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Share a mistake in your growth journey and the valuable lesson learned.
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Nadir Mansor
Be clear from inception of expectations and roles within the startup as oppose to postpone things to later stage with no concrete understanding as that may and to breaks that can hurt the business. learned this years ago. Candor and objectivity are important more so then keeping things superficially nice for the time being. If there is no consensus or agreement from the beginning then atleast you know and can change course as well as avoid wasting time and effort.
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Lesson: It's ok to grow slower and more steady. With that, you don't need all the big fancy things to play big business. Just focus on systems and growth, even if sales slow in the short term, it sets you up for better long term success.
Took on way too much debt growing too fast.
Lesson: It's ok to grow slower and more steady. With that, you don't need all the big fancy things to play big business. Just focus on systems and growth, even if sales slow in the short term, it sets you up for better long term success.
Great question! Taking on debt as Roland mentions is a big one. Also, finding the right partner. A bad business partner can send things sideways in a hurry and trash the business quickly. And make sure you have good governance in place. It can save a lot of grief.