12 Rules of Business I Learned from My Father

by Jul 23, 2009Lessons Learned

12 rules of business I learned from my fatherIt has been almost a decade since I lost my father to cancer, but the lessons I learned watching him run large companies, creating new businesses, and turning around languishing businesses are still fresh in my mind. I credit him for my business ethics, “workaholism”, leadership style, and pragmatic yet optimistic outlook. He was a man of few words, but when he opened his mouth, everyone listened. In this post I will share some of the rules of business he taught me.

  • Run from those who think they are smarter than everyone else and those thinking that all of their ideas are “hot”.
  • The best relationships are those built in bad times.
  • There is no age limit for having a mentor.
  • If you feel like you are surrounded by a-holes, maybe it is you who is making people act that way.
  • B.S. always floats to the top and people will find out who it belongs to.
  • Youth gives you ideas, but age allows you to sense which ones are worth the effort.
  • Air is thinner at the top, so don’t build high mountains.
  • Be wary if no one is criticizing you anymore or if all you hear is praise. They either drank too much of your “Kool-aid” or they are looking to pull wool over your eyes.
  • Only morons don’t make mistakes, because everything they do is a mistake. (I know, this does not translate too well from Lithuanian)
  • Let your competitors waste money on “rainmaker” salespeople. Hire the best customer service team you can afford and make best product you can.
  • It is hard to swim in a wake of a big ship. Don’t follow big competitors, outmaneuver them.
  • Loyalty and dedication to the company must start from the top. So do sacrifices to keep the company alive.

I would love to hear about any business rules you learned from your mom or dad. Please share them in the comments section.

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