We live in a digital world.
As a business owner, not having access to your computer could cripple your business and bring on a lot of stress. This is not a good place to be.
It’s really nice to be able to work in a team environment. Whether it’s looking for a business partner, hiring employees, or selecting sub-contractors, your team is an extension of your business and ultimately, a reflection on you as a business owner.
I have experienced the good and the bad. My goal is to share my experience so you can avoid stress along the way.
1. Hiring without a well defined plan
Hiring for long term growth is different than getting someone in to help with a temporary backlog of work. Training costs time and money. Make sure you clearly understand how this individual will contribute to the overall growth of your company.
It is the dream of the entrepreneur to be able to take their family on a vacation while their business is operating without them and making money on its own. Imagine sitting on a beach and not having to worry about what is happening back home.
The reality is when your business is starting out, it is very difficult to take vacation. It takes a lot of planning and faith in your team to have someone else helm the ship.
Here are 3 common mistakes business owners make that prevent them from taking a paid vacation:
Many people have really unique and creative ideas for a product. They go full steam ahead and spend a ton of time to develop maybe an app, create a service program or spend money to manufacture a product only to realize that people are not buying it. They end up wasting their time and hopefully not too much money.
The best way to avoid this scenario is to test your product idea before you invest too much of your own time and money. Here are some common mistakes business owners make:
The key is how to make a challenging situation work for you and transform it into a positive situation for your business.
Here are 3 tips for you to keep in mind when you think things are stacked up against you.
Author - Nicki Chang-Powless
Get practical business tips on a variety of topics to improve your business success rate! After 23 years in the business world, Nicki wants to share her broad business experience to help business owners achieve their goals faster!
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