Comments on: Starting a Small Business: How to Avoid a Common Yet Deadly Mistake http://bookkeepingdirect.com/smartmoneychoices/starting-a-small-business-how-to-avoid-a-common-yet-deadly-mistake/ How to make your business thrive...one decision at a time Mon, 24 May 2010 13:21:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jeff Baas http://bookkeepingdirect.com/smartmoneychoices/starting-a-small-business-how-to-avoid-a-common-yet-deadly-mistake/comment-page-1/#comment-1775 Jeff Baas Fri, 16 Oct 2009 21:16:30 +0000 http://bookkeepingdirect.com/smartmoneychoices/?p=193#comment-1775 Thanks, Gabrielle. I can really identify with what you said about winging it. I've found that many business owners, especially new one, subscribe to the winging-it mentality. But I've seen even a lot of veteran business owners who still try to run their businesses off the top of their heads. I'm not sure what it is -- the adrenaline rush of making every decision on the spur of the moment, or a fear that the time it takes to formulate a viable plan will take time away from making money -- but winging it is a common shortcoming in many businesses. I like what you say about educating oneself about business entities and actually planning where you want to go instead of merely putting one's business out there and hoping to hop along for the ride. Great stuff again, Gabrielle! Thanks, Gabrielle.
I can really identify with what you said about winging it. I’ve found that many business owners, especially new one, subscribe to the winging-it mentality. But I’ve seen even a lot of veteran business owners who still try to run their businesses off the top of their heads.

I’m not sure what it is — the adrenaline rush of making every decision on the spur of the moment, or a fear that the time it takes to formulate a viable plan will take time away from making money — but winging it is a common shortcoming in many businesses.

I like what you say about educating oneself about business entities and actually planning where you want to go instead of merely putting one’s business out there and hoping to hop along for the ride.

Great stuff again, Gabrielle!

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