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Katie Cannon’s Top 10 Mistakes from the First 10 Years in Business

Dear Gold Medal Community,

As children’s activity and sports entrepreneurs, we know that making mistakes is not a setback but a stepping stone toward growth. Entrepreneurial spirit is all about taking risks, learning on the fly, and continuously pushing boundaries. It's a journey, and mistakes are an inherent part of it.

Top 10 Key Mistakes and Lessons from My Early Years:

  1. Choose the Right Mentor

  2. Simplicity Scales: Keep your brand clear and laser-focused.

  3. Decide on Your Business Model: Understand what works for you and stick with it.

  4. Ensure your team aligns with your mission, values, and possesses the right skills.

  5. Establish a Solid Foundation: Take time to build a foundation that can sustain your business's growth.

  6. Delegating vs. Advocating Responsibility: Delegating tasks is crucial for scaling, but don't advocate responsibility.

  7. Don't neglect foundational elements; consistency is key.

  8. Place your team members in roles that align with their skills and strengths.

  9. Monitor Cash Flow

  10. Utilize Cost-Effective Resources

These lessons are not merely mistakes; they're invaluable learning experiences that have shaped my journey and contributed to my growth and success. Embrace your journey, learn from your experiences, and keep moving forward.

Learn more about the Top 10 Mistakes from Katie’s First 10 Years in Business.



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