy talk, some have been proven, while a reasonable chunk of this compilation could be regarded as junk.
-Ensure you know the business of others and use the information to your very advantage. Give people a slight insight what you are up to(just so that they don't feel cold towards you), but due to the fact that a lot of people like to appear superior allow them to do all the talking.
-Experience is the best teacher(we all know that), hence don't be afraid of failure, it can only but lead to success.
-When in the process of selling the business, just keep telling the staffs and general public that you are not selling, guess it gives the confidence and keeps the motivation alive. Was reading the paper couple of weeks back, with Mohammed Al Fayed saying
Harrods store is not for sale, and all of a sudden it was sold for £1.5bn. If your company is own by shareholders, of course everybody (staffs, general public) will have to know.
-Do business in sectors that that are unregulated. The good thing is that there are no rules and ethics to worry about, but do remember it could potentially tannish your brand at a later date. For instance in the UK, peak train tickets are not regulated, hence train companies are able to push up price as much as they wish. Another example was the Investment Banks trading sythentic CDOs.
-Less is more. Keep things very simple, complicating things makes it very challenging to people and they might loose interest. Presenting complicating things in a simple way is even better.
