Today’s lesson comes from Peter Jones, an investor and judge in the British reality television program Dragons’ Den and the American reality television program American Inventor:“As a young businessman, I would have said spotting a gap in the mobile telecoms market that enabled me to build a multimillion-pound company [was my smartest business idea].
But now I believe the smartest decisions are about the people I employ. As a younger entrepreneur I trusted some companies too much and so extended credit. This cost me a lot. Now I ask more questions.”
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