What are the 5 main principles of the Mental Capacity Act?
The five principles of the Mental Capacity Act
- Presumption of capacity.
- Support to make a decision.
- Ability to make unwise decisions.
- Best interest.
- Least restrictive.
What are basic business principles?
8 Fundamental Principles of Business You Need to Know
- Have a Quality Product.
- Know Your Industry and Competitors.
- Promote Your Products and Services.
- Build a Great Staff.
- Understand Organizational Structure and Design.
- Use Capital and Cash Flow Wisely.
- Understand the Fundamental Principles of Accounting and Finance.
- Respect Your Customers.
What are the principles of a successful business?
8 principles for building a successful business
- #1 Know your ‘WHY you do what you do’
- #2 Spend YOUR time wisely.
- #3 Be consistent in action.
- #4 Create a strategic plan.
- #5 Look at yourself through your customers’ lens.
- #6 Make sure you’re easy to do business with.
- #7 Talk benefits.
- #8 Stay on top of your cash flow.
What are the principles of competitive success?
- Principles of Competitive Success. Maintaining a competitive edge is vital to the long-term success of any small business.
- Planning. Business planning is vital to keeping your company pointed in the right direction.
- Value Creation.
- Customer Service.
- Financial Management.
- Marketing.
What are the main features of an entrepreneur?
5 characteristics of an entrepreneur
- Motivation. Entrepreneurs are by nature motivated.
- Passion. Passion is another characteristic of entrepreneurs.
- Vision. The best entrepreneurs have a vision as to what they want to achieve, how they can accomplish their objectives, and whom they need on their side to reach their goals.
- Confidence.
- Decision Making.
What are some business values?
Examples of Common Company Values
- Integrity.
- Boldness.
- Honesty.
- Fairness.
- Trustworthiness.
- Accountability.
- Learning.
- Customer Experience.