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Steven Schragis - 250 Rules of Business: Secrets to Growing Your Career and Profits

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There is no one rule for business success, no one principle that can help you meet every challenge. The realities of doing business are just too complex. However, there are lots of little rules that can guide and assist you along the way-and thats what 250 Rules of Business is all about. From Donald Trump to Harvey Weinstein, Learning Annex guru Steven Schragis works with-and learns from-hundreds of top-drawer businesspeople. Public relations executive Rick Frishman works with-and learns from-prominent business leaders, including Michael Eisner, Mario Cuomo, and Arnold Palmer. In this groundbreaking book, Schragis and Frishman have collected all theyve learned from the movers and shakers of virtually every industry and boiled it down into smart, simple strategies. Master just one rule a day and in no time youll manage everything-people, workloads, companies-with more skill, more confidence, and more success!

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250 RULES of BUSINESS Steven Schragis is one of the smartest guys I know When - photo 1

250 RULES of BUSINESS

Steven Schragis is one of the smartest guys I know. When it comes to business, he knows every angleincluding what to say and how to say it!

Donald Trump

Rick is my go-to guy for book publicity and marketing. I trust him deeply and hes earned his reputation as an expert, a creative confidante, and the best book publicist in the nation.

Brendon Burchard, Author, THE CHARGE, and
The Millionaire Messenger, Founder, High
Performance Academy and Experts Academy

There are only ten people who understand and have mastered the book publishing processRick Frishman is one of themI have counseled him, listened to him, and watched the books he promoted turn to gold. If youre looking for someone to take your book to the promised land, I promise that Rick Frishman is the rocket ship that will take you there.

Jeffrey Gitomer, Founding Partner at Ace of Sales

250
RULES
of BUSINESS

Secrets to Growing
Your Career and Profits

Steven Schragis and Rick Frishman

250 Rules of Business Secrets to Growing Your Career and Profits - image 2

250 RULES of BUSINESS

Secrets to Growing Your Career and Profits

2014 Steven Schragis and Rick Frishman. All rights reserved.

No part of this publication may be reproduced or transmitted in any form or by any means, mechanical or electronic, including photocopying and recording, or by any information storage and retrieval system, without permission in writing from author or publisher (except by a reviewer, who may quote brief passages and/or show brief video clips in a review).

Disclaimer: The Publisher and the Author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the Publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional person should be sought. Neither the Publisher nor the Author shall be liable for damages arising herefrom. The fact that an organization or website is referred to in this work as a citation and/ or a potential source of further information does not mean that the Author or the Publisher endorses the information the organization or website may provide or recommendations it may make. Further, readers should be aware that internet websites listed in this work may have changed or disappeared between when this work was written and when it is read.

ISBN 978-1-61448-516-2 paperback
ISBN 978-1-61448-517-9 eBook
Library of Congress Control Number: 2013933692

Morgan James Publishing
The Entrepreneurial Publisher
5 Penn Plaza, 23rd Floor,
New York City, New York 10001
(212) 655-5470 office (516) 908-4496 fax
www.MorganJamesPublishing.com

Cover Design by:
Rachel Lopez
www.r2cdesign.com

Interior Design by:
Bonnie Bushman
bonnie@caboodlegraphics.com

In an effort to support local communities, raise awareness and funds, Morgan James Publishing donates a percentage of all book sales for the life of each book to Habitat for Humanity Peninsula and Greater Williamsburg.

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Get involved today, visit
www.MorganJamesBuilds.com.

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CONTENTS

To my wife Donna,
this book could never have been written
without your love and encouragement

STEVEN SCHRAGIS

To my wife Robbi, with love and thanks
RICK FRISHMAN

INTRODUCTION

Starting, managing and growing a business isnt easy, and everyone is quick to offer you differing advice. Thousands of business books, articles, programs, courses, and workshops insist that they have the answers. Many of them are superficial, theoretical, impractical, or unclear, and they often contradict each. It all gets confusing and you dont know where to turn.

Over the years, weve had the good fortune to meet, work with, and spend considerable time with many highly respected and successful business leaders. These individuals have worked in the trenches, solved the hard problems, rallied the troops, and risen to the top of their fields where they harvested record profits. Many of these leaders have become our teachers, mentors, colleagues, and friends. Weve watched them operate, conducted business with them, and benefited from their advice.

We made it our practice to ask them to share a single business insight with usa basic rule, practice, or belief that played an important role in their success. Some of the responses we received were basic, intuitive, and items that we already knew. But others were amazing and eye opening; they constantly made us stop and think.

The point is, as Yogi Berra said, you can observe a lot by just watching. So we wrote them down and spent time examining if and how they could work for us. Then we tried to apply them to our businesses, careers, and other aspects of our lives.

Steven Schragis
Rick Frishman

The
Rules
RULE ONE
DONT MAKE RUSHED DECISIONS

If the issue is serious, never make a decision on the spot unless you absolutely have to. Think it over for a few minutes, an evening, or a weekend, and then go into the office with your answer. Give yourself the time you need to avoid the mistakes that often result from haste.

WHAT IT MEANS: Clearly, decisions can vary considerably in their urgency, importance, and complexityand so no one rule of thumb fits allbut you should never be pressured into giving a quick yes or no before youve given yourself adequate time to think it through. At the end of the day, its much more about the quality of your decisions than the time it took to make them.

ACTION PLAN: Make it a point to never make an instant decision if there isnt a compelling reason to do so. Make sure you have the facts. And then go grab a cup of coffee or take a walk around the block or resolve to sleep on it. More often than not, you have the right to give yourself a little time to breatheand think it over.

EVEN BETTER: Write it down! List the pros and cons of making your decision one way or another. Listing and evaluating the relevant considerations and potential consequences can be a very useful tool for helping you to think things through. And the very process itself can be a healthy brake on the tendency to make snap decisions.

RULE TWO
UNDERPROMISE AND OVERDELIVER

This is the one thing you can always do to improve business relationships and reinforce your reputation for reliability: Deliver what you promise. In fact, you should even take it one step further. If at all possible, strive to deliver a little more than promisedor a day or two ahead of schedule. When it comes to being perceived as a reliable professional, there is no margin of error for keeping your word.

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