A problem and another fatal sin for many business owners is not having the guts to see things through to a conclusion, or quitting when they might actually be within touching distance of a result without realising it. Gut feel for a business situation is...
Problems and mistakes in business can be put down to all sorts of root causes and reasons. A shrinking market, withdrawal of financial backing, underperforming staff, unreliable suppliers, business partners going under are all typical examples. But generally speaking there is a common denominator which...
It's a little acknowledged fact that the most entrepreneurial business owners are the ones who quit at the right time and know when to do it. Those business owners who refuse to, or are clueless about when to quit or radically change course are the...
On the other hand there are an equal number of trigger-happy, impulsive owner-managers who will jump head first into every business idea or opportunity they encounter without any consideration for the capital, human and opportunity costs of what they are doing already, and the implications...
Procrastination and distraction are dual sins which are common to many inexperienced and inept business owner-managers. The result of their over-deliberations and ill-disciplined attempts at execution of their marketing, product development and financial plans is that the opportunities they ought to have been focusing on...
The value of a business plan lies not in producing it, but in using and acting upon it. Yet the majority of business owners get hung up on the destination identified in their plan - the ultimate objective which they are aiming at over the...
This is one of the most serious and prevalent small business sins. Eccentric PR, look-at-me broadcasts from self-styled experts, publicity-seeking headlines, celebrity videos and pretty-looking logos on a website are not representative of the substance that is needed to make a business successful. Business success...
