1. AFTER 25 YEARS IN BUSINESS:
10 GREAT TIPS FOR BUSINESS
OWNERS
Seggy T Segaran
Tele-Products Ltd
October 2013

2. Tip 1
Set out to deliver the best
product or service that you can.
If you get this right, then sales
and profits will follow.

3. Tip 2
Surround yourself with a great
team.
“You see further standing on the
shoulders of giants.”

4. Tip 3
Treat your suppliers with
respect.
Remember that they help you
deliver a great service to your
customers.

5. Tip 4
Don’t place all your trust in
banks.
They love to lend you an
umbrella when the sun shines
but take it away the minute it
rains.

6. Tip 5
See which bit of your marketing
is actually bringing in the sales.
If something is not working then
don’t be afraid to stop doing it.

7. Tip 6
On average, 20% of what a
company does brings in 80% of
the profits.
Constantly weed out the 80%
and grow the 20%.

8. Tip 7
Have Key Performance
Indicators (KPIs) for everything
that is important in the business.
Use this constantly to measure
the company’s health.

9. Tip 8
It's easier to get business from
existing customers than
constantly find new customers.
Build a business with a loyal
customer base.

10. Tip 9
Constantly re-invent yourself.
Never stop learning.

11. Tip 10
You are not going to be round
for ever.
Plan an escape route and make
the company independent of
you.