Every start up is unique in some way or the other as it is mostly different in concept and application than the orthodox business, in reality it is a business. Although this article is written from general perspective on developing a successful practice, the principles can be used in virtually any business.

I have been in the hospitality industry for over 20 years and can proudly say I do have a highly successful business, as a management practice. Over the years, I have learned many things that work in running a business and even more that do not. It is with this in mind that I share the following 7 keys to running a successful start up. Regardless of your industry they can apply.

1.   Have a vision

One of the most important aspects of running any business is to have a clear vision of what you want that business to be like. What do you want to be known for in the marketplace? What kind of clients do you desire? What level of service do you want to provide? Do you want to be “one among many” or do you want to be considered a leader in your industry?

By answering these and many other similar type questions, you will gain insight into the direction you can, and should, take your business.

2.   Develop a plan that ties into the vision