What should business owners avoid?

[Sotherefore]

Money is very important in business but the fact that you have money enough it's not a guarantee that you succeed in business because outside money you need to have the technical knowledge about the business and the managerial skills.

Well people who have enough are likely to succeed in business more than those who don't have even went they do not have an understanding of the business because they are not the one that will directly involved in the business.

 

[Syldan]

As an entrepreneur, you are expected to gombe very honest with your customers, avoid family issues or personal interest to interfere in business agenda. Unnecessary expenditure should be minimize.

 

[eLdavis]

As an entrepreneur, you are expected to gombe very honest with your customers, avoid family issues or personal interest to interfere in business agenda. Unnecessary expenditure should be minimize.

Good one, you got my attention on where you said personal interest, I would like to ask, what would you consider as personal interest in a business set up, cause am pretty sure every business owner has plans and ideas about their business.

 

[Thinker009]

As an entrepreneur, you are expected to gombe very honest with your customers, avoid family issues or personal interest to interfere in business agenda. Unnecessary expenditure should be minimize.

Yeah I think most times too much expenditure could affect the business operation ,most especially when the person is taking from the business , instead of giving into the business ,it's quite difficult

 

[Bousine123]

I think business owners should avoid selling substandard product such as building materials because when customers who patronised them find out about these, the will discourage others from patronising the business owner.

 

[Lucy ID]

Business owners should avoid borrowing money, not spending money on unnecessary things, taking good account and proper account of your daily activities and do things too move the businesses to more growth

 

[Ononivami]

The business owners should try as much as possible to avoid excessive spending that could eat dip into the business capital. It is very important that the business capital be kept away spending.

 

[Sotherefore]

The business owners should try as much as possible to avoid excessive spending that could eat dip into the business capital. It is very important that the business capital be kept away spending.

And sometimes they might even get a loan to join , whereas they fail to understand that they can't really manage the little resources they have. Omo business owner are to be very careful in the financial aspect of a business.

 

[Syldan]

There are several things that business owners are always supposed to avoid either in terms of administration, sells, personal issues and also the issue of finance. business income should be kept separately from personal income and expenditure.

 

[Bookwormlux]

Business owners should avoid competing with other people and to focus on how they will grow their businesses instead. This is the best way to succeed in business

 

[Nicklas22]

The one major thing a business owner should avoid is borrowing, borrowing kills many businesses and and avoid selling on credit too,you have a be strict when it comes to your business, no family in a business

 

[Setho]

I believe that as a business owner you should avoid situations where by your customers are going to be spreading the news of you not being a good business. This is because it might damage your reputation in a very bad way that it will take time to repair.

 

[Robust]

If there is anything a business owner need to avoid is to avoid debt in terms of loan, giving things out in credit and fear while making decision it's also one of the things that a business owner need to avoid.

 

[Setho]

As a business owner you should always avoid things that have the potential to tarnish your image. This means that you should always make sure you have a good customer support system and you should not involve yourself in fishy activities or scam.

 

[Bookwormlux]

Business owners should avoid taking loans, because this is a major thing that caused so many people to fall in business and regret ever taking that path. It is a surest way to guarantee your business failing.

 

[Shigobad2020]

A business owner must avoid many things in his business , he must avoid tarnishing his image by doing good things and he must also avoid going into bad debt that can ruin his business

 

[Syldan]

Actually there are so many things that a business owner should avoid such as bad debts, family relationships in business, unproductive expenses.

 

[Shigobad2020]

In as much their are many things in which a business owner must avoid , one of it mixing his personal money with the money meant for the business which might ruin the business.

 

[Syldan]

Actually there are so many things that business owners should really avoid when handling their business most especially dealing with family issues during business and also unproductive spending of your resources.

 

[Ahmed]

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?.

From my point of view, the employer should select employees based on experience, competence and skills, and not select them on the basis of kinship and friendship.
He should avoid routine work and always be creative and try to develop his work and develop the skills of employees. As the market is always evolving.