By using Apprenticeforums services you agree to our Cookies Use and Data Transfer outside the EU.
We and our partners operate globally and use cookies, including for analytics, personalisation, ads and Newsletters.

  • Join our UK Small business Forum

    Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK


    Join us!

What would you do differently if you had your time again in business?

G

Goingitalone

Member
Verified Member
I would be very interested to learn what you might do differently if you had your time again from the start of your business career. My biggest regret is not expanding when the company was doing well thereby introducing a number of different income streams and reducing overdependence on one part of the business. I am still working on that but because the business is dominated by one income stream it is difficult to find time to introduce another. Does that make sense?
 
Needhelp

Needhelp

Active Member
Verified Member
In hindsight I would have been as cost-conscious in the good times as I have been in the not so good times. Unfortunately, when my business was doing well I failed to put away money for a "rainy day" and when that rainy day came this meant I ended up living from month-to-month. That is the one big thing I would change.
 
barry100

barry100

New Member
Verified Member
I would have kept my staff and tolerated them.
 
Needhelp

Needhelp

Active Member
Verified Member
Sorry, I think I may have confused the matter. I am self-employed and work for myself so I have no staff. What I was meaning was that in hindsight, to help with the difficult times, I regret not putting money to one side in a separate account.
 
GailFrem

GailFrem

New Member
I've been listening to more and more podcasts and attending seminars on How to Enjoy More Freedom & Financial Abundance, and it now makes so much more sense.
 
GailFrem

GailFrem

New Member
I've been listening to more and more podcasts and attending seminars on How to Enjoy More Freedom & Financial Abundance, and it now makes so much more sense. I wish I'd been a better listener and pay more attention to the opportunities that were presenting themselves every now and then. I was pretty limited and probably a bit afraid to expand and grow, postponing such opportunities until they stopped appearing altogether. I was so focused on the present that I "forgot" to think about the future, about desired long-term results. Also, I should have accepted any kind of help I could receive like coaching and mentoring, instead of being afraid to share my thoughts and plans with potential business partners.
 
jessicaherron9

jessicaherron9

Member
Verified Member
Slow down big decisions -- when you aren't sure. You have to move fast and break things, but if the pit in your stomach says "maybe don't do that" -- slow that decision down. At least, sleep on it. My biggest mistakes were when I said roll the dice, but my gut wasn't sure the downside risk was worth it.
 
Top