Sauce Software Blog

Norm Brodsky is the founder of CitiStorage and seven start up’s and a three time Inc. 500 honoree.

For a full range of articles http://www.inc.com/

Ten Commandments of Business

1) Numbers run a business. if you don’t know how to read them, you’re flying blind.

2) Cash is hard to get and easy to spend. Make it before you spend it.

3) Don’t focus on the top line. Gross margin is the most important number on the income statement

4) A sale isn’t a sale until you collect

5) When your short-term liabilities exceed your short-term assests, you’re bankrupt

6) Forgot about shortcuts. Run a business as if it’s forever.

7) Identify your true competitors, and treat them with respect.

You have no friends in business, only associates.

9) Culture drives a company. In the long run, the boss’s most important job is to define and enforce it.

10) The life plan has to come before the business plan

These are an excellent guide for anyone looking to dive into a new business or expand an existing one.

Have fun.