[tweetmeme source=”LessonsInBiz” only_single=false] Make a plan that’s specific, measurable, achievable, relevant and time-bound.

Give credit where credit is due. Once your employee feels that their work is appreciated, it helps build loyalty and that is you can retain the best employees that you have.

Look for ways to upgrade. Do not be stuck on tradition. The growth of your small business depends on your ability to incorporate modern business practices.

Quality should be one of your top priorities. Never let it backslide or your entire business could fail.

Following and improving on business ethics is as important as profit. You may be tempted by get-rich-quick schemes to grow your small business but you have to rethink on whether it would be going against your principles as an entrepreneur.

Do not aim for perfection. Instead, make excellence your standard.

There are many different management processes, you have to choose which one fits your small business best.

Business relationships are a two-way street. You have to do your part in sustaining long-term business relationships you have with your customers, partners, suppliers and all those connected with your business.

Do not lie just to sell. Advertise what’s true and good about your small business and do not make the mistake of exaggerating the benefits of your business just to generate sales. It would ultimately backfire and you may end up losing customers that way.

Listen first and then react. A successful entrepreneur does not only know how to lead but also knows when to take a step back and listen.