A mistake that many business owners make is not asking for advice from owners of bigger and better businesses. If you can’t find such people in your country then you should attend oversees confrences and learn from success business owners abroad. Also while picking executives and staff for your business you neeed to first figure out what traits and attributes you want the people helping your business grow to have. You need to have a clear direction for your business.
- A new small business owner has a lot to learn about things he or she has never done; a mentor to guide you can be very helpful.
- Establishing a strong network of business contacts can provide a base of information, tips, and other general knowledge you can tap into.
- Sooner or later nearly all businesses need to add staff, even executives; be sure you have a clear view on what skills and talents needed before beginning the hiring process.
“The problem for many CEOs is they have not had the experience of growing an organization from a small company into a thriving success.”