Connect with us

Hi, what are you looking for?

Jewish Business News


6 business lessons you need to learn


by Contributing Author

Running a business is like going back to school – every day you will learn a new lesson. No matter how talented you are, you are going to make mistakes and you will learn from each of them. However, there are some business lessons that you should learn before you set up shop. Here are the 6 business lessons you need to learn.

The right people are worth everything

Think you can do it alone? You are wrong. You might be a natural salesman and you might have a talent for identifying an opportunity, but you still need help. Success in business is all about hiring the right people. You need people who you can trust to complete tasks without messing up. You need people who bring fresh ideas to the table and you need people to do the mundane tasks that take up too much time. If you want to succeed in business, you need to perfect the task of finding talented people and retaining them).

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Failure is okay

You are going to fail. That might not sound like the most positive message for entrepreneurs. But it is an important one. Failure is a part of the process and it is something you need to embrace, not avoid. Take each failure as a lesson and build on your experience. However, you should also learn to mitigate risk; jumping headfirst into a business that is destined to fail is not good practice.

Time is your most valuable resource

There are only 24 hours in a day. And some of them are going to be taken up by sleeping, eating, and going to the toilet. Even if you spend every waking hour working, you are going to feel like you do not have enough time. This is something you need to get used to. Learning how to manage your time to increase productivity is essential. But so is knowing when to switch off. Sometimes, it is best to close your laptop, turn off your phone, and watch a film. It will help you to come back refreshed and reenergized.

Communication can prevent or fix almost any problem

One of the most essential business skills is communication. You need to learn how to communicate with your employees to help them improve and enable them to work harder. You need to learn to communicate with customers to improve your service. You need to learn how to communicate with vendors to get a better deal.

The future is digital

If you are just getting into the business world, you need to understand that the future of business is digital. You might want to push back, especially if you are not tech-savvy. But it is important to stay up-to-date. Technology is advancing so fast that a whole industry can change in as little as five years.

Perfection is the enemy of progress

Being a perfectionist is good if you are an author or an artist. It allows you to create something that is as close to perfect as is possible. However, it is not a good trait for a business-person. You need to learn to know when something is good enough. This will allow you to make the most of your time.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.