“I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail.” – Michael Dell, CEO of Dell Computers
It is surprising how often a business owner believes that their business venture is able to run before it can walk. Moving ahead too quickly without laying the groundwork is a recipe for disaster.
The concept of becoming an overnight success is, by and large, a bit of a myth when it comes to business. Even if a business suddenly appears to be on top and have appeared from nowhere, it’s a safe bet to assume that a giant amount of planning and strategy has gone on somewhere behind the scenes.