Some of the growing pains I??ve encountered when I was a young businessman was knowing when and when not to engage in certain activities.
Transparency is as detrimental at some times as it is beneficial. There are times to share openly and times not . You need to know when and with whom.
Good Fences make Good Neighbors??_ Good Business Agreements make Good Clients. Protect your intellectual property with copyrights, patents, trademarks, trade secrets, business contracts, employee contracts, return policies, leases, etc.
Never intermingle your personal life with your business life. You should never mix personal finances with business finances. You should never become personally involved with your employees; you??re employees are not your shrink, personal assistant, drinking buddy or confidant.
Be decisive??_ clearly communicate your business policies.
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