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  • Essay / Eric T. Wagner's 10 Rules for Building a Hugely Successful Business...

    The reason is that you don't want to risk your company losing the company culture and vision you built , because once you sell, the buyer can say no to anything at that time. Sixth, no compromise on the big things, but compromise on everything else. This rule helps you maintain your vision, purpose, and core values. These are things you should never budge on, but it is very important to have flexibility on the value proposition, products and even service you create to achieve your goal. Seventh, figure out how to achieve your goals on a small budget, then cut your budget in half. According to the author, it is necessary to apply the principles of a small budget to the business from the very beginning. This would mean not wasting money on fancy offices, color brochures. The goal is to stay alive until you have the secret to your success. Eighth, this is a marathon, not a sprint, which means you need to build systems for the long term and focus on small, connected systems.