Warren Buffet once said that there are two important rules for suceeding in the stock market: 1) never lose money and 2) never forget rule number 1.

What he was implying is that you shouldn’t try to time the market, but that you should use time to your advantage. Wait and don’t make huge mistakes that cause you to lose money.

Similar philosophy is true in business. Time alone won’t grow your busines, that’s true. Agility and massive action are needed. However, it’s true that you have to avoid huge mistakes.

No matter how many hours you work and how dedicated you are, if you make mistakes – you’re going out of business. Especially if you make mistakes that could’ve been easily avoided.

Data is
important

There’s this idea in the market that you can tell how your business is doing. If you’re about to go out of business, you’ll just know. Right?

Not only is this notion dangerous, it’s also so obviously false. The issue isn’t the level of harm you will make your business endure with this philosophy.

It’s the sheer fact that you could’ve saved yourself a lot of headache with a bit of common sense.

This is why we always go back to data in our white papers. Because data really matters.

This white paper will also touch upon using data to eliminate guesswork and make better decisions.

Proper mindset is not enough

We’ve read so many posts that claim to want to help business owners online. The common theme we notice is the emphasis on mindset. Mindset, mindset, mindset.

We have no issue with working on your mindset, but in our content we see that as a given. Of course you’re motivated and of course you want to grow. Is wanting to grow your business enough by itself? Of course not. That’s why we focus on the meat and potatoes of how to actually grow.

When we talk about common small business mistakes, we won’t focus on just clearing your mind and meditation.

You need practical tools at your disposal, and we’re here to give them to you. We want you to have relevant information that will be useful to you when you make decisions that impact your business.