7 Things Small businesses can learn from Adam Roseman

I have a few tips to share with you people and need your feedback on them.

It is easy to make your business successful. There are lots of people to look up to: Bill Gates, Mukesh Ambani, etc., and today I am going to share my thoughts about one such person: Adam Roseman. We are going to discuss about 7 things a small business can learn from Adam Roseman.

Adam Roseman is one of the most successful expatriates in mainland China. Before his affiliation with ARC China Inc., he was a member of Mergers & Acquisitions at Barrington Associates and Lehman Brothers’ Investment Banking Group.

During his time in the investment field, the experience he gained and the things he learned helped him grow his business while keeping the bumps and bruises to a minimum and maintaining a good growth year over year. Regardless of what field or industry you are in, here are a few simple ideologies recommended by Adam Roseman that can be applied to any growing business.

• Know your abilities and disabilities
  One of the most important factors in starting and growing a business is to know your strengths and weaknesses.

• Make a target and stay focused on it
  Make concrete goals and stay focused towards on a definitive plan to achieve them. Set a target, make plans, work out on the plans, and modify them if required.

• Don’t forget that people work for people, not companies
  Companies don’t grow unless they have talented people on the team. They are a company’s best asset, and for that reason, company culture is very important. Many companies actually forget that true loyalty comes when employees believe that the organization and its leadership team care about them personally and professionally, which has a very real and direct effect on company growth.

• Running a good business is impossible without strong skill set
  When growing a successful business, it’s very important to have a good business mind with a strong skill set in the specific area of expertise behind the operations.

• Be passionate
  When you love what you do, it no longer feels like work. Showing passion for your company or industry has a large hand in creating the right company culture. The excitement and enthusiasm that you exude will have your team working harder, more focused, and ultimately more successful at their job, coming up a better end product.

• Be your own competitor
  Technology is changing the world every day, and in order to stay ahead, you need to be innovative and updated, regardless of your industry. You should constantly be looking for ways to improve your end product, improve client relations, and become more efficient at what you do, ultimately driving greater profitability.

• Make a good marketing strategy
  Make sure that marketing is completely aligned with product innovation and roll-out to ensure that when the product is ready for retail consumption, strong consideration has been given to how the product will be marketed.

Hopefully, these recommendations by Adam Roseman will help alleviate some of the common pitfalls that many businesses face as they look to gain traction and succeed in today’s competitive market.

What do you suggest? Are these tips worth? Please add more tips if I have missed any.