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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