Have you ever put your head in your hands and uttered the words “why does every business mistake cost me money!”. Its always the way isn’t it, the chances we take or even the most thought out business decision that goes wrong costs you financially.
Of course, the opposite is also true, the business opportunity you didn’t take but should have done that would have netted you significantly financially.
You are not alone, imagine if you were the top management team at Blockbuster video, who in 2000 laughed out of their office the management team from a newly formed Company called Netflix.
Netflix proposed that it would handle Blockbuster's online component for it, and Blockbuster could host its in-store component, removing the need for mailed DVDs. According to an interview with former Netflix CFO Barry McCarthy, "They just about laughed us out of their office." Blockbuster later closed shop (literally) and Netflix went on to thrive.