Dumb Little Man | Tips for Life

As an online entrepreneur, you will most likely make your share of bad decisions. You are not perfect and that’s perfectly normal, it's part of the process and it makes us stronger.

As you dive into a new business, or any venture really, you basically have two tasks that trump nearly anything else:

• Learn from your mistakes
• Learn from the mistakes other people have made

It sounds simple but it's often overlooked as entrepreneurs tend to take the, "I'll do it my way" attitude. If you are over that, and are interested in learning, here are 5 business decisions you need to think twice before making:

1. Neglecting Your Business Model
   Sure, you may have what you think represents an excellent idea and want to get started right away. As a result, you may feel tempted to neglect spending time on your business model and, instead, choose to launch your project as soon as possible. That, however, is a huge mistake you need to steer clear of, as it is easy to understand why a structure built on a shaky foundation will not last.
   


2. Not Having The Right Priorities
   There are more than a few tasks you can spend time on but that doesn’t mean that each and every one of them is worth it, not by a long shot. The day only has 24 hours and being selective is simply a must. Always have the right priorities and act accordingly. Otherwise, you may end up realizing that most time-consuming tasks were simply not worth it and, of course, regret your decision down the road.
   


3. Not Having an Open Mind
   A lot of folks think that just because something is working out for them (a certain website promotion method, for example), they should stick with it and not look into other options as well. It should come as no surprise that, after that method stops performing well, the reality check they will be facing will make them wish that they had been wiser.
   


4. Not Delegating
   Do you really think that you should handle each and every insignificant task yourself? That is never the way to go and such a way of thinking is never recommended. At one point or another, you will simply not be able to stay on top of everything and delegating, if done right, can certainly work wonders.
   


5. Not Tracking Results
   Let us, once again, take website promotion methods as an example. Since there are virtually unlimited options to choose from, investing time or money foolishly is something you cannot afford to do. As a result, tracking results is simply a must because, in the end, it’s all a matter of trial & error.
   
   Always remember one word: “investment”. Be it an investment of time or an investment of money, you most definitely have to track results in order to identify what is worth your time or money and what is not.

All in all, these 5 business mistakes should definitely be kept in mind. You’d be surprised as to how many online entrepreneurs end up not being able to maximize results because of them. Are you about to let that happen or did you learn from their mistakes?

Best wishes,

Alan Johnson