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

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

Curated from: medium.com

Ideas, facts & insights covering these topics:

5 ideas

·

156 reads

3

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

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

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.

Without a doubt, my biggest mistakes boil down to one thing: I did not listen to my intuition.

9

44 reads

<p>The most important thing to...

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.

9

35 reads

<p>Over the years, I have shar...

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.

9

26 reads

There’s a very big place for your intuition in business! This is your way of understanding the situation despite all the subjective noise of the environment. One can easily understand whether your feeling is fear or intuition so it is important to develop and use this skill as much as possible.

9

26 reads

What did I learn from this mistake?

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, 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.

9

25 reads

IDEAS CURATED BY

businessak

A Geek | SM enthusiast | Entrepreneur | Writer/Curator | Visionary | Product designer (UX/UI)

CURATOR'S NOTE

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.

Ohad Sack's ideas are part of this journey:

How To Be Effortlessly Charismatic

Learn more about personaldevelopment with this collection

How to build confidence

How to connect with people on a deeper level

How to create a positive first impression

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates