9 ways to destroy business
His Work / / December 26, 2019
You've probably seen the article about what the qualities of a successful entrepreneur. Today we will go on the return and talk about what you need to do to cause serious damage to the company. Fear, lack of confidence or overconfidence, thought patterns and untimely decisions may lead to the fact that the entrepreneur own hands destroy their business.
Entrepreneurs regularly face many challenges. You need to increase sales, expand its customer base, hiring good employees, manage finances and to restore order in the documents. But the biggest problem that may face an entrepreneur - a restriction or revaluation of its features.
1. Relentlessly think about profits
The main objective of any business - to make money. But when installed on capitalizing becomes an obsession can hurt relationships with customers. Among the main principle of "First - profit" all employees are under tremendous pressure because seek to increase income and pay less attention to quality service client.
Council. Do not forget about the human factor. When making decisions, remember that you need your customers.
2. Be immensely self-confident
Confidence helps the business grow, but arrogance can destroy it. Overconfidence can lead to the fact that the entrepreneur begins to underestimate the risks and binds itself prohibitive commitments spends its resources on impossibly high goals.
Council. Do not take hasty decisions. When you see a new opportunity, take a break and make a number of development scenarios before making a final decision.
3. Be the "creative" personality
A good idea to stimulate business, but too many ideas can give the opposite effect. The entrepreneur, who kept gushes initiatives, not only that confuses the workers, but also can forget the main purposes of his business.
Council. Selects the ideas to help promote the company in the right direction. This will increase your value in the eyes of customers.
4. Monitor all
Entrepreneurs who prefer to take full responsibility, may well cope alone at first. But with the growth of their businesses the need to control everything It begins to interfere with the focus on activities that are of paramount importance for the growing business.
Council. Hire employees, train them and gave them responsibilities.
5. Inefficient distribution of tasks
delegating duties it is very important for business development. But to organize effectively the process is not easy. Often entrepreneurs transmit task management employee and begin to completely control it, to find fault with trifles. This behavior may eventually cost them dearly.
Council. If you want to delegate some tasks to select the right person, give him detailed instructions and be patient. Developing your team's independence and will require time and effort.
6. Follow the chosen course, even if it is shown to be ineffective
Persistent and persevering entrepreneurs tend not to deviate from the selected erroneous strategy, even if the results repeatedly fall short of expectations.
Council. Make a phased schedule and monitor the performance, there is progress or not. Be prepared for the fact that, if necessary, will have to change course.
7. Be shortsighted
Often entrepreneurs are literally fall in love with your idea or product. A strong desire to succeed and failure to look at the project from the lead to the fact that business in emphasis not notice significant drawbacks.
Council. Objective look at what you are offering to the market. Seek advice from people who will help you to look at the situation objectively.
8. Do not line up of social ties
Durable and versatile social ties are good for the growth of the company. But many entrepreneurs it is impossible to build an effective system of social relations, or adapt it to new conditions as the company's development.
Council. Select a strategy according to which you are going to build social networks. Do not forget to update the strategy, when qualitative changes are needed.
9. Be biased
Often, entrepreneurs who have achieved some success, are beginning to overestimate themselves. They take into account only the information that confirms their opinion, and the one that does not fit their view, just do not pay attention. So they start to take wrong decisions.
Council. Communicate with people who share different views. Let them criticize your ideas and methods. It will look at the situation objectively.
Sometimes it is easy to change behavior, sometimes - very hard, but at least now you know where to start. Assess your strengths and weaknesses. Adopting good habits and rejecting behaviors that can negatively affect your business, you can achieve amazing results. And remember, the more you develop in the personal sense, the more developed your business.