Running and starting a business is challenging. According to the SBA in 2019, they reported that 30% of new businesses fail in the first 2 years but 50% fail in the first 5, and 66% in the first 10 years! As a leader, you want to be keenly aware of the keys to success and pitfalls that can create challenges. Here is a great article from top coaches on 15 pitfalls to avoid as a business leader, especially as you get your business started and growing!
Losing Sight Of The Big Picture
In startup mode, many owners wear 10 hats and fill many roles. Working in the business is often essential to getting it off the ground. It seems unrealistic to have time to do big-picture reflection or planning. The problem is if you don’t stay in sync with where you’re headed, you lose sight of the target, go in circles, and get off track. Ensure that 10% of your time is in the helicopter. – Christy Geiger MCC, CPCC, Synergy Strategies Coaching & Training
