TODAY'S INSIGHTS

Common Mistakes First-Time Entrepreneurs Make

There are a handful of common mistakes first-time entrepreneurs make, and when you recognize them early, you can avoid painful and costly lessons down the road. These are the eight most common mistakes made by entrepreneurs.
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The Benefits Of Open-Ended Questions In Business

I always advise people to ask open-ended questions to which they don’t already know the answer. The benefits of open-ended questions in business are endless, as possible answers are many and can provide massive, often unexpected breakthroughs.
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Profitability Checklist: 10 Checkpoints Of The Profitability Packager

When I assess new ideas or capabilities, I use a checklist to see if there is a comprehensive, realistic, step-by-step structure to develop them. I created the Profitability Packager checklist to support that process so anyone using it can move forward with greater clarity and more confidence in an idea’s profitability potential.
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What To Do When Good People Make Mistakes

In a recent conversation with Dan Sullivan, a client asked how Dan would handle a situation where a team member who thinks they’re doing the right thing actually does the wrong thing. The client said he realized that getting mad and expressing his frustration would almost guarantee that the team member would be defensive and less engaged for the next week, lowering productivity. “What’s a more effective way to deal with this?” he asked Dan.
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Take Charge Of Your Happiness With This Mental Hack

Compared with the general population, entrepreneurs tend to be extraordinarily high achievers. By definition, they’re self-motivated, innovative, and resourceful—and the marketplace rewards them for becoming more and more so, reinforcing the habit of high achievement.
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How To Avoid Micromanaging And Still Get The Results You Want

As an entrepreneur, one of the biggest dangers is to give in to the temptation of becoming a micromanager of some, if not all, aspects of your business. After all, it’s your company, so you know it better than anyone else, and you also have the biggest stake in its future. But micromanaging can be demoralizing, both for the person doing it and for those on the receiving end, and, ultimately, it’s counterproductive to achieving your goals.
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Finding Focus In An Age Of Distraction

Many entrepreneurs have a fantasy about arriving at the office absolutely focused, knowing exactly what they’re supposed to do, and spending the entire day doing important work without ever getting off track.
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What Is An Integrated Entrepreneur?

All innovations happen when people use their experiences in a new way. The greatest inventors and entrepreneurs are able to come up with new ideas because they see something, usually something everyone else is seeing, in a different way. They see different possibili­ties and potential—ways to make things bigger, better, faster, or cheaper that no one else had ever considered or acted upon before.
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Helping Entrepreneurs Recognise The Solutions To Business Problems

Being an entrepreneur is a meaningful venture that many have chosen to embrace with the dream of forming their own successful business. It is a way to take your unique ideas and turn them into something real, and better yet, profitable. However, that doesn’t mean entrepreneurship doesn’t come with its share of problems. 
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