Tag business success


If You Want Your Business To Fail ….

Don’t focus on your business goals Do your own, at best, mediocre website Don’t find other business owners who could help you Don’t look after your cash-flow Be late with your tax returns Ignore your customers Ignore your team Follow every distraction and every rabbit hole Don’t business bootstrap your business Don’t sell online

Avoiding Snakes

You may have spotted me at the Balenciaga fashion show in Paris last week.  The front benches, which contain the A list celebs, collapsed. This  meant we all had to stand for ‘health and safety reasons’. This was good for me, as I was on the second row as an A minus celeb. It gave…

Top 5 Myths about Starting a Small Business

The weekly top 5 tips post is always full of helpful hints and advice for small, home and micro business owners. 1. The statistics often paint a grim picture for the survival of a small business. It is not unusual to even see claims that around 50% of small businesses fail. Remember that the term…

Stilettos. Risk. Small Business.

Last night I went to a 50th birthday garden party of a good friend (Andy – great party and we all get there, in fact some of us have been there for a while) and his daughter, a gifted dancer, was walking around in stilettos on soft and uneven grass and I was getting quite…

The Branson Model

The way Richard Branson starts businesses is very simple – that is why it works so often. He looks at an industry where the market participants have accepted that the current way is the way this industry works (complacency). He goes and finds the most profitable part or sector of it, makes it better and…

Just Don’t Quit!

I ran one of the largest ISPs in the 90’s and it was not always easy (the understatement of my life), we were growing so fast, that we never had any money, our cash-flow was catastrophic, always. During those years my CFO and I had a saying, “It’s going to be another interesting day!” –…

What is Mentoring?

Running a business can sometimes be a very lonely affair. Decisions are always on the to-do list, having someone as a sounding board can be an invaluable asset to every small business owner. Business mentors are one group of people who can be your sounding boards. But what is a business mentor and what can…

Top 5 Tips for Preventing Business Failure

The weekly top 5 tips post is always full of helpful hints and advice for small, home and micro business owners. 1. It helps to be prepared, but over preparation can distract you from the important task of actually getting started and making money. Not everything needs to be perfect first. 2. Keeping your private…

Naive Realism

Ever thought about your business or product as far better than any other product on the market? At some level you may acknowledge that you are subjective and biased, but then you reassure yourself that you compared your product to the competition and came out on top. Truth is, this is an illusion called “Naive…

Into The Danger Zone

Looking at business of all sizes, you can’t escape thinking about how vulnerable business is at different growth phases – some sizes seem to be more stable than others. Micro businesses seem to be very stable because there is limited change from month to month, overheads are low, they are often run from home. Small…

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