Seven Biggest Business Mistakes When Running A Business : 7 Biggest Business Mistakes Not To Make!
Running your own company can be hard and Making those small business mistakes that many people make, can make this even harder. Entrepreneurship is in us all, you just need the confidence to start your small business. Starting a business can be one of the most fulfilling goals you can set for yourself. Setting goals for your self can be important in having a business strategy or a strategic plan of action, but you will also need to be flexible. Whether your running and online business, bricks and mortar store or service based business you can follow similar principles to help you grow you business.
You don't have to be Neil Patel or Gary Vaynerchuk (Gary Vee) to have a successful business idea, You also don't need to spend a fortune on business courses from some random guy, who has no pedigree, but is good at digital marketing. You do have to work hard and want to succeed and the luxury lifestyle will follow if you avoid these business Mistakes!
Being self employed for over 20 years and covering in several different industries, these include making money in property, Engineering, Business Sales, and my current business 'Bras&Honey' a Lingerie and swimwear company. I have learnt a lot over the years including, how to come up with new business ideas, how to start a business, how to run a business and also how to run an online business from scratch, but I have also learned what are some of the easiest business mistakes to make.
Being an entrepreneur I could probably write a book on the mistakes most entrepreneurs make when starting a business, I started with the idea of making a video of the top 5 mistakes in business but when I got on to page two of my notepad, I decided I would have to condense it down and give you my top 7 mistakes business owners make.
This video has some female entrepreneur tips that have been learnt with being a young entrepreneur, Watch this video till the end and I will give you young entrepreneurs, business advice on how to navigate through some important mistakes entrepreneurs make when starting a business or create new business. Hopefully this advice will give you entrepreneurs advice and motivation, you may not have expected.
When people talk about entrepreneurs or how to make a million dollars a year from that one small business idea, they can forget some simple business ideas that will make your business a success! I will highlight some business mistakes all entrepreneurs make could easily make without considering how difficult a business startup can be.
Learning the hard way can be difficult but it can also be rewarding, especially when you save a sale or covert a customer through inbound marketing, but some of the main reasons why businesses fail or why Some Entrepreneurs make bad business decisions are relatively easy to fix. I have tried to cover my work life experiences in business and unlike these YouTube business advice videos that made by some one with a digital camera but no experience, I am trying to pass on some real life business tips and business ideas to help you get to a life of luxury living!.
The inevitable part of being an entrepreneur is that you are going to screw-up occasionally. Watching this video could help you avoid all the biggest mistakes I’ve made during my 20 years of running my own businesses and help with startup mistakes to avoid!
No matter what kind of small business or start-up you intend to be, following some key business principles will help you get your business off the ground with minimal fuss! Becoming a CEO of your own company can be daunting but how you run your new company in the first year will impact how your new start-up company develops. This video can serve to help you not make similar mistakes I made and a Beginners guide to starting a business.
Intro to video - 0:00
1: Investing in the Right People! - 0:45
Have to right person for the right job and success will follow.
2. Working on the Business, Not in the Business! - 1:50
Don't lose sight on how to improve you business! OPM (Other peoples money)
3. Funding your Business! - 2:48
is the only way for a business to grow!
4. Listening to Advice! - 3.45
Not all advice is good advice, learn to filter the experts and the idiots!! .
5. Manage Cashflow!- 5.29
Turnover Vanity, Profit Sanity and Cash is King!
6. Bank Accounts! - 6.15
Separate personal and business.
7. Big Purchases! - 7.20
Spend Wisely to ensure business success!
I would love to hear your thoughts, mistakes and successes! so please comment to let me know the worst business mistakes you made and even better comment on how you turned these Issues into a positive Win! Please subscribe It will really help my channel.
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