The Most Common Mistakes Made By Business Owners
Below, please find a list of the most common mistakes made by small business owners. CJ adds to list list monthly!
- Being Consistently Inconsistent
- Forgetting to Create a Team
- Forgetting to Test and Measure
- Hiring the Wrong Person
- Ignoring the Importance of Culture
- Letting Your Team Fill the Middle of the Loyalty Spectrum
- Neglecting to Plan
- Neglecting to Set Clear Expectations
- Neglecting to Carefully Track Key Sales Indicators
- Neglecting to Analyze and Understand Margins
- Not Understanding the Relationship between Cash Flow and Net Income
- Reinventing the Wheel
- Relying on the Sales Force to do all of the Selling
- Spending too much (or too little) on Advertising
- Spending Too much Time on Administration
- Taking Your Customers for Granted
- Treating Every Customer the Same
- Underestimating the Importance of Powerful Goals