Hoover's 8

Hoover's 8 Principles of Successful Enterprise

What makes a successful enterprise and separates the winners from the losers?

Gary Hoover, former entrepreneur-in-residence at the McCombs School of Business, pinpoints eight keys to building a successful enterprise that are valid in both good times and bad. Hoover based his keys on his 35+ year career experience, including three Fortune 500 companies and four of his own start-ups (Bookstop and Hoover’s Online were his).

Hoover calls himself a business junkie. He started subscribing to Fortune magazine when he was 12 years old and has a personal business library of more than 50,000 books.


Hoover's Keys to Successful Enterprise: #7 Unique Vision and #8 Passion

To thine own self be true. Love thyself. Gary Hoover speaks on having a unique vision and passion for your business.

Hoover's #6 Key to Successful Enterprise - Service

The only reason to be in business is to make the world a better place by providing goods and services to people.

Hoover’s #5 Key to Successful Enterprise - Consistency of Vision

A consistent purpose is core to long term success.

Hoover's #4 Key to Successful Enterprise - Clarity of Vision

If people can't understand what you are saying, where you are wanting them to go, then you can't be an effective leader

Hoover's #3 Key to Successful Enterprise: A Sense of Geography

Hoover believes the key to dreaming up a new product idea or strategy is to understand where you are in space and time.

Hoover's #2 Key to Successful Enterprise: A Sense of History

Understanding the future comes from understanding the past.

Curiosity is a Key to Building a Successful Enterprise

New technologies and better ways of doing things are discovered by looking at things a different way.