Setting up a business is the first step to success, running it well and continuing to grow in the future are the next things that you should focus on. The path to success is littered with pitfalls, however, and you will certainly find yourself having to adapt and deal with potential threats as your business grows. Knowing what to do, and crucially what NOT to do as a business owner will help you steer clear of potential threats to your business.

 

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Not Delivering On Your Promises

If you promise something, or even if you have stated something in the path and have been called out on it, it is important to deliver on this or own up straight away with a suitable reason for why you are unable to do this, if you wish to be viewed as someone with integrity. Do not promise something you do not think you can achieve or deliver on as this will create problems in the future. While setting high expectations for yourself and what you hope to be able to deliver is a great way to motivate you and your staff, it is much more important to keep your promises and stick to what you say you can achieve. For more information on how to plan realistic goals look  at the following link http://www.businessdictionary.com/article/582/setting-realistic-goals-by-limiting-expectations/Pe where you can find out how to make realistic job expectations. When you are open and upfront about what you expect and what you can offer, people will respect your honesty and the way in which you are open and frank, as long as you stick to this. This also includes paying your employees on time and arriving at meetings on time as a sign of mutual respect and what you would expect from your employees.

Read More Some Of The Worst Decisions You Can Make As a Business Owner

Entrepreneurship

Your business start-up could have been something you have been dreaming about for some time now. Planning meticulously over every little detail of your brand and logo, spending time considering how you will take your product or service to market. It’s a passion, your ambition, and one you most undoubtedly will love being involved with from the moment you start. However, so many entrepreneurs can get a little sidetracked in the finer details and forget some of the all-important aspects of starting up the business and running it successfully. Which is why I thought it would be worth covering some of these things in the hope it may inspire you to rectify a few things yourself.

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The business plan

 

Having an idea for a business is all well and good, but if you don’t plan on how you get that idea from your brain and into the open market, then you don’t have much of a chance of turning it into a success. This is essentially sitting down and creating a business plan which will cover the start of the business, your plan for the next few months and years of growth, and how you plan on getting there and achieving it. It should be covering your progression, the future plans and a timeline for which you want to hit certain business milestones.

Read More Entrepreneurial Brain: What So Many Business Owners Can Easily Forget

Entrepreneurship

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Are you sick of tired of going into the office and doing the same job? Do you want to get out of the rat race? Well, becoming an entrepreneur is a good career path. Entrepreneurs are the boss, and they are the only people that dictate the terms. And, lots of them turn out to be insanely successful. But, they only reach this level when they iron out the mistakes. New players to the game don’t always play the game to the best of their ability, which is risky. In the end, one mistake can be fatal. The key is to troubleshoot the errors as and when they occur. To do that, here are the ones to look out for as a newbie.

Read More Don’t Shoot Yourself In The Foot – Troubleshoot The Mistakes

Entrepreneurship