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The business world is built so that there is an insane abundance of deals, businesses, opinions, ways, suppliers and customers. This abundance is sometimes very confusing, and in times of crisis or financial distress, we are sometimes tempted to do things we would not choose to do on a normal day.
Without a doubt, my biggest mistakes boil down to one thing: I did not listen to my intuition.
The most important thing to understand as a business owner, is that everyone has the customers, the suppliers and the deals that are right for them and they are different from a colleague who deals with exactly the same thing.
That’s why by the way why there’s no such thing as real competitors but that's for another post. The abilities of each of us to give service to a customer or work with a supplier, are different, hence the right choice is important even when it is very financially tempting, or there is someone who convinces us that it is a great deal.
Over the years, I have sharpened my intuitive abilities, and they have always proven themselves in my favor. These capabilities serve as a very strong internal compass spring, which if given the right place, one can easily identify whether we are dealing with a good or bad deal.
Despite all this, it happened more than once that I turned off this important capability and chose to work with clients who from the beginning turned out to be a huge mistake for me and the explosion that followed was inevitable.
First, that I am human. No one is free from mistakes and whoever does not try is not failing, and therefore does not progress.
I also learned how much I know, even when I do not really know all the details. I definitely understand that contacting a customer or supplier, right from the start, can give me a lot of valuable information, that if I choose to see, I can navigate my way as I choose.
The most important thing I learned, is that even when you make a mistake, you can learn and correct it. In such a valuable lesson, it is important to understand what we have learned from what has happened.
A Geek | SM enthusiast | Entrepreneur | Writer/Curator | Visionary | Product designer (UX/UI)
Everybody makes mistakes, especially when starting something new. But when you’re starting your own business, big mistakes can be very costly — in money, time, and energy.
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