Growth strategy

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Top 10 fatal start-up mistakes

1:00AM | Monday, 7 January 2013 |  Just about every successful entrepreneur has a “near death” story about their early days in business. However, with insolvency figures on the rise, here are 10 slip-ups you can't afford to make. BY OLIVER MILMAN.

Should I branch out to start another business or stick to what I know?

3:52PM | Monday, 28 March 2011 |  If you are to diversify, stick with a product that you sell to your existing customer base and that can fit within your brand.

My business plan is too long. What should I hack out?

6:55PM | Wednesday, 1 June 2011 |  Think about your business plan the same way that the chef thinks about creating her next menu – it has to have all the ingredients that the customers want.

Is hiring a business mentor expensive?

5:01PM | Tuesday, 10 May 2011 |  The best mentors are those that don't need to charge a fee to mentor. They do it because they like the person who has asked them and they want to help in some way.

Start figuring out where you will be in three years time

8:00AM | Wednesday, 8 August 2012 |  Today we’re going to start a process that might take you months to finish. The task is simple – figure out where you want your company to be in three years.

How can I motivate my staff?

7:58PM | Tuesday, 26 July 2011 |  There are plenty of easy ways to acknowledge the contribution from your staff and boost morale – imperative for keeping a team ticking along happily.

Should I put together multiple versions of my business plan?

9:24PM | Tuesday, 13 September 2011 |  Writing one business plan is a big enough task within itself – there is no need for two.

How can I ensure that my business remains nimble as we grow?

7:00AM | Tuesday, 17 July 2012 |  You're quite right to be worried about remaining nimble. Procrastination is the enemy of any start-up.

Break a workplace habit

7:00AM | Tuesday, 3 July 2012 |  Your challenge today is to look at something in your business that you just know you can improve on, but you’ve resisted doing so for fear of rocking the boat.

Keep a journal

6:00AM | Tuesday, 19 June 2012 |  Reflecting on your lessons, problems and insights can have unexpected benefits. So it’s time to put pen to paper.
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