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Major Business Mistakes You Should Avoid

Updated on February 2, 2015

It is a fact that businesses, especially small businesses, are struggling to stay alive. With more competition in the market, it is getting harder to attract customers to your store. That is why it is important that you avoid committing any business mistakes, no matter how small. One misstep can cause your business a lot in the long run.

Here are some of the major business mistakes you definitely should avoid.

1. Putting Up Funny Signs

There are many business owners who put up signs on their shops without first double checking the meaning of their signs. Most of the time it results to something hilarious. It is important that you proofread your signs more than twice just to make sure you are not sending out the wrong message. Just check out the samples below. It also helps if you’re dealing with a reliable sign and display provider to ensure the quality of your signs.

2. Brushing Off Customer Complaints

Not only should you hear them out in their entirety, you should also act on them immediately. Word-of-mouth is a very powerful thing, and one customer’s dissatisfaction can easily spread around town or even online with the use of social media. Make it very easy for your customers to talk to you or a representative of your business so they can have someone who would listen to their problems. And always have a plan on how to act on those complaints.

3. Not Training Your Employees

Some employers don’t train their employees thinking they don’t want to invest in them as they would eventually be leaving the company. That is a wrong way of thinking. Because what if you don’t train them and they stay for many years to come? It will have a bigger adverse effect on your business. So always have a training program in place to continuously improve the skills of your employees.

4. Avoiding Online Presence

Nowadays, if a business doesn’t have even a website, then it is missing a lot in terms of reaching out to its target market. That’s because more people today are online and when they search for something they need, they rely on online searches or through the suggestions of friends and acquaintances in the social media. You don’t have to spend a lot of money to put up a website. A simple website will do, just make sure it contains all the major info about your company, products, and services. And it is also a good idea if your business is active in the social media, preferably on Facebook and Twitter.

5. Doing Everything On Your Own

Many small business owners think that they are saving a lot of money by doing most of the tasks themselves. That is not true all of the time. You can’t be an expert in all of the fields such as accounting, customer service, marketing, and technology. As the owner, your job is to set the vision and the direction on where you want your business to go. All other things or tasks you can assign to someone else who can do a better job of it.

Make Smart Decisions

Now that you know the top mistakes many business owners are making, it is time that you assess yourself if you’re making the same mistakes. Make the smart decisions about your business and you’ll see the immediate effect.

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