Up until now, we have reviewed four traps that are common in nearly every business. The first two capture you in start-up phase. The third and fourth traps are only encountered when a company encounters some level of success. The fifth trap of a company or organization is the declineRead More →
The success trap is the fourth trap that is encountered by the business owner. Earlier we shared the first three traps. The honeymoon trap and the “three feet from gold” trap both occur in the startup phase. The founder’s trap, (aka the entrepreneur trap) occurs during the growth phase andRead More →
I have a good sense of direction. I used to think this was something that was to be learned. After all, I was a Boy Scout, an Eagle Scout, no less. And we were taught all the skills of using a map and compass. I’ve backpacked in the mountains for daysRead More →
Once you have successfully managed to get through the honeymoon trap you had to navigate through the uneasy waters of a startup. You didn’t give up, and so you persevered through the “Three Feet from Gold” trap. Now you are finally having success. Your business is growing. You are hiringRead More →
I have talked myself out of several sales. And almost every honest salesperson will say the same. What’s more, I see executives and entrepreneurs that completely dismantle opportunities because they want to make sure they get every, and I mean every, aspect of their product or service offering on the table. TheyRead More →
Blind spots. You know what they are. If you’ve ever started to switch lanes and heard that disconcerting sound of another driver honking, you know that you have blind spots. It is such a danger that many of today’s cars have warning systems for us now. Like so many modernRead More →
In an earlier blog, I wrote about the “honeymoon trap”. This is the first trap of an entrepreneur. The second trap is called “three feet from gold”. And, like the honeymoon trap, it happens early in the start-up phase of a company. It is also one of the most commonRead More →
The Honeymoon Trap is the first challenge faced by the entrepreneur. We all know what we mean when we refer to the “honeymoon period”. But what is the honeymoon trap? The honeymoon trap often happens with start-up enterprises shortly after they get off the ground. One of a number ofRead More →