Is there a secret to success? The beginning entrepreneur would surely hope so, but it’s not quite the case. Actually, a study performed by the Harvard Business School — The Evergreen Project — found it “doesn’t matter what you do.” The study uncovered that successful companies all employed the same management practices.
These practices included (and I paraphrase):
- The development and maintenance of flawless operational strategies
- Clearly defined strategies and a thorough understanding of your ideal client
- Nurturing employees and holding them to high standards of performance
- Simplification of the business management levels aka bureaucracy
- Hiring talented employees and helping them develop those talents even further
- Being innovative and keeping up with trends
- Being a great leader
Check this list and see how many of the practices you’re employing in your business.