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What’s Missing?

When making important decisions be sure to look at all the information and data you have gathered regarding that decision but just as importantly, look at what data seems to be missing. Often times it is that missing data that can help you determine what the right decision is at the time.

Don’t Grow Too Fast

There are only so many hours a day for busy business owners and if your business grows too quickly, quality and service can slip. Our colleague Dr. Yvonne Randle at UCLA Anderson School of Management has created schedules and checklists to help you monitor growth to ensure you grow your infrastructure along with your business.

Have a Backup Plan

As much as we try to prepare and execute our businesses flawlessly, always have a backup plan for when things go differently than expected. There is no doubt that there is a little big of luck involved when things go right, but have a contingency when luck and your hard work don’t go as expected.

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