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Business Resources - Expanding a Business

Managing Growth

 

Common Mistakes

The Dirty Dozen

  1. Didn't ask: If you don't know - ask.
  2. Didn't listen: Seek advice from those who know and don't forget to listen.
  3. Didn't look before leaping: Evaluate before committing the dollars.
  4. Winged it: Planning can save you half the time and double your chance of success.
  5. Cut off communication: Keep talking, even if it means some heated discussion. This applies to clients, employees and suppliers.
  6. Ignored instincts: If you smell disaster, pay attention.
  7. Moved too fast: Touch all the bases. Don't lose out because of a rookie mistake.
  8. Have the financing in place: Talent, skills and organization take you a long way, but financial instability can undermine everything else.
  9. Assumed: Manage people's expectations by telling them what you are going to do and when. If they're not giving you the same thing in return, ask.
  10. Forced the fit: Sometimes the chemistry isn't right between people or companies. Walk away rather than enduring frustration and failure.
  11. Unrealistic goals: Don't jeopardize your reputation. And build in buffer time for snafus.
  12. Knew better: Every situation is unique. Every encounter brings fresh opportunity for success or failure.
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