What business school will not teach you about running a company
How many times have I read about the stuff people wished they’d been taught at business school? Why do entrepreneurs have to go through the tough lessons themselves? I mean, sure, making mistakes and learning from them is all a rite of passage for business owners, but you get the hunch that someone at business school could have saved you just some of the bother.Here’s a few of my tips. I’m sure others have their own to add.Always know your cash position. Cash really, really is king.Automate where possible.Shit happens. But it’s never as bad as it first seems.Slow days are good. Use ‘em for thinking and brainstorming.When it comes to marketing: test, record, test, record. Rinse and repeat.Tough times won’t last, but tough guys and gals do.Never try to sell a business in a recession or when your business isn’t doing as well as it has in the past.
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