Lately we’ve been doing quite a bit more earning than “learning”, but that wasn’t always the case…we’ve had quite a few failures we had to learn from first. In episode 10 of the AdSense Flippers Podcast, we decided to get a bit more personal and share with you and clarify some of those failures we’ve had over several companies we’ve been involved in. It seems so much easier to write blog posts about your failure than it does to talk about them openly, but we’re hoping that by sharing with you our experiences and lessons learned, you’ll be able to avoid some of the mistakes we’ve made and quickly make corrections if you see any of the same problems looming in your business. Additionally, we’re hoping that talking about them will help us avoid falling into the same traps and be able to better recognize when similar situations are presented to us in the future.
Business Failures and Lessons
We really have had more failures than successes it seems, which is typical for most start-ups and entrepreneurs. We’ve broken the heart of the episode into three distinct areas that include our Real Estate business, our outsourcing company, and our internet marketing efforts over the past 14 months. We cover both the reasons we think we fell into the traps we did and the things we took away from those mistakes that will help us avoid similar issues in the future.
This week’s episode was a bit rough for us…we hope you get some value out of it. If you thought it was helpful, please consider letting us know what you think on iTunes! Here’s the link to the podcast on iTunes. Thanks in advance!
Topics Discussed This Week Include:
The AdSense Flippers Facebook page and our latest iTunes review in Russian…sweet!
A new KW research tool we’ve been testing and one of those “ebooks” that wasn’t as bad as we thought!
Poor partnership and planning doesn’t make for a sound business strategy
Failing to pivot correctly and clinging to a dying industry sucks…
There are no guarantees when it comes to contracts…ouch!
Providing a unique value proposition can help you avoid a race to the bottom when it comes to pricing
Cancerous staff can bring down the organization…cut them quickly
Specialize, but make connections in related industries to share the wealth
When you see the light at the end of the tunnel, get ready quickly so that you can come out running