What should business owners avoid?

[Setfragil]

There are many things to avoid in business if we want the business to be successful. We need to avoid unnecessary spending like using business funds to pay for social outings, we need to avoid employing employees that are not experience or employees that are lazy at work

 

[ahmedo24]

There are many things to avoid in business if we want the business to be successful. We need to avoid unnecessary spending like using business funds to pay for social outings, we need to avoid employing employees that are not experience or employees that are lazy at work

That's prudency , it is very important in every business so that the business can progress and also set achievable agendas towards it growth. Don't handle your business money in cash.

 

[Ralphjoe]

One of those things that a business owner should avoid if he want to sustain that business for a very long time would be excessive spending or expenses that are capable of draining the company's scarce resources. If the company can instill discipline in it's spending habit then it can last for a very long time.

 

[Fizzy_boi]

Business owners should avoid customers getting goods on credit without paying Business owners should abstain from this things . It definitely kills the business and retarrds it's .

 

[Felixko]

Business owners should avoid incomplete plan. So many businesses fail because the owner didn’t develop a complete plan. Knowing that you want to sell a certain product or provide a type of service is just an idea. If you want to have success, you have to dig into that idea and create a plan for turning it into a successful business

 

[Richard92]

Also as a business owner, you should make sure that you don't employ the services of lazy managers to run your business for you because that will spell doom for you and for your business enterprise

Business owners should avoid risks and also one of these tricks to be avoided is excess spending on unnecessary valuables this will make you go bankrupt.

 

[Fizzy_boi]

Business owners should definitely avoid going or getting I to debt by all means please .They should avoid bankruptcy in order to avoid all this protocol's at work should be followed no giving of services on credit.

 

[Ayokex]

If the company is booming, you should avoid making unnecessary or family expenses with the company's money. When many relatives see that they are doing well they begin to ask for credit that they never pay or, failing that, they ask for money. It is not bad to help them, but you must have limits and know how much and to whom. Otherwise you may have losses instead of winning.

As a business owner one must ensure to run away from anything that can tarnish someone's image. Ensure you uphold the pillar of integrity at your business. Let people know you by your word.

 

[Nomad]

If you are serious about doing business, you need to avoid doing business on something that has been extensively explored. If you ARE DOING business on the same niche, you are likely to fail

 

[Good-Person]

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

Selling products on credit basis is a very common thing. We cannot avoid credit entirely as many suppliers and buyers prefer to conduct business when they receive products on credit from their sellers. Credit also builds trust between traders. So credit is an essential part of business and it cannot be avoided. Moreover, people often need products on credit because they have themselves sold many items on credit and they may only pay once they themselve receive payment from other buyers.

 

[Abigael]

The business owner should avoid giving goods or services on credit. Some people never pay the money and that affects the business negatively. Moreover, even if they pay after a while, it makes it hard to keep a clear record of your goods and services so as to restock and pay yourself. So credits should be avoided.

 

[Saqibraza]

Lack of Delegation The biggest mistake small business owners make is trying to be all things to all people. Over time, this kind of small business owner will find themselves overwhelmed with work and no time to make decisions that will help guide the business.

 

[Alisco]

As a new business owner that started new or the business that is not moving,for the newly business owner avoid competition with those that are into it before you came,have you goal set and work towards it,make sure you trade on business of interest.

 

[Kelly5]

A business owner cannot afford to be spending his business earnings on personal affairs in the social circle when the business needs funds to make it stable and competitive to survive

 

[Ayokex]

Running into series of debt and having low reputation and trust will run down such business prematurely.

As a business owner, you must always realize that your personality is part of your business brand, if anything tampers with it, then your entire business will be affected. Always protect your image and be good to people.

 

[Spicywilfred]

For a business to grow rapidly, you must have a good work force, a good customer relationship/satisfaction and also project quality products and services to the public. A business that grows on a steady pace hardly fails.

 

[Nomad]

One of the most overlooked areas in business is doing business on the niche that is already being explored by someone else. If you do what others are doing, you are doing it wrong

 

[Maphalle]

As a business owner you must be very careful and avoid ...
1. Leaving everything in the hands of the employees/supervisors/managers. Atleast make sure that once in a week you check the financial issues and other things.

2. To borrow money or loaning
3. Unnecessary expenses.

 

[Sincerem]

As a business owner, you must always realize that your personality is part of your business brand, if anything tampers with it, then your entire business will be affected. Always protect your image and be good to people.

You're right, personality matters in business. The business owner shouldn't let anything tamper with his or her personality or business reputation. Loan debts, can tamper it, so the best is not to indulge in loan when the person can't meet up deadline.

 

[Sotherefore]

Business owners should avoid giving out goods or services on credit because these are the things that can affect your business nagatively and will cut away your capitals and he can also leads to business collapse if these people fail to pay for what they collecting.