What mistakes do successful businessmen often make?
The 5 Big Mistakes Great Companies Make
- The vision becomes stale (fails to motivate)
- Culture gets secure and lazy (assumes survival)
- Neglects young companies that will become formidable (Blockbuster vs. Netflix)
- Fails to innovate with the industry and or customer demands (products become boring and services lose their appeal vs. competition)
- Incurred too much debt and not enough cash
