Recipe For Business Success | Ramblings of an e-trader

Sunday, 8 July 2012

Recipe For Business Success

Just read a newspaper report this morning that covered a speech by former Malaysian Prime Minister, Tun Dr Mahathir Mohamad, who spelled out the recipe for success. 

The gist is that entrepreneurs must be: 

1. honest 
2. disciplined 
3. pay back loans promptly 
4. have a well-planned management 

He was actually referring to the franchise business but these ingredients apply for any other businesses as well. I would say, for other types of businesses, one needs a good business model.


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