7 Essential Principles of Small Business Success

Why does one small business owner flourish while another one fails? In all my years of being in business, reading all I can about business, and surrounding myself with successful entrepreneurs (large and small), I have come to believe there are 7 essential principles that all successful small business owners have in common.




  1. An entrepreneurial mindset
  2. Strict fiscal discipline
  3. A kitchen cabinet of advisors
  4. A defined brand
  5. A niche market
  6. Excellent customer service
  7. Cash position and a good banking relationship


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