The biggest business mistake I made and what I learned from it. - Deepstash

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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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The biggest business mistake I made and what I learned from it.

The biggest business mistake I made and what I learned from it.

medium.com

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The biggest business mistake I made and what I learned from it.

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...

What did I learn from this mistake?

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...

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Credit management is my biggest lesson for the past 24 months. I personally lost $6, 000 to a client in Malta because of a lack of good business credit management on my part. I don't want you to make the same mistake.

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