Are you fond of using your credit card to make purchases in your favorite store? As far as you are concerned, the store cashier or your waiter just gets your credit card and swipes it on their little machine that produces a receipt for you to sign. At the end of the day, as long as there are no discrepancies with the statement of account produced by the credit card company and what you actually spent, you be at peace and you can rest easy.

Myths—these unconscious or semi-conscious beliefs have a strong influence on how we orient our behavior and actions. The ones that seem to influence us the most are directed towards our personal lives. But, there are business myths that have a profound impact on our decisions. The problem arises when some of these myths are believed to be true when in actuality they maybe false or only partly true. The goal of this article is to explore some of these business myths and their accuracy.

Our calendars are full, and our to-do lists are long. Today we argue our time is limited and too valuable to stop and just think. Even so, there are a variety of times in our professional and personal lives when we will especially benefit from looking at the past to help us prepare to be more successful in the future.