doozers and losers: my favourite business mistakes

Devilish angel investors, pissed off magazine editors, princess-style spending, red flags firmly ignored. I’ve made some fabulous mistakes in the name of fame, fortune and reputation management. It is my most earnest wish to save you from a few of them.

WHAT WAS I THINKING?

1. No partnership agreement.

No one gets married to get divorced. Business unions are no exception. You’re high on possibility, you’ve signed the lease, you love that your strengths and weaknesses “compliment each other.” You’re in it to win it. What could go wrong? Everything.

Holler for a pre-nup, sugar. The mere exercise of developing a partnership agreement will illuminate the unspoken fears and foibles that usually stay hidden until the shit hits the fan. In my last partnership we assumed that we’d always be on the same page, in agreement. And it wasn’t so much that entrepreneurial bliss had us too starry eyed to create a bonafide and binding partnership agreement, as it was the fear of the confronting some very sensitive leadership and lifestyle issues – and risking that if push came to shove, someone might get shoved out. Very big mistake.

2. Ignored my own 8 Second Rule*

(*my personal theory that you get ample intuitive information about someone in the first 8 seconds of meeting them. Ample.) Consultant Boy stood me up on our first meeting. He called two days later to re-schedule. “Did he apologize or explain?” I asked my assistant. “Nope.”

I hired him (and as an employee no less.) I thought he was the only game in town and that I could teach him some respect. a) Nobody is ever the only game in town. b) Save your respect lessons for kids. As for grown ups, it’s a basic perquisite.

3. Got a workspace too soon.

This is one of the mistakes that I love saving my Fire Starter clients from. It usually goes like this: “But we need a stylin’ place to see clients, so you know, they take us seriously.” Nine times out of ten, you don’t, not at first. I know guys grossing a million/year with teams of 5+ who don’t have an office. This is what Starbucks and swanky hotel bars are for. The overhead of space can drain you fast. When times are lean, rent will be what you resent paying for the most, and it will be the last thing you are able cut.

4. Tried to force simpatico with designers.

If a graphic or web designer doesn’t get within easy reach of your expectations in the first round of concepts, chances are slim that it’s going to come to a delightful conclusion. Aesthetic understanding can’t be forced. It’s like trying to teach someone how to be a good kisser – feelings get hurt and it never feels quite as satisfying as you wish it did. Fire designers early. Move on quickly. This is where kill fees come in very handy…

5. Not discussing kill fees or exit strategies at the get-go.

You’re a third way into a project that started with a strong vision and deliverables. But things get weird. And weirder. You’re starting to feel like a sucker because you’ve paid 50% upfront, but it’s time to pull the plug. Zoinks. Getting money back from a service provider is like asking for teeth back from the tooth fairy – long gone. Now I have conversations in the first agreement meeting that are as simple as this: “I know you’re going to rock this, but what if aliens invade your mind and you miss the mark? How much to cut bait and at which point?”

6. I put it in writing.

I’ve gotten into more sticky situations because of what I put in writing than what I didn’t. Sometimes it’s in your favor to keep it loose, contracts can bite. This hard-earned theory is not about reneging or changing the rules as you go. It’s about not making promises to overly litigious, neurotic people who’ll ignore the spirit of collaboration and the natural course of life in favour of the fine print.

It’s a tough call to know when to keep it loose and when to lock it down in writing. At this point in my entrepreneurial/Priestess career, if someone must (as in panicky and antsy,) have something in writing, it’s a red flag for me. I prefer the integrity of one’s word, especially my own. I like contracts for complex projects, though and I never sign anything that I don’t fully understand.

7. Offered people too much, too soon.

I’m an optimist. I believe in love, and human potential and the search for intelligent life. And after a few too many early-hires, too-soon raises, and resented percentages, I’ve become a big fan of optimistic-but-incremental commitment.

This gives you leeway for mutual accountability, prerogatives, and the space to see how much you’re capable of when you believe in your own talent – and the mistakes that helped you hone it.

related posts
Energy parasites and addiction to chaos-Danielle-LaPorte

Energy parasites and addiction to chaos…and other things to weed out of your life.

Women and feminine-identified types specialize in beginnings, not endings. We prefer to nurture, not exclude. This of course is spectacular and divine and… challenging. Because destruction is essential to creation. Something has to die for your dream to be born. And by that I mean… you may need to cut off it’s life/lie supply and send it down the river to die.

Danielle-Laporte-I saw a Muslim man-Audio

I saw a Muslim man roll out his prayer carpet…

I saw a Muslim man roll out his prayer carpet in Union Square park
to prostrate to his god.
People, dogs, pigeons, were passing by his intimacy.

Danielle-Laporte-My Very Personal Hurt

My Very Personal Hurt, Suffered, Cried, Tanked, Flopped, Crawled, Begged for Mercy List. May it bring you comfort.

My very personal hurt, suffered, cried, tanked, flopped, crawled, begged for mercy list. May it bring you comfort. Because here’s what I know for SURE: You are never the only one. And there’s always a way through. Always.

Collective-Pain-Danielle-Laporte

Are you feeling the “collective pain”? Here’s how to manage that…

A lot of us are experiencing our own personal pain AND tapping into global, collective pain at the same time. We’re marching, or emphatically not marching. We’re crying in the kitchen, out of the blue. We’re heavy with emotion by noon.

My loves, it’s critical that you let the pain move through you. You have to keep letting it go. And like, there’s no need to worry about being too detached from what’s going on. Because there’s new pain arriving daily. If you’re awake you will hurt. I’m with you…in profound agony over the state of the world. And, my faith and resolve are brighter than my doubt and stronger than my grief. It’s an hourly practice to find that balance.

Danielle-LaPorte-How-to-be-yourself

How to be yourself…when you can’t really be yourself.

“Just be yourself.” Most common self-help sermon ever. I’ve been preaching it for years. Except…being yourself doesn’t always work. Sometimes it’s dangerous. Sometimes it’s not worth the frustration or the futility.

Danielle-LaPorte-Having-Faith-Audio

There is nothing passive about “having Faith.” (And how to deal with doubt).

Faith is the “work” in “Light work”. It scrubs and rinses and steadily erases doubt. Faith stays on doubt’s ass: I see you. I dissolve you. I replace you with Faith. And then doubt will pop up again. And Faith is right there: Yep, I heard you. I choose faith. Yep, I know the odds, I choose Faith. And because Faith knows the natural order of things, she says to doubt: You’ll probably be back later this week. And you might even distract me. But I’ll still choose Faith. No anger, just clarity. No complaints, just pure, fiery resolve.

Danielle-LaPorte-Failures-traced-to-my-silence

All of my failures can be traced to my silence.

Truthing isn’t necessarily easier to do, but it brings incredible ease to your life. And the more you do it, the easier it becomes. The courage, the classy delivery, the compassionate humour, it all becomes more accessible when you’re using your voice everyday.

Will you do as much as it takes, as long as it takes? 2017 is asking

Will you do as much as it takes, as long as it takes? 2017 is asking.

Listen. It’s time. This is it. 2017. New. Year. Now. I for one am going deeper and higher. I’m reaching inward for my strength, facing my Soul, and I’m going to pour my devotion to the Light all over every word I speak, and every human I encounter and adore and hold, and every cause I’m working for.

danielle-laporte-how-to-wish-someone-well-audio

How to wish someone well — in a way that will blow your life wide open.

We’ve all been hurt. Screwed over. Taken for granted. Unseen. And once we untangle our hearts and egos from those painful interactions, sometimes we can still manage to send someone positive vibes.Harm done, but okay. Everyone did their best. Onward. I wish them well. And even though you’d never commune or collaborate with that person ever again, you really mean it…

Danielle-LaPorte-Year-in-review

5 Q’s for your deeper Year In Review

Do your year in review with a friend. Last year I sat in a pub in Ojai, while Steph pushed me to do a rapid-fire reflection on the closing year. Keep reading…

Pin It on Pinterest

Share This