Business is, in its essence, a game.  It’s a real life game where losing is no laughing matter.  But it is a game in the sense that there are rules and strategies that determine winning and losing.

Whenever starting a business, its important to identify the rules that determine who wins (in that industry or market) and the best strategies for profitability.  The exciting part is that the rules never stay the same.  This means that the rules need to be continually updated.  We can, however, pin down the categories of rules and factors influencing them as these change less often.

Business Rules Categories:
  • Business Formation
  • Organization and Company Culture
  • Employee Cost and Capabilities
  • Industry Standards and Certifications
  • Patents, Copyrights, and other Intellectual Property
  • Processes, Technology, and Information Flow
  • Cash
  • Product/ Service Offering
  • Image/ Reputation
  • Customers
Factors Influencing Business Rules:
  • Governmental Laws
  • Technological Landscape
  • Market Landscape
  • General Society
  • Environment