Here are five common mistakes to avoid, so you can build a successful business:
- Too little cash.
- Thinking small.
- Skimping on tech.
- Underestimating the importance of sales.
- Losing focus.
BOTTOMLINE: At Six Disciplines, we assist organizations in understanding and preventing these 5 mistakes (and many others) - by concentrating on #5 - Losing Focus. All businesses lose focus at one time or another. By creating a vision, mission, strategic position - then establishing goals, and individual plans to execute on a daily basis, organizations develop their core competence to become more skilled - and disciplined - in their approach to strategy execution. By doing this, they do NOT lose focus.