The Dog Ate My Business Plan
published: December 23rd, 2009
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From Guy Kingston “The Dog Ate My Business Plan”
Failed businesses need to learn to stop looking for someone else to blame. Business is risk. Sometimes those risks do not pay off. Accept it. When a business fails, make no excuses. No one is listening. No one cares. Instead, turn failure into a positive experience. Be honest about what you did wrong. Perhaps the whole thing was a bad idea from the start. Perhaps the idea was good but you handled it badly. Either way, once you have identified your error, move on to your next business, knowing that you are stronger because you will not make that same mistake again.
Recession on its own should not destroy a business. It merely exposes the weakness of its existing strategy.
