Bedros Keuilian Podcast Show 086. 10 Big Mistakes that Almost put me out of Business
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May 21, 2024 This podcast shares valuable insights on avoiding big business mistakes, the importance of selecting the right partners, navigating financial challenges, and maximizing success through strategic delegation. It emphasizes learning from past mistakes, balancing product development with sales, and the significance of capital raising and effective communication in business growth.
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Rules For Choosing Business Partners
- Know partners for at least 12 months and confirm shared work ethic and urgency before joining.
- Only partner with people who add distinct skills, capital, or complementary roles like visionary vs integrator.
Ship Before You Perfect
- Prioritize marketing and sales over endless product tweaks to validate demand.
- Put your product in market fast and use customer feedback to drive improvements.
Personal Debt Nearly Broke Him
- Bedros describes maxing out credit cards and using home equity while building his business.
- He regrets risking family security and suggests raising capital instead of going deep into personal debt.