Businessesintheknow.com Help Business Owners Avoid Common Costly Mistakes that has Proven to Destroy Organizations

Businessesintheknow.com Help Business Owners Avoid Common Costly Mistakes that has Proven to Destroy Organizations.

What do the failures of Enron, WorldCom, Firestone, and HealthSouth all have in common? After a through investigation, the outcome show that each company made a serious of blunders. Each involved a complicated web of mistakes that were either, unnoticed, dismissed as unimportant, judged as minor, or purposely ignored in favor of a high-risk, high-payoff gamble.

Businessesintheknow.com is help small businesses avoid traps that we set for ourselves as business owners that lead to disasters and bankruptcies. According to Bobby Ellis, Businessesintheknow.com CEO, “Business owners can learn from one other. We can learn from the patterns of action or inaction that proceed disasters in a variety of business and non-business settings in order to avoid similar traps and patterns of mistakes.

Businessesintheknow.com is about discipline, culture, and learning from the experiences of others to improve the odds that a business owner can be successful and avoid all the accidents, disasters, or crises altogether. Even if a entrepreneur do not totally avoid such situations, knowledge of the typical patterns that occur should help them create an organization that is observant enough to intervene early and minimize damage.

There are lessons to be learned from looking at the mistakes patterns and commonalities in other organizations, especially since most organizations do no do a good job of evaluating their own mistakes even through they have the most information. We miss learning opportunities by not being curious enough to look deeply at our own failures, but we also miss a very rich set of opportunities when we do not look at the mistakes of others have made, especially when they have been well documented. We often miss these opportunities to learn from others because we believe, “Their situation was different – we don’t have much to learn from them.”

The reality is very different because studies show that while the specifics may be different across industries and situations, the patterns of mistakes preceding accidents are quite the similar. Learning does not always come from the sources you expect, like your own experience, your own industry, or very similar companies. It takes a bit of extra effort, but you can often learn more by looking at examples in an industry or situation that is markedly different behaviors. This is because without the burden of a set assumptions around what you “know” is the right or wrong way to do something, it is easy to observe the salient facts, absent all the distracting details, and quick to say, “They didn’t know that or why did they fail to follow procedure, etc.”

Businessesintheknow.com goal is to help entrepreneurs from falling into pitfall of costly and sometimes fatal mistake of other business owners, by giving them case studies that allow them to identify trends and opportunities that would have otherwise been missed.