Running a business should earn you an honorary graduate or even doctoral degree given all you will learn. For those just starting out, here are the CliffNotes, the mistakes you should hear now and avoid.
Hiring in advance of revenue.
There is a common expression: “Don’t count your money until it is in the bank.” There is great wisdom in this. Many times in business, we receive contracts or the promise of revenue. However, there is a major difference between having revenue and almost having it. Until revenue actually hits the bank account, you don’t have it, and you must overcome the tendency to be optimistic and hire too many people before the revenue is real. This one principle or mistake could be its own manifesto.
To read the full, original article click on this link: The 8 Biggest Mistakes I’ve Made - Business Opportunities Weblog
Author: Brian Hamilton
