6 big business mistakes I made and what I learned

Here are 6 mistakes I've made in business...I hope you can learn from my mistakes:IMAG0389

#1 I was born an entrepreneur. I turned my back on that fact for most of my career. It was too scary and unpredictable. I settled for corporate America and a “sure thing”. What a mistake! After four lay-offs and two firings, I FINALLY got the message.

#2 Wanting all the answers. I used that as an excuse for not moving forward and getting serious about my business. If I’d waited for perfection, I’d still be putting together a business plan I never followed

#3 Waiting for the right business idea/service to launch the business. I’m learning the hard way that small businesses must be extremely flexible. For example, eight years ago when I started my business I zeroed in on one service-business coaching. What I didn’t realize is that I was only one of a hand few of people on earth who knew or cared about business coaching. I’m always on the bleeding edge of newness….and I’m an early adopter. Most people aren’t. I’ve learned that your customer dictates what the product is….you fill their needs and you’re in business.

#4 Giving stuff away free. I beg you….DON’T DO IT! Your inner voice may say “I ‘’ll give this service at no charge so I can get the service into the marketplace.” If you don’t put value on your work…believe me, no one else will either. Especially is you’re selling services. You’re providing something that will help someone better themselves or their business and make money….it’s valuable!

#5 Talking too much. Really success business people listen way more than they talk. I had to learn to shut up and hear what prospects were telling me. They told me they needed help with website development, business development, hiring good employees…..I offer all these services now and we’re all much happier.

#6 Thinking I wasn’t smart enough. What a stupid idea! I’m smarter than 87% of the people I meet…..on some subjects. This one mistake has cost me time and money. I’m smart enough to author a best selling book and start three success companies.

These mistakes have taught me the biggest learn of all about business. You can’t wait for things to happen. You must make it happen. Especially in today’s marketplace…Do something…even if it’s wrong. Be disruptive to the status quo. Our customers deserve it.

Comments

Leave a comment
  • Item #4 on your list doesn't make sense, if you are saying this is a list of mistakes you made. Was business coaching a success or a failure? If it was successful from the get-go, but required educating the marketplace about what it was and why it was needed, how was it a mistake to offer it as a service?

  • great question....the mistake was being ahead of the marketplace and offering services that nobody understood so I had to educate the audience...I am very successful because I was able to adjust my business plan and address the issue five years ago...

Leave a comment