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.

Businessesintheknow.com Provides Business Owners and Leaders with On-Demand (Just-in-Time) Consulting

Knowledge is the new sources of competitive advantage. Companies need radically new knowledge to succeed in an environment in whole industries are created and destroyed or unalterably transformed by relentless technology, competitive shifts, and changing demographics.

Businesses spent over $60 millions in 1998 on training and that number more that doubled by 2006. Business leaders now increasingly view the billions they spend on training “not as an employee perk, but as a strategic investment, and their concern in how to increase the return on the growing training budget.

Businessesintheknow.com is the latest company to shift the education paradigm for business leaders and owners. According to Bobby Ellis, the CEO of Businessesintheknow.com “we are producing a new business lessons every week for business leaders and owners. Because we distribute our lesson in a music CD like format to our subscribers, they can listen to tracks that they need at the time that they need it.

How does this work in practice? Suppose for example a business owner going through a decision support system incorporating component through is asked a question about “Merger and Acquisitions.” Suppose further that the owner doesn’t fully understand the concept. They simple go to the 2GB MP4 Player scroll through the weekly catalog to find the week lesson that discussed Merger and Acquisitions. From their business leader can decide which of the five tracks they need to hear such as:

1. An overview and the history of the subject

2. Why the subject is relevant to businesses of all industries

3. Implementation

4. Case Studies and Examples

5. Summary and conclusions

Businessesintheknow.com New Program Takes Entrepreneurs by the Hand and Lead Them Through the Experiences of Other Successful Entrepreneurs

St. Louis, MO, USA. July 4, 2007 -- While most people dream about starting their own business someday, 95% of entrepreneurs make less than $50,000 a year- many of them going broke. Why? Simple— a large percentage of entrepreneurs don’t know what they’re doing.

Author, publisher and optimization coach Bobby Ellis has teamed up with Xspology.com and Peopleintheknow.com to created Businessesintheknow.com in hopes of changing that percentage. Businesses In The Know provides weekly consulting lessons, takes entrepreneurs by the hand, showing them step-by-step, how to start, build, manage, or turn around a business by using the experiences of others thriving entrepreneurs who have already achieved a higher level success.

The lessons comes from 6 MBA students, now graduates who have interviewed over 93 successful entrepreneurs and deliberated over 107 case studies in the past two years. This group of MBA’s dissected, analyzed, and consolidated the information they found into digestible chunks. Leaving only the key ingredients, strategies, and tactics that made each of these businesses tick. The information is then distributed every Friday through the to entrepreneurs free MP3 Players given to them by Businessesintheknow.com

“Fully 80% of wealth, and self-made millionaires came as a result of starting a new business,” says Bobby. “Most men and women who start businesses, while ambitious, don’t realize the range of skills, abilities, qualities, and talents necessary to be successful.”

Businessesintheknow.com gives entrepreneurs the information, resources and mentors they need to succeed and thrive in today most challenging environments. With practical and in-depth consulting lessons distributed to entrepreneurs weekly.

According to Bobby Ellis, a principle at Businessesintheknow.com “We’ve put quite a bit of thought and effort into this program. We have learned something about bridging the gap between understanding principles and being able to apply those ideas. A lot of it has to do with not playing the games that others want to play…especially if they have an advantage. If Michael Jordan challenged you to a game of basketball, with the loser paying the winner $5,000, would you play? Probably not. The key is not to play a game that you’re not comfortable or superior at. The same can be applied to your life and your business. The goal of businessesintheknow.com is to change the odds from against the entrepreneur to profoundly in their favor.”

Entrepreneurs who want additional information, or want to order a free sample of a Businessesintheknow.com consulting lesson can go to http://www.businessesintheknow.com/ . Visit the website or for additional information email bobby.ellis@businessesintheknow.com.