Saturday, July 5, 2008

Summary Time

Congratulations, you have made it to the end! OK, it's been a long trip and now you are probably wondering what you read earlier or what on earth you are doing here. Well, for one night only, here is a summary of the hints and rules:
 Hint 1: Ask your opponent what they want (to do)
 Hint 2: Helping others helps you to develop and succeed
 Hint 3: Think how to apply your skills outside of business
Rule 1: Get that capital.
Rule 2: Muscle in only when you have the muscle.
Rule 3: Check out the local opportunities.
Rule 4: Don’t spend, ever. Invest!
Rule 5: Keep stock for as short a time as possible.
Rule 6: Pay suppliers as late as possible.
Rule 7: It is essential to plan your transport system as part of your budget.
Rule 8: Plan how long it will take to sell the goods, plus all storage costs.
Rule 9: Employing people to assist your business must be budgeted for before you start buying.
Rule 10: Budget for the barkeep’s apron as well as the beer he/she sells.
Rule 11: Buy what you need, not what you want.
Rule 12: The first venture must be producing enough profit to cover all the losses the second will make.
Rule 13: Do not wait for the price you want, learn to accept the price you can get.

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