Mistakes happen in business. Some minor..some major. Some you recover from...others you do not! Today we discuss the TEN STUPID MISTAKES you can AVOID that will SINK your business. Today's show on the EMPRESS OF BIZ is VITAL to all business owners..... Knowledge is POWER and can Prevent DISASTER if you use it. Join me today as I share from my 30 plus years experience as a business owner, business growth specialist, teacher, mentor and MISTAKE MAKER. My lessons could be the difference between SUCCESS, HEARTBREAK, FAILURE and Bankruptcy Court . Listen, Learn and Prosper with the Empress of biz...JoAnn R. Forrester.
One mistake I wish I did NOT make:
1. Start a business without any idea what I was doing. I was so frustrated with my job and personal life.. I was looking for anything that would get me out. So of course, when that opportunity came to start a business with two others who I looked up to...I JUMPED. I thought everything would be perfect. Nope! Not the best decision in the world. While I had some skills I did not know anything about business structure, costs or taxes etc. I just trusted the older members and did what they said. Sometimes it worked out...other times it did not. It took me years to gain their respect and not be treated like a kid.
Lesson Learned: Think before you leap....Learn as much as you can BEFORE you start...and KEEP on learning...and do not allow yourself to be patronized and treated like the "kid" on the block.
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2 comments:
Failed businesses start with a failed plan. It's a dream rather than a goal. A businessman should know how to set a goal and the date it should be accomplished.
-Business News Australia
So true...but when I started my business back in the day no one talked about a business plan or required one to get money.
My, how the world has changed...and it is a good thing. That is one one of the reasons I got so interested in busienss plans...and even co-wrote a workbook Steps to Starting a Successful Business and taught classes for 20 years on the subject.
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