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If Only I Knew

“If only..” “I wish we had known that then...” “Why did nobody think of that?” “  “It is so obvious now!”

Recognise any of these?

At PNE we do; it is hindsight or post event recognition. It means the outcome of some action could and probably should have been better.

We have invited successful people associated with PNE to share some of the moments in their businesses that could have been avoided in the hope that having read them we will all avoid them in the future!

We felt we could not ask others to disclose their business blunders without putting our money where our mouth is. So, we’ve included two mistakes that PNE has made and, thankfully, has not repeated!

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PNE Group

Do not to let hype cloud your business judgement; and stick to the business you know best. Sometimes it’s the right decision to decline an “unmissable” opportunity!

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Senz Umbrellas BV

Our first batch of 10,000 units contained many unexpected teething problems. Other entrepreneurs had warned us not to produce too many umbrellas in our first batch, but we were naïve enough to think that such things would not happen to us.

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Clay Works
Clayworks

I think the biggest mistake I made was in starting my business as a partnership with someone who did not have a financial stake in the business.

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Stick Theory

It’s a fine line between confidence and arrogance; and it’s a fine line between self-belief and blind-belief. The former is essential but the latter is stupidity.

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Steve Bainbridge, The Beat Suite, Newcastle upon Tyne
I don’t think our business could have functioned without the support PNE offered us.”