10 Golden Rules – Peter Jones (2024)

Peter’s top 10 rules to build a successful business.

RULE 1: HAVE A VISION

Your vision is your destination. You’ll need a map to help you reach that destination, which will be made up of goals and results. The vision is the vital part, otherwise, you won’t know where you are heading and your goals will be irrelevant.

RULE 2: USE YOUR INFLUENCE

All businesses need business partners to grow. Tycoons know the importance of filling the gaps and weaknesses in their own skill set or business idea, by finding the parts of the jigsaw puzzle to create the best chance of success.

RULE 3: BUILD YOUR CONFIDENCE

If you don’t believe in yourself or your idea, why should anyone else? Gain confidence through gaining experience, skills and knowledge. Change your perception of failure to realise that it provides feedback. Feedback provides essential learning to help know what not to do the next time.

RULE 4: MAKE A COMMITMENT

Committing to follow through once a decision is made is an invaluable ally on your road to success. Be prepared to work hard and make sacrifices. Commit to a common goal and make it happen, but commit to yourself and your health too.

RULE 5: AIM FOR RESULTS

Tycoons make things happen. They are driven by results. Planning for your success is as important as achieving success. You need to know exactly how you got there so your success can be duplicated, scaled up and multiplied, and it is that which turns an entrepreneur into a Tycoon.

RULE 6: TIMING

Anticipating the changing needs of the market and partners is crucial. Timing when to enter a market or not will help optimise success, as will knowing the right time and circ*mstances to start your business.

RULE 7: PERSEVERANCE

Tycoons go the extra mile. Perseverance, sheer determination and tenacity are core characteristics of the mindset of a Tycoon. Successful entrepreneurs battle against all the odds to build their business and always appreciate when it is time to get out. Try to have flexibility to work outside your own comfort zones in order to bring your dreams to fruition.

RULE 8: BE CARING

Relationships with people are key. Business and personal relationships should be cherished. Treat people how you yourself would want to be treated. Always remember that people are the lifeblood and engine room of any business.

RULE 9: TAKE ACTION

Action is the bridge between your vision and results. Action involves figuring out how to get from where you are now to where you want to be. Without action there would be no results.

RULE 10: USE YOUR INTUITION

Listen to your instincts. They can protect you from making poor business decisions and guide you down the right path.

10 Golden Rules – Peter Jones (2024)

FAQs

What is the golden rule 10? ›

Principle #10: The Golden Rule - Treat Others the Way You Would Want to Be Treated Yourself.

What are the 10 golden rules a successful entrepreneur should embrace in business? ›

10 Golden Rules
  • RULE 1: HAVE A VISION. Your vision is your destination. ...
  • RULE 2: USE YOUR INFLUENCE. All businesses need business partners to grow. ...
  • RULE 3: BUILD YOUR CONFIDENCE. ...
  • RULE 4: MAKE A COMMITMENT. ...
  • RULE 5: AIM FOR RESULTS. ...
  • RULE 6: TIMING. ...
  • RULE 7: PERSEVERANCE. ...
  • RULE 8: BE CARING.

What are the Golden Rules 4? ›

They are: (1) Use specialist products; (2) Diversify manager research risk; (3) Diversify investment styles; and, (4) Rebalance to asset mix policy. All boringly straightforward and logical.

What are the golden rules of business? ›

Don't try to do everything yourself

We imagine the reason you started your business is because you're passionate about the products or service you provide, not because you love running your accounts, negotiating legal matters or managing your marketing. Delegate, delegate, outsource.

What are the 10 golden rules of ethics? ›

Children watch, listen, and learn from our example. Wayne Dosick provides parents with the ten golden rules that teach their children respect, honesty, fairness, responsibility, compassion, gratitude, friendship, peace, maturity, and faith.

What is rule 10 Rules for Life? ›

Rule 10 — Be Precise In Your Speech

Being precise in your speech, speaking courageously, and with truthful words can eliminate much of the crushing anxiety when things are unknown and undefined. “Say what you mean so that you can find out what you mean. Act out what you say, so you can find out what happens.

What are 10 pieces of entrepreneurship advice no one will give you? ›

10 Pieces of Actionable Entrepreneur Advice For Aspiring Business...
  • Follow Your Skills.
  • Stay Flexible.
  • Use Your Experience.
  • Get A Mentor.
  • Think Like Your Target Audience.
  • Keep Employees in the Loop.
  • Hire Creative People.
  • Keep Your Equity.

What is the golden rule for a successful life? ›

The golden rule means this: Do unto others as you would have done unto you. * Learn From Your Mistakes Our society is one that views mistakes and failure in a very negative way. ... * Don't Be Afraid to Ask For Help This is another problem that arises as a result of the way that our so...

What is the number 1 trait of entrepreneurs? ›

Competitiveness is a key trait among successful entrepreneurs. With globalization and virtualization, industries are growing more competitive. To maintain a lucrative business, it is essential to develop a competitive attitude.

What are the 3 basic golden rules? ›

1) Debit what comes in - credit what goes out. 2) Credit the giver and Debit the Receiver. 3) Credit all income and debit all expenses.

What are the 5 golden rules of be there? ›

And if someone you love is struggling, there are five Be There Golden Rules that you can follow and they're Say What You See, Show You Care, Hear Them Out, Know Your Role, and then Connect to Help. You can use one or more of these rules in whatever way makes sense.

What is the golden rule strategy? ›

Treat people the way you want to be treated."

What are the to 5 business rules? ›

Throughout my topsy-turvy business journey, I've discovered five critical things an entrepreneur should never do:
  • Believe bigger is better. ...
  • Put all of your eggs in one basket. ...
  • Neglect your best employees. ...
  • Trust everyone. ...
  • Ignore your finances.

What is the famous golden rule? ›

Do unto others as you would have them do unto you.” This seems the most familiar version of the golden rule, highlighting its helpful and proactive gold standard.

What is the rule of 10 law? ›

What is the 10 rule? The ten percent rule of energy transfer states that each level in an ecosystem only gives 10% of its energy to the levels above it. This law explains much of the structural dynamics of ecosystems including why there are more organisms at the bottom of the ecosystem pyramid compared to the top.

What is an example of the 10 rule? ›

Only a small amount, or 10 percent, of energy moves from one trophic level to the next. This is known as the 10 percent rule. It limits the number of trophic levels an ecosystem can support. For example, when a primary consumer eats a primary producer, the consumer only gets 10 percent of the producer's energy.

What is the rule of 10 in psychology? ›

The 10X Rule essentially revolves around what is considered that Principle of Massive Action — this concept that any time you put an exceedingly great amount of effort into anything you do, you're guaranteed to achieve exceedingly great results.

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