Principles for a Successful U.S. Business
When planning business operations in the U.S., describe the two to three key principles by which you run your business. This description provides clarity for everyone in your business about these principles with which you operate.
The example principles below are consistent with operating in the U.S. Ultimately, your principles should create the best opportunity to accomplish your goals.
a) Trust, in every way, is the essential principle. The greater the mutual trust, the more worthwhile the relationship.
Can you trust me and can I trust you to:
Understand that individual self-interest is best served by serving the self-interest of others (as they define their self-interest) and then act on that understanding
Continuously improve individual professional and interpersonal competency
b) Success is dependent 80% on good relationships and 20% on the best tools and techniques
Second level principles that could flow from these overarching example principles are;
The purpose of our businesses is to exceed a sufficient return on investment
Minimize distractions from anything not related to this purpose
Clearly state the benefit of our enterprise for humankind so that the team has higher purpose
Share the plans for and the performance of our enterprise with the entire team
Actively manage an optimized portfolio of programs and projects that execute our plans.
Our employees are #1 (if they’re satisfied they take care of your customers, suppliers, partners)
Every team member ultimately is responsible for his/her own satisfaction
Continually, enhance each team member’s knowledge and skills for their benefit
Provide each team member as much financial ownership in our business as possible
Define clear high-level responsibilities for each team member
Allow and enable each member to deliver on his/her responsibilities
Self-organizing inter-discipline teams as necessary for quick and effective results
Hire slow; fire fast … it is best for everyone
Know our exit plan (and adjust it as necessary as time passes)
For more effective relationships, work with partners who share your principles
Marquis Advisory Group is one of those partners.
Let’s talk and see how we might help you.
Get started with our free “US Entry & Expansion Kit” at