IDEA: Study others’ business mistakes so you do not repeat them.

One way to make sure you do not repeat others’ business mistakes is  study some of those who made these types of mistakes (sales marketing errors, production mistakes, cost problems, material sourcing problems, labor shortages or uneducated work force, etc.).  The best approach to this is find out from your employees what you major problems are and begin addressing the issues. One method you might try is to ask all your managers for examples of five mistakes they have made in their prior jobs and how they learned from them.  Presented to your employees, this is a great training method, presented by their supervisors who personally made the mistakes.  You can also try to hire an outside consulting firm that can help with these training to avoid common business problems. Many times outside firms will talk with employees and be the first to be able to understand the problems and offer solutions.