Rules of Business from a Strip Club Owner

Alan Markovitz owns a new Penthouse Club in Philadelphia, and even spent 5 million dollars just for adornments. He also revolutionized the compensation model that instead of paying his models, they pay him a fixed fee nightly and get to keep everything extra they made.

He has the following rules to guide him:

• Wisely choose your business partners.
• Never stand still - keep innovating, upgrading, inventing, expanding...
• "If you sleep with your help, you might need help."
• Believe that you can manage through any crisis.
• Look for extra ways to turn the buck.
• Experiment and try new ideas.

Here's a link to the original write-up in CNBC.