We all are in the market place or hope to be some day. Our wares are either services or goods.
Overtime, most of us have learnt either by experience or study some important business principles. Here is an opportunity for us to share.

To set the ball rolling, one of the most important business principle I have learnt overtime is the principle of savings. Since I am not naturally a saver, I overcome my spendthrift weakness by directing about 95% of my disposable income into well reseached investments.

Also, I have learnt that the easiest way to save (read make) money in business is through cost cutting as every penny saved in cost goes directly back into the business.
As such I employ strategies like economy of scale, technology, outsourcing, etc to cut down my costs where needed.

Research! Research!! Research!!!
That's the key to staying competitive as such am always on the look-out for faster, cheaper, better ways of doing what I do