Ogilvy’s 10 rules for building and running a business

80 year old David Ogilvy’s advice for building and running a business:

  1. Remember that Abraham Lincoln spoke of life, liberty and the pursuit of happiness. He left out the pursuit of profit.
  2. Remember the old Scottish motto: “Be happy while you’re living, for you are a long time dead.”
  3. If you have to reduce your company’s payroll, don’t fire your people until you have cut your compensation and the compensation of your big-shots.
  4. Define your corporate culture and your principles of management in writing. Don’t delegate this to a committee. Search all the parks in all your cities. You’ll find no statues of committees.
  5. Stop cutting the quality of your products in search of bigger margins. The consumer always notices — and punishes you.
  6. Never spend money on advertising which does not sell.
  7. Bear in mind that the consumer is not a moron. She is your wife. Do not insult her intelligence.

David Ogilvy

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[…] seen a few other lists from Ogilvy. He’s a listy guy. I tried hard not to need this one as well, but it’s just […]

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