Everytime I talk to someone about our businesses they say, "That's super that you're being so successful!" I appreciate their comments, but, honestly, any small business in its first few years (we're in our third) is fairly close to disaster. The potential for disaster can actually get larger as one's budget gets bigger.
That's why I always tell folks who have businesses to get good advisors. You have to be humble and ask for advice. You might get three different opinions on any single question, but it's more likely they will start to echo one another -- a signal you need to pay attention. Anytime I want to make a bold move (ex. a new hire, new equipment, a new way of marketing) I talk to a few of my advisors. Sometimes it will become clear that I need to go ahead with the move. Other times it's clear I need to wait, maybe even switch focus.
I see businesses fail around me for what must be a host of reasons. But I suspect that a lot of the time it is because the owner had a one-track mind and didn't listen to good advisors.
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If you ever want out-of-the-box, comlete gibberish advice, please feel free to call any time after midnight.
I believe I was once in a marketing movie with Dudley Moore.
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