It is easy to get rid of an outside manager, but how do you get rid of a family member? You must either do what is right for the business or the family. Either way you will end up with an angry family or weak company.

<ol><li>Don't blindfoldly delegate the people, you should have the keenness to consistently monitor them.</li><li>Millions of eye-catching theories pop up in the market every year, not every theory bears a token of success, we call it fad nowadays. We should be experimental enough to know which one is the pure gemstone.</li><li>The world's very oldest knowledge carrying businesses have had some 50% famed ventures and the rest of them failed due to missed opportunities.</li></ol>

Basic Lessons

Trust is the heart of the market when you cut the timely financial transactions, you cut the arteries, ending the business circulation.

If in a place very few number of people have been given the potential rights, "don't limit yourself", just simply acquire the people within the rights itself.

Starter

If no one turned around when we entered, answered when we spoke, or minded what we did, but if every person we met 'cut us dead' and acted as if we were non-existent things, a kind of rage and impotent despair would ere long well up in us.

Don't let the family mosquito enter the body (Family Business) and drip away the blood (Money and Respect), later or sooner your body will catch a disease.

Toxic Don'ts

In the nineteenth century, a tiny community from the deserts of Rajasthan spread out to every corner of India. The Marwaris controlled much of the country’s inland trade by the time of the First World War. They then turned their hand to industry and, by the 1970s, owned most of India’s private industrial assets. Today, Marwari businessmen account for a quarter of the Indian names on the Forbes billionaires list.// What makes the Marwaris so successful? Is it their indomitable enterprise, or their incredible appetite for risk? In this new book, Thomas Timberg shows how the Marwaris rely on a centuries-old system for conserving and growing capital which has stood them in good stead, alongside a strong sense of business ethics which has earned them respect.// Family businesses in general and the Marwaris in particular might have a vital role to play in shaping India’s economic future.

Toxic Don'ts

Similar ideas to Toxic Don'ts

Quit Smoking

Don'ts for times of crisis

Avoid Burning Yourself While Cooking or Baking