Thread by Kenny | Accent Investing
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- Mar 1, 2023
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12 Important Business Lessons You Can Learn from the book The Art of War: 
• Deception
The business is a competitive world.
Never reveal too much, or it will become your weakness.
Always aim to deceive your actions and intentions by making others believe you will do one thing when you are actually planning to do another.
The business is a competitive world.
Never reveal too much, or it will become your weakness.
Always aim to deceive your actions and intentions by making others believe you will do one thing when you are actually planning to do another.
• Know Yourself and Your Enemy
Know yourself and understand your strengths, weaknesses, and limitations.
Equally important, it is crucial to understand the strengths and weaknesses of your competition.
This is essential to achieving success in business.
Know yourself and understand your strengths, weaknesses, and limitations.
Equally important, it is crucial to understand the strengths and weaknesses of your competition.
This is essential to achieving success in business.
• Adapt Your Strategy
Failure to plan is to plan for failure.
Flexibility and adaptability need to be part of your business strategy and plan.
You must be able to adjust to changing circumstances and be willing to modify your plans accordingly.
Failure to plan is to plan for failure.
Flexibility and adaptability need to be part of your business strategy and plan.
You must be able to adjust to changing circumstances and be willing to modify your plans accordingly.
• Speed and Timing
Timing is crucial in business.
You must be able to make decisions quickly and seize opportunities when they arise.
You must be able to decide quickly when your competitors least expect it.
The timing of your decisions determines your success.
Timing is crucial in business.
You must be able to make decisions quickly and seize opportunities when they arise.
You must be able to decide quickly when your competitors least expect it.
The timing of your decisions determines your success.
• Maintain a Clear Chain of Command
A chain of command improves efficiency and communication.
Ensure that responsibilities are clearly defined and that everyone knows their place in the organization.
When people know their roles, it removes confusion and ambiguity.
A chain of command improves efficiency and communication.
Ensure that responsibilities are clearly defined and that everyone knows their place in the organization.
When people know their roles, it removes confusion and ambiguity.
• Preparation
Victory in business is often won before the competition even starts.
You must be thoroughly prepared for any eventuality and anticipate every possible outcome.
Success is won with the daily actions that most people avoid.
Victory in business is often won before the competition even starts.
You must be thoroughly prepared for any eventuality and anticipate every possible outcome.
Success is won with the daily actions that most people avoid.
• The Value of Intelligence
Information gathering is critical in business.
You must gather as much information as possible about your competitors, their strengths and weaknesses, and their plans.
The more you know, the more likely you are to succeed.
Information gathering is critical in business.
You must gather as much information as possible about your competitors, their strengths and weaknesses, and their plans.
The more you know, the more likely you are to succeed.
• The Importance of Leadership
Strong leadership is crucial to achieving success in business.
You must be a competent leader who inspires and motivates your team, leads by example, and makes sound decisions under pressure.
Strong leadership is crucial to achieving success in business.
You must be a competent leader who inspires and motivates your team, leads by example, and makes sound decisions under pressure.
• The Importance of Relationships
The ability to succeed is determined by the quality of your relationships.
Building and maintaining strong relationships with customers, partners, and suppliers is crucial to achieving success in business.
The ability to succeed is determined by the quality of your relationships.
Building and maintaining strong relationships with customers, partners, and suppliers is crucial to achieving success in business.
• Innovation
Always strive to be the first. Be the first to drop a new product or sell an item.
You would want to be aware of trends so that you have a competitive advantage.
This way, you gain a significant market share and increase profits.
Always strive to be the first. Be the first to drop a new product or sell an item.
You would want to be aware of trends so that you have a competitive advantage.
This way, you gain a significant market share and increase profits.
• Excellence is to win without fighting
You do not need to always fight with your competitors to win.
The greatest victory is that which requires no battle.
There will be times where you will need to make concessions, negotiate, and even merge with your competitors.
You do not need to always fight with your competitors to win.
The greatest victory is that which requires no battle.
There will be times where you will need to make concessions, negotiate, and even merge with your competitors.
• Continuous Improvement
The pursuit of excellence and continuous improvement is critical to achieving long-term success in business.
Always strive to improve, and never become complacent.
The pursuit of excellence and continuous improvement is critical to achieving long-term success in business.
Always strive to improve, and never become complacent.
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I write about
• Personal Finance
• Investing
• Wealth
Follow me @AccentInvesting for more tips.
Subscribe to receive a free guide on the top 5 ETFs to hold for life: bit.ly/AccentInvesting
