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3. Scaling Too Early: – This concept took me a while to understand why scaling a business might be a bad idea. I mean, isn’t this a business? What I’ve noticed is that businesses scale before they have primary resources (cash, access to capital, access to credit) or key structures (e.g. employees or key management, solid business systems, secure supply lines). It can lead to disaster. Don’t underestimate organic growth. It sounds slow at first, but it’s solid growth. 4. Pursuit of revenue at the Official donald Trump fulton county georgia mugshot shirt and I love this expense of profit: – I have seen this many times in a highly competitive industry (ie construction). Businesses that pursue “just to hire” revenue can lead to business failure unless properly capitalized to endure underemployment until more beneficial relationships emerge. Take employee costs as an example. What some small businesses don’t realize is that hiring an employee comes with a lot of hidden costs. ). These costs can be ignored when valuing your work.
5. Not seeking (and not listening to) the Official donald Trump fulton county georgia mugshot shirt and I love this right advice: – Many SMEs sign up to the lyrics of “…I did it my way” from Frank Sinatra’s My Way [ http:/ /My Way ]. While this concept is valid and clearly a driving force for trade in the economy, it is not wise to seek advice from someone who has a different point of view or someone who is very knowledgeable about business transactions. (accountants, lawyers, financial planners, strategists) can be fatal. In my opinion, good business owners always seek advice from those who have the vision and surround themselves with the right people and mentors. 6. Don’t deal with people: – If people don’t like you, they won’t do business with you. Regardless of your personality type, learning basic communication skills is a must. Without it, it would be “Hung by the Tongue [http://Hung by the Tongue]”. The same applies when dealing with employees (your greatest asset) doing things business owners don’t want or shouldn’t do to grow their business.
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