Welcome to the Back Bedroom to Big Business podcast hosted by the experienced entrepreneurs Dino Tartaglia and Simon Hartley. During this weekly business podcast, Dino and Simon discuss the many route to being a successful entrepreneur. Both Simon and Dino have run successful businesses on their own. They've come together in this podcast with the hopes of helping you! Welcome to your new favorite podcast for entrepreneurs.

In this episode, Dino and Simon tackle the first in their series of five fatal mistakes, obsession. (See episodes 1-5 for the successful characteristics series.) Dino advises that failure to recover from some of these mistakes can cause your business to fail miserably. Before getting started with the topic for today, our hosts give a quick rundown about this series of mistakes.

Five Fatal Mistakes:

Obsession/denial
- My creation has life
- Microwave mindset - need for speed
Misunderstanding urgency and mistaking it for speed
- Thrill of the chase - irrational exuberance
Danger of overexcitement
- Wrong trousers
Showing up as the wrong person in your business
- There's no spare toilet roll
Running out of cash/cashflow

When asked what is different about their business people will often give a lot of emotion and not data. No one wants to hear that their business plan is the same, irrelevent, uneeded or set up to fail. You have to let your baby (business) grow up and not be blindly and emotionally obsessed then creating a blindspot. When you are in the process of making a decision are you using rationale or emotion?

"People describe their business as their baby."

"We're different and we care more . . . that's exactly what every recruitment consultant I've ever heard says."

"We don't often operate logic and emotion at the same time."

"Cant see the forest for the trees because you planted them."

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BB2BB007 Fatal Mistake #1 - Obsession