5 Startup Mistakes

CNN/Money Magazine offers these "5 deadly mistakes when starting a business" which include:

Here are five common mistakes to avoid, so you can build a successful business:

1. Too little cash.
2. Thinking small.
3. Skimping on tech.
4. Underestimating the importance of sales.
5. 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.