mistakes

5 Vital Truths About Business Mistakes

January 31, 2011

(Note: I posted this last Thursday on American Express OPEN Forum. I’m reposting here.) I’m not a baseball fan and I try to avoid sports metaphors, but there are some things I love about baseball that I treasure for their relevance in entrepreneurship and business management. Baseball doesn’t pretend perfection. Pitchers get to miss their [...]

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Top 10 Business Planning Mistakes #1: It’s Planning, not Just a Plan

November 9, 2010

(Note: this is the tenth and last of a 10-part series listing my revised top 10 business planning mistakes. The list goes from 10, the least important, to 1, this one, the most important.) Planning is vital for your business. Start with a business plan and a regular review schedule, then track results and changing [...]

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Top 10 Business Planning Mistakes #3: Lost in the Clouds

November 3, 2010

(Note: this is the eighth of a 10-part series listing my revised top 10 business planning mistakes. The list goes from 10, the least important, to 1, the most important.) It’s not that I don’t respect talk about high-level strategy, business models, and business ideas; it’s that the high level strategy-in-the-clouds kind of planning is [...]

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Top 10 Business Plan Mistakes #8: Making Financing the Goal

October 22, 2010

(Note: this is the third of a 10-part series listing my revised top 10 business planning mistakes. The list goes from 10, the least important, to 1, the most important.) It’s just too damn bad that so many entrepreneurs assume to start a business you do a plan, get financed, and then you start. As [...]

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Top 10 Business Plan Mistakes #9: Pitching Without Planning

October 19, 2010

(Note: this is the second of a 10-part series listing my revised top 10 business planning mistakes. The list goes from 10, the least important, to 1, the most important.) I’m guessing that the idea of doing a pitch – meaning a slide deck driving a presentation, about 20 minutes’ worth maximum – instead of [...]

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Top 10 Business Plan Mistakes, #10: It’s Not a Hurdle

October 14, 2010

I’ve decided I need a new top 10 list for business planning mistakes. This isn’t the first I’ve done and I hope not the last either, but it’s a good thing to give these lists a fresh look every so often. And this morning I do a workshop on this topic as part of the [...]

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