Mistakes are inevitable in life. But as rational beings, we don’t have to wait to experience one before we can learn.
There are people who have gone before us and made the same or similar mistakes. We can find these people and learn from their stories.
One of these kinds of people who have made mistakes in businesses who came out stronger is San Diego’s Sawyer Winston.
In this interview, this renowned entrepreneur from San Diego shared with us the things he wishes he knew before launching his businesses. This is with the hope that we would be able to pick some few lessons from his mistakes and experiences.
Sawyer Winston is known for sharing tips about business and success that will prove useful to you.
The Things San Diego’s Sawyer Winston Wish He Knew Before Starting His Business
Tell us one thing you failed to do before the launching of your business.
I wish I knew how important a business plan and market analysis were. For me, when I conceived my business idea, I believed that was all I needed.
I was so eager that I forgot the need to do a business plan and market survey. I failed to test the feasibility of my plans.
How did this affect your business?
Not having a concrete business plan and market analysis had a negative telling on my business. When I launched, the first few weeks was not with much troubles, but as time went by, the troubles began.
I began to respond to things as they happened because I didn’t prepare for them. And when I could not keep up with these, I felt the consequences on my business.
If I have done this feasibility plan, I believe I would have had a better chance with my business.
What other things did you think affected your business that you could have corrected before launching?
I was a novice when I launched my business, so there were many things I didn’t know. I wish I can remember everything now, but it has been a long time. The ones that really had effect on my business were
- Not learning how to keep customers and engage them
- Not knowing how to push my business to the right quarters
- Not knowing how to raise equity funds for my business
- Not knowing how to give my clients the product they want and satisfy them
All these and many more contributed largely to the success of my business at that time. Not knowing them affected my business negatively. But I was able to pick up and boost my business.
Are the things you mentioned still relevant for those who want to launch their business?
Yes, the principles behind all these things are still very much relevant. Though, due to technological advancement, the applications of some of them are a bit different. But you still can’t do away with them.
Do you have anything to say to business owners just launching their businesses?
Yes, there is a lot to say to them. But the most important is for business owners to take note of the mistakes of those that have gone before them. This would allow them to learn and escape the same mistake.
This way, their growth will be rapid. As an entrepreneur, you will need some tips on how to achieve success in business. You can check out what I shared about the seven podcasts for success. This would set your mind right and prepare you for success.