What should business owners avoid?

[emmanuelrw]

5 things business owner should avoid
Incomplete business plan
Trying to grow too quickly
The owner trying to do too much
Failure to adapt
Ignoring customers feedbacks

That so correct these are the common things business owner fall short of which affect them greatly and trying to grow quickly is a big problem they don't want to wait

 

[Sariana23]

Yes most business owner want to grow fast and make money without taking their time to complete their business plan which is very important for a business to survive. Business plan is the road map of the business

Exactly, the one who wishes to undertake and reach success must take his time to have everything up to date, in this way it will be safer to reach the top. Many want to start at the top and that is progressive.

 

[Sotherefore]

a business owner that have just started or is planning to go into any type of business should understand that no matter the type of business they are going into and no matter how they try to improve the life of every citizen of a country that even with this they will not be able to satisfy all the need of people, if you can try as much as possible to satisfy 80% of all peoples need then you are ok.

 

[richee84]

Having a business is a good start and easy but running it and sustaining it is the major challenge. Some business after some few time of been in operation find it difficult to survive due to some challenges by them. Owner of business must be mindful of no selling on credit to customers. They must also learn to operate the business as a separate legal entity.

 

[eLdavis]

Business owners should try avoiding taking unnecessary risks. Business owners should also avoid discouragers cause trust me, you are going to come across alot of persons that would discourage you at first.

 

[Sariana23]

Business owners should try avoiding taking unnecessary risks. Business owners should also avoid discouragers cause trust me, you are going to come across alot of persons that would discourage you at first.

Those discouragers are there at all times @eLdavis , years go by and they keep discouraging you. It's up to you to stick with the main idea and persist in the face of any situation that comes your way. Perseverance is the key to success.

 

[eLdavis]

True words, there would always be people or events to discourage you at all times. Just stick to your dreams, no one is actually interested in the process but they are interested in the results.

 

[Blue house]

When you have a business there are something's you should avoid in order for the business to grow and develop further.
A business man should excess borrowing especially one that comes with high interest, or excess spending.

 

[Nomad]

never try to sell the products that are heavily saturated in the market. This is one of the main mistakes committed by a lot of businesses. If you are selling the same product, you will not succeed

 

[Sotherefore]

One of the serious mistake that I've been bringing a lot of business down is for the owner of the business to create a chance for people to acquire goods and services on credit without paying,this will seriously bring down the business capital especially if the business financial background is not generally strong.

 

[Kingsley]

By owners should aviod Sep out of their capital and making unnecessary expenses that will not boost the overall performance of the business. It will not pay them to over staff their organization with workers that are not productive. And they should aviod divulging their secretto outsiders.

 

[Richard92]

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

most business owners about their business when they see their business is crashing down but it is not good to have my own business it's for you to have a belief in the business has been dedicated in what you do with this you will see yourself excelling.

 

[Ayokex]

Business should avoid getting into a bad debt. Bad debts are the debts are not beneficial to the business on the long run. Incompetence also among the workforce is something else to be avoided because the workforce determines the output of businesses

Evey business owner should try as much as possible to avoid lack of integrity. This can destroy the business empire that has been built for years within a short period of time. A business owner should also avoid procrastination. Do whatever you are supposed to do as at when due.

 

[Alexandoy]

One of the serious mistake that I've been bringing a lot of business down is for the owner of the business to create a chance for people to acquire goods and services on credit without paying,this will seriously bring down the business capital especially if the business financial background is not generally strong.

In our business culture the credit given to customers is common and it is part of the marketing style. However, that tradition is now vanishing and only present in the suburban and rural towns. The modernization is changing the landscape of business here. Convenience stores cannot give a credit facility to customers.

 

[Sotherefore]

In our business culture the credit given to customers is common and it is part of the marketing style. However, that tradition is now vanishing and only present in the suburban and rural towns. The modernization is changing the landscape of business here. Convenience stores cannot give a credit facility to customers.

and sometimes people that are starting up a business should try as much as possible to know that a business is business and business will never be mixed with pleasure because through mixing business with pleasure is when people will have an opportunity to explore you.

 

[cowantussie]

7 Bad Habits Small Business Owners Should Avoid
Setting Un-Realistic Expectations.
Not Knowing Your Place in the Market.
Failing to Make Time for Planning.
Not Cultivating Employees. ...
Not Providing Incentives for Employees.
Lack of Delegation.
Not Creating an Online Presence.

 

[Setfragil]

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.

You're very correct with your submission. Every business owners should avoids unnecessary spending of their business funds, they should avoid buying or spending on things that will not have positive effects or promote the growth of their business.

 

[Richard92]

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

Once in every business owner must avoid is excess spending he or she must have the ability to be able to manage risk in his organisation.

 

[McIrx]

Complacency. That is one hell of a business killer. A lot of market leaders lost out because they were complacent. A lot of monopolistic businesses of the 90s are dead because they were too arrogant to move with time. Any business owner that gets complacent will watch his business tumble and its customers yanked away ruthlessly.

 

[Prettyjanie]

As a business owner, avoid running into debt, avoid dishonest behaviours, avoid spending your profit on irrelevant things, avoid negativity. Strive to grow your business, above all surrender all to God.