5 Mistakes Leaders Make That Keep Their Companies From Growing

5 Mistakes Leaders Make That Keep Their Companies From Growing

 

  1. Becoming complacent. No matter how comfortable the status quo is, stagnation only leads to failure down the road.
  2. Pouring money into a failing project. When a venture fails, it’s best to learn from it and move on rather than dump more resources into a clunker.
  3. Entering a new market without the requisite knowledge. Don’t overreach – only expand your business’s focus when you really know what you’re getting into, inside and out.
  4. Focusing on the short-term. Never take an immediate win that will jeopardize long-term success.
  5. Succumbing to analysis paralysis. Overthinking is fatal. Stay nimble and informed, but don’t let it stop you from actually acting.