October 28, 2016

CEO Sounding Board

Florida CEOs answer: What are two common mistakes small businesses make?

Mike Vogel | 1/31/2012

Bill Grimm
Professor of Practice in Entrepreneurship and Negotiation Crummer Graduate School of Business - Rollins College - Winter Park

1. "Not realizing how hard it is to raise capital, usually from angel investors — we are talking about mistakes made by businesses that are in the process of or intend to raise capital from investors. Most entrepreneurial companies view prospective investors as suppliers when they should view them as customers."

2. "Failing to focus on strategic opportunities and chasing every perceived opportunity. Almost all entrepreneurs have a fear of passing up what they perceive to be an opportunity, and they spread themselves way too thin."

Bill Grimm
[Photo: Eric Blackmore]

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