MISTAKES BOSSES MAKE

  • Using their own time working in the business instead of on the business
  • Doing extremely well that which they should not be doing at all
  • Letting the trees get in the way of seeing the forest
  • Doing work in-house that can be more cost-effectively outsourced
  • Getting so bogged down in details that they fail to keep their eyes on the big picture
  • Letting things happen instead of making things happen
  • Paying for 100% of someone’s time when you don’t need that much
  • Failing to retain specialists to do specialized work
  • Overwhelming themselves with paperwork and detail that can be delegated
  • Making subjective decisions without objective expert advice
  • Over-estimating their own understanding of p & l, balance sheets, projections, cash flow, where the money is coming from and where it’s going

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