May 14 2009
What Mistakes To Avoid When Starting Your Own Business!
Do you know how to SAVE you a thousand dollars on your electric bill a year ?
Do you know maximize your conversion ratio ? How to save thousands dollars on ad a year ? How to stand out in the competitors and make more sales?
Do you know how to write a WINNING Resume and ACE your Job Interview ? How to get pre-qualified for your Job ? How to find a Job in quantum speed ?
These little mistakes can cause you years of time and tens of thousands of dollars when you start a business! You may have heard this advice before, and I know you are smart, but these points tend to be forgotten or overlooked! Please keep this advice in mind!
1. Don’t start a business with available friends, you need qualified partners, and don’t follow the money, follow your passion!
For a profitable business, you need qualified partners with the skills and experience needed for your business. If you follow your passion, you will be able to serve your clients and money will soon follow!
2. Don’t put the cart before horse by starting a business without a plan.
You’ll end up spending twice as much time to correct the issues. Develop a simple and easy plan to follow!
3. Don’t try to do it all without an assistant and proper tools, time is money!
If you attempt to do everything, alone you will lose hundreds! You will be far behind schedule, stressed out and the worst of all, you will feel incompetent. Hire qualified assistants to help your work. Be your company’s leader, focus on strategies, and establish a good work process. There are proper, reliable, and good featured tools are available for free or with little investment that will payoff in the long run!
4. Don’t listen to your unqualified friends, hire qualified advisors.
It will take up far more time and money to correct the problems from non-professionals. Always seek help from only mentors and trusted advisors. At the very least, read best selling books in the fields to get the information!
5. Don’t buy a service or product without a guarantee or referral from a trusted source.
Don’t spend money on an ad without a test drive. Many products and services offer a 100% money-back guarantee. Ask for and check references for the products you buy, and be frugal when it comes to spending money. Always test out vendors with small budgets, and short- or no- term contracts.
6. Don’t be too bold or impatient!
Be reserved with your money, be bold in your actions, and wait patiently for each result. Patiently try all possibilities.
7. Don’t jump ahead! Finished what you have started prior to moving onto the next step. Always look for efficiency and complete all the steps involved in a work assignment. Little things left undone, can and will come back to bite you, causing far more time and money. Don’t be a perfectionist, either. Define your long-term goals and try to eliminate, automate, and delegate to be cost-effective.
8. Be genuine, but stick to your price.
Don’t make exceptions for friends and family, and don’t try to attract clients with just offering the cheapest price. You are selling your clients the whole package, not just products or services. Be the leader in your area, and become their trusted advisors and be genuine in helping them to succeed in their business!
9. This the most important one! Never underestimate the power of good online and offline marketing strategies and credibility.
You will not win new business simply with more skilled staffs and better pricing, you need to have better credibility and marketing strategy too!
