Some tips for avoiding common business mistakes:

Holicent

VIP Contributor
One of the biggest mistakes I see entrepreneurs make is not having a clear vision in mind, and then not executing their plan. This can lead to confusion, indecision, and frustration.

I’ve written about this many times before — like this post on how to avoid common business mistakes. But it’s important to remember that all businesses are made up of people, so you need to think about how you can improve your business processes so that everyone involved feels like they’re getting what they need from the company.

1) Don’t get stuck on one product or service. You need multiple revenue streams so that you have something new every year or two (or three).

2) Consider hiring someone else to help with marketing, sales and customer service. Or consider outsourcing all those things altogether.

3) Keep track of all the money coming into your business so that you know where it's going and why it's happening. If something doesn't make sense, change it!
 

Mastergp

Verified member
Incorrect Sentence
Everyone to succeed, but it not easy because the process to make money is very difficult to achieve it need work to make that happen, some people thing it impossible to avoid mistakes in our business, yes it true no human is above mistake but they ways we can prevent this mistake especially big ones that could bring a business to it knees.

So they are some tips that can help we need to avoid making much mistakes or common mistake.

Making much research about the business:
Making much research about the business is very important it would help us understand what we are going in for and simple ways to avoid some critical or common mistakes.


Putting the client interest to heart:
Most times our client interest may cause us to make some mistakes in our business, especially when we don't put them into mind it makes can make them to feel in satisfy about they way they are treated.

How we present our products or item:
The way we present our product can bring client to patronize us and buy our products but when our products look dirty and unpresentable it may cause us to lose our client and therefore lead to a business downfall.
 

btaliat

VIP Contributor
The first thing to do to avoid the mistake that is commonly committed in business is to be keeping records. There is no restriction to how much keeping records can be of help to the business owners. Many business owners have been sued or duped just because they don't keep their documents.

The other thing to do is to employ people base on the expansion of the business. Employing more people for a small business may cause redundancy among the workers while lack of adequate workers as well can cause inefficiency in the way workers perform their duties as well.
 

Augusta

VIP Contributor
it is always good to avoid mistakes in business. it can really be detrimental to our business. if we can't run everything then it good to vonsider hiring someone else to help with the tasks available to avoid making mistakes or better still consider outsourcing the things

You can avoid money making mistayes by Keeping track of all the money coming into your business and the ones spend to run the business . Just keep doing what will help the business.
 

Etini

Valued Contributor
Some people want to run their businesses without any form of assistance. They refuse to hire anyone. They are the accountants, the salesperson, the production staff and they execute every available tasks that the business entails. I understand that it is because of lack of finances to hire. That's understandable when a business is just starting out but not sustainable for long term growth.

Every business needs professionals that would deliver at a high efficiency for it to accelerate in growth. You can start with hiring one staff after a short while of running the business alone and seek to grow from there.
 
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