Following on from an insightful travel business blog site called Travelblather by Jeremy Head about the reason why Simonseekers failed, I must confess here that, as much as it is a tragedy and a waste, Simon Nixon is not alone. I have made the same mistake myself, though I believe the mistake is not easy to make. To fritter away such masses amount of precious investment capital takes some doing. It borders on reckless behaviour and insanity. I was guilty of both at the time, though several decades ago I am pleased to report.
How are monumental mistakes made, such as Simonseekers (a venture by Simon Nixon of travelsupermarket.com fame)? How could it have been avoided?
These larger mistakes happen by not fully understanding the success that one is, or was, ‘in’. When one attempts to replicate it, or transfer it, for the most part it doesn’t work. The root problem stems from a lack of knowledge and and a failure to fully grasp the fundamentals and drivers of success in the (first) business. It also strongly supports a suggestion that the original success had much to do with luck, plus being in the right place at the right time (which also has something to do with luck).
Avoiding making these kinds of mistakes, starts with self improvement and working to be the kind of person who would never make a mistake like this (and in my case, never again). However even well-educated, sober and logical people also need to operate a healthy support network when they are in business. The secret in business is about ‘getting the right people in your corner’. Wise members of one’s family can fit the bill, wise people in your area, business associates, industry gurus, but almost everyone needs a little assistance to ‘beef’ the network up to get the results they really desire both professionally and in terms of bottom line business performance and sustainable profit growth.
So we are agreed. Get external help and advice on your plans, business model, and on a never ending and constant improvement programme for your company. It doesn’t even cost much in financial outlay terms, since the right kind of business support professionals are normally well-versed in performance improvement, being paid in part on anticipation of results and partly as a result of success.
So the moral of the story is seek help, seek it early, and seek the right kind of help; but where does one go to find the right kind of business support that will make tangible increases in productivity and contribute directly to improving financial results within the same financial year? The internet is the answer. It is a rich source of information if used correctly. Online business service finders help find a business consultant that is best suited to your business needs and budget.