Best Advice from someone ; My advice (if I may be so bold as to advise on anything)

 With friends and business associates, Timothy Lee and Tom Gan

I read on Quora recently, someone answered this question, 

"What is or was the best advice anyone has given you ?"

He replied  "Well, if you do something, make sure you do it damn well !".

I have taken this advice and applied it to my small business (20 years of existence with its ups and downs, sometimes there are hard struggles and sometimes there is  just pure adrenalin rush). Here is my advice on starting a business and when you should exit. 

    Small Business Owner's Manual 

1. Find a Niche and Aim to Dominate that Niche.

2. Stay Focussed and Work Very Hard. 

3. Defeats are temporary ; pick yourself up, learn from the mistakes and move on, however painful that may be. If it is too big a burden to carry on - admit defeat,close the business and take the time to heal. Its only a business. 

4. The boss's mindset must change and ride the technology revolution.

5. Now it is digital payment, ChatGPT and AI. How to use these to my advantage ?

6. Evolve ; the business world  is ever changing - the business owner's mind many a times is stuck in the 90s or early 2000s 

7. Pick good people and give them a purpose ; they will help you grow to the next 2 to 3 levels.

8. When the time comes to say, thats it ; sell. At a good price. When the profits are good and the outlook is rosy. 

8. Sell when the sun is shining and the sky is blue. Rather sell when you have options than when you have none or are pushed to the limit.