Don’t assume a person cc’d on an email agrees with anything that was written. Resorting to personal attacks against the cc’d individual is classless and can only serve a negative purpose.
Don’t Sign a 5 year lease with a large rent based on a budget. Budgets don’t always work out, especially when you are making them with no experience in the business.
Consider your business as a glass half empty situation. By focusing on what could go wrong, and fixing it and planning for it, you will improve your outcomes dramatically, by being ready for objections and other sure to occur challenges.
Don’t forget to take care of yourself. Owning a business is a lot of work – probably more than you thought, particularly when first starting out.
Just like marriages, having a business partner is not always easy. When times are fruitful and money is plentiful everyone get a long. In tough business climates and when moneys run short that is the real test.
My biggest mistake is I let my ego get in the way of the most important aspect of a business, teamwork.
I did not ask enough questions before handing over money to buy into the franchise.