As far-fetched as it sounds yes there are lessons to be applied to your business. And here is my take:
Lesson number 1: Have a contract in place. You might never have to use it; you have no intentions of using it, but it spells out obligations of all parties involved. It gives you a clear plan and vision of what involved parties want, what will happen when there is a deviation from an agreement (do not read too much into this word “deviation”), what consequences will follow, and an exit strategy.
Lesson number 2: It is good to learn from someone who already has the experience. Having a mentor or a coach is brilliant (hence why we introduced “Business Psychiatrist”). You will gain an experience from someone who already is an expert in the field (and if they are good looking this does not hurt either). They are willing to pass the practical information to you, so you might avoid some of the mistakes, hence your profit margin increases. So chose your coach / mentor with care, and remember you can always terminate the contract if you do not like their service.
Lesson number 3: Everything has a life span. As perfect as life is “The only thing constant in life is change” François de la Rochefoucauld. So have a plan “B” just in case.
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