3 Pieces of Business Advice to Ignore at All Costs

Just because something is popular doesn’t mean it is right. That can be applied to certain pieces of business advice. With such an abundance of free information circulating the web, some of it is bound to be rotten. In this post, readers will learn of a few pieces of business advice that should be ignored at all costs.

  • “Don’t Do Anything Until You Have a Flawless Business Plan”: There is no such thing as a flawless business plan. Many people wanting to start a business never do because they think they can’t make a move until everything is solid on paper. The key to successfully operating a business is knowing that no matter how perfect the theoretical plan may seem, running a business is fluid. Get a good grasp on what you want and outline some key things, but don’t wait until everything is perfect because it never will be.
  • “Your Idea Is All You Need”: Wrong. Some people incorrectly tell entrepreneurs that their idea is all they need to succeed. While their idea is part of the foundation, entrepreneurs need so much more to make a business thrive. They need to rely on a support system, mentorship, networking opportunities, and a strong strategy for marketing and reaching their customers.
  • “Go Big Or Go Home”: While a “think big” mentality is appealing, it is shrewd for new business startups to take baby steps. Remember that starting up a business is a marathon and not a sprint. There will be times when things move slowly and don’t go according to plan. It is important to work incrementally to avoid the frustration of not being an overnight success.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your small business profitably, please check out our website www.portalcfo.com.

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