Photo Credit: Pixabay
Starting a business should never be viewed as an informal process and should never be treated as a hobby between close friends. That’s because starting a business, to begin with, is a difficult task. Running an organization requires lots of careful, tactical planning. Some entrepreneurs fail early on because they might not have put enough research into their company ahead of time or simply lack what it takes to be a successful business partner. Whatever the case, if you fail to conduct research and lack the proper resources, you’re more likely to take shortcuts – and that might not always be the answer.
What are some things entrepreneurs can’t afford to overlook and try to take shortcuts on? Here are the details of some common mistakes entrepreneurs commit while running their business.
Finding Shortcuts: Most entrepreneurs never practiced taking shortcuts; however, if an entrepreneur starts to rely on this policy, then they’ll soon discover all the consequences that come with it. In theory, shortcuts in the business world only provide temporary satisfaction, which means taking a shortcut might only help your business stay afloat 2-3 weeks down the line. But if you want to make a lasting impression on your customers, then you might want to reconsider taking shortcuts.
So if you’ve started a business, launched your website and have everything ready to go, the next step is hiring someone to help you manage your site. That way when consumers visit your page, they’ll see what products and services you offer without any problems. If, however, you decide to do everything yourself and beat around the bush to avoid paying a third party, you could find yourself feeling spread too thin, which could ultimately result in losing customers. That’s why professional editing matters when it comes to your business website or blog, especially for startups. Your website is the first impression your customers get of you and your business. Instead of viewing this option from a expenditure point of view, view as an opportunity to make a professional statement to consumers by letting them you know you care about their experiences whenever they visit your page.
Expect Overnight Results: When it comes to running a business, the first thing an entrepreneur should do is market it. Sounds like a good plan, right? Well, it is. The only problem, however, is that marketing has both advantages and disadvantages — with one disadvantage being that it requires patience.
Normally, when a business opens their doors, they hit the ground running. In other words, entrepreneurs put in extra efforts to get their business on track. With so much extra effort put into your business, you would think the turnaround would be just as quick. However, that’s not always the case. In a business’s formative years, entrepreneurs need to be patient and willing to invest time, effort, and money to consistently get the rewards they were seeking. If you aren’t getting the results you would like to see, then review all your planning and business strategies instead of looking for shortcuts.
Ignoring Feedback and Suggestions: If you receive complaints, use them as opportunities to learn something new, rather than getting upset. That’s because customers and employees who complain are actually trying to tell you something about the company that isn’t right. So why not listen to them? This type of knowledge will enable you to solve not only their problems, but future problems as well. Both negative and positive feedback show that the customer at some point in time interacted with your product or services and thought highly of it or saw areas that needed improvement. Therefore, the feedback given to you by customers and employees should be your top priority, because this information provides you with a rough analysis that tells you where your business stands in the community — and where it needs to go next.
If entrepreneurs fail to acknowledge this information, then customers who feel ignored will simply give up and take their business elsewhere. That’s why it’s important to establish a smooth, positive customer and employee experience by acknowledging their feedback and suggestions. After all, nobody likes to be ignored.
Setting Expectations Around Drug and Alcohol Use in the Office: Although marijuana remains illegal on a federal level, 28 states along with the District of Columbia have legalized it for both medical, and recreational purposes. Ever since it was legalized, the debate over workplace drama and legal marijuana has been on everyone’s mind. That said, dealing with drugs and alcohol in the work environment can be a sensitive topic, especially since problems in this area can have a negative impact on your business when it comes to tardiness, sick leave, and friction between employees.
For this reason, if you’re starting a business, you may want to address the use of drugs and alcohol in the workplace as soon as possible. If you decide to have a separate policy that the addresses the two, you may want to also consider partnering up with a local drug testing program or provide your employees with an assistance program. Depending on your business, you may be required to give a drug test to candidates before hiring them. In order to educate staff members about your business’s stance on substance abuse, however, you should explain the policy to employees and let them know the consequences if their actions. By doing so, you’ll help minimize some of the workplace drama ahead of time.
In the long run, by doing your best to avoid these common mistakes, an entrepreneur will be able to take their company to new heights while facing all the hurdles that come with running a business.
About the Author
Avery-Taylor Phillips is a magnificent freelance writer. You can contact her @ firstname.lastname@example.org
Do you like this post? Business 101: Shortcuts That Can Ruin an Entrepreneurs Startup Company. Please, like and share and don’t forget to leave your comment below!
Do you want to make money with Affiliate Marketing? Recommended Affiliate Marketing Course on how MICHELLE went from $0 to makes $50,000 per month in just due time.