What should business owners avoid?

[Kelly5]

Business owners must avoid greed in the course of their business dealings. Any other type of business that flashes at them huge profits while they are yet to build their current business is a waist of their resources

 

[Setfragil]

A business has a budget for expenses and if you overdo the spending then you might incur a cash flow problem. When I had my business I would treat my staff for a job well done. But the expense came from my own funds and not from the business funds. That is one way of keeping the business clean and bright.

You are totally right. If a business has budget for expenses, the expenses should be the ones that directly affects the business not expenses that does not have records or cannot be accounted for.

 

[Richard92]

As a business owner you should avoid selling credit the business or involving friends the business, business owner should never sell low product.

Business owners should avoid risk for in an easy way that they can be able to manage risk this is the only way taken grow their business

 

[jeff87]

There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.

I believe corruption should be avoided for the business to grow and be sustained. Just today I have learned of the stealing of 1,200 chickens in dressed chicken business of my brother. We were talking and believe that this act could not be done by just one person it is a connivan of many people.

 

[ahmedo24]

I believe corruption should be avoided for the business to grow and be sustained. Just today I have learned of the stealing of 1,200 chickens in dressed chicken business of my brother. We were talking and believe that this act could not be done by just one person it is a connivan of many people.

Offcourse the crime was committed collectively with proper investigations you people will be able to figure them out especially if you guys has had people with such track record.

 

[Jlife]

That's just the way I utilize to attract gamers circulating around my mini shop. I'm hoping to add more game console, the modern console, which is PS5 to my shop. I'm saving money gradually to buy even if one, that will attract more customers cos of its amazing features.

I do not know all the gaming tools and equipment you are talking about, what is the difference between PS4 and PS 5 and which one are you currently using, do you think PS4 is better than PS5 ?

 

[Snazzy001]

Business owners should really avoid leaving an extravagant life to the extreme and focus on how to save their profits because it will help them someday

 

[HayKay]

A lack of proper market survey, a lack of well defined product or identity.
Impatience, which is the number one killer of all businesses I've seen. Everyone wants to be as big as possible quickly even when they're just starting out
Not knowing how to sell. I keep reemphasising that selling is the biggest skill you must have in today's world. A lot of competition out there; you need to learn how to place yourself and grab the market share

 

[Oliver4smile]

Business owners must avoid excessive spendings,, spending too much on irrelevant things. When the money you spend is more then your income then there is problem.

 

[Jsoliu004]

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[Razor1911]

Business owners must avoid excessive spendings,, spending too much on irrelevant things. When the money you spend is more then your income then there is problem.

That comes under financial management, which is important part of the business. When we are dealing with huge amount of money, obviously we will need to keep track of inflows and outflows.

 

[Grandeur]

It's not easy to start a business, thee tasks and challenges involved can be a lot sometimes, which is why I advise that enterpreneur gets an assistant or manager to help monitor some aspects of the business.

 

[Lens]

There is a particular thing that kills business. I don't know if it's predominant in your country but here in my home country it's very predominant and it's what businessmen encounter everyday. It's selling your goods and services on credit with the anticipation that the buyer or customer will pay later.

 

[kayode10]

You should never go over the moon and start spending your profit lavishly once you begin making money with your business. You should avoid acquiring expenses for your business.

 

[gammarays]

There are many mistakes business owners should avoid. Business owners should avoid unnecessary expenses that will reduce their profit. They should also stay away from unrealistic ventures.

 

[kayode10]

A new business ownership also avoid bad debt. bad debts are going to take money out of your business and the cash flow is going to suffer.

 

[Bousine123]

Proper time management and money management is something business owners should prioritize. It's one of the building blocks of every successful businesses.

 

[Yusuf]

The most important thing a business owner should avoid is taking loan. Loan to me can wreck a business if you don't have a good started to repay the loan with huge interest rate

 

[Richard92]

As a business owner you should avoid selling credit the business or involving friends the business, business owner should never sell low product.

One thing that a business owner must avoid these risks and unusual expenses with the is your business will be successful money will get more profit.

 

[Jlife]

There are of things that can you bring down progress and can cause hindrances in your business ,these are the things you should avoid if you want your business to be successful, greed and pleasure at things we should observe.