The Top Mistakes Small
Businesses Make and How To Avoid Them!
Running
an efficient small business requires you to become a jack of all trades. It
means being skilled in sales, marketing, product development, customer service,
database management, HR and more. It's crucial to focus your attention on what
matters most. Here are common mistakes small business owners make and how to
correct them!
Avoid the " Double Helix Trap" When small business owners are busy, they may neglect any sales and marketing. Instead develop a method to stay in touch with prospects over an extended time frame through e-news letters, social media, or other channels. Build relationships with customers/provide them with useful information.
Embrace your strengths. People want personal attention and flexibility. These are things a small business shines in, so not being a large corporation has its positives. Customer relationships and ability = future success.
Cash is king. Learning to read and monitor cash flow statements is critical. Business owners sometimes focus too much on sales and profits instead.
Complete two essential tasks a day. People mistake being busy for being productive. When running a small business, you can't afford to waste time with non-essentials. At each days end, have two things you've got to get done for the next day. Do these two things before checking emails, voicemails or Facebook. When you check other things, you may lose control of your day.
http://www.forbes.com/sites/dorieclark/2013/12/17/the-top-mistakes-small-businesses-make-and-how-to-avoid-them/2/#100778e2293e
Avoid the " Double Helix Trap" When small business owners are busy, they may neglect any sales and marketing. Instead develop a method to stay in touch with prospects over an extended time frame through e-news letters, social media, or other channels. Build relationships with customers/provide them with useful information.
Embrace your strengths. People want personal attention and flexibility. These are things a small business shines in, so not being a large corporation has its positives. Customer relationships and ability = future success.
Cash is king. Learning to read and monitor cash flow statements is critical. Business owners sometimes focus too much on sales and profits instead.
Complete two essential tasks a day. People mistake being busy for being productive. When running a small business, you can't afford to waste time with non-essentials. At each days end, have two things you've got to get done for the next day. Do these two things before checking emails, voicemails or Facebook. When you check other things, you may lose control of your day.
http://www.forbes.com/sites/dorieclark/2013/12/17/the-top-mistakes-small-businesses-make-and-how-to-avoid-them/2/#100778e2293e
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