This booklet is designed to explore some of the major areas of concern for a principal, especially for new principals and for assistant principals who aspire to the principalship. Emphasis is on the practical application of alternative courses of action. The booklet is organized according to the following categories: the nature of the job, administrative theories, categorical considerations (scheduling, staff utilization, negotiations, communications, accountability, student discipline), awareness, planning, inservice and evaluation, morale, and legal factors. Ten specific tips on how to perform in the role of the principal are included. (Author/IRT)