𝑴𝒐𝒔𝒕 𝒄𝒐𝒎𝒎𝒐𝒏 𝒎𝒊𝒔𝒕𝒂𝒌𝒆𝒔 𝒅𝒐𝒏𝒆 𝒃𝒚 𝒔𝒎𝒂𝒍𝒍 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 𝒐𝒓 𝒔𝒕𝒂𝒓𝒕 𝒖𝒑𝒔!!!

We talked about the common mistakes like not knowing your customer, unnecessarily guarding the idea or product, not having basic understanding of domains, having fear of unknown, assuming miracles overnight etc.. in the previous two posts.

In this last post of the series let’s look at some more mistakes which I have found entrepreneurs doing in general which prevents their growth and keeps then either stagnant or slowly pushes them to close the business.

6. 𝑫𝒐 𝒚𝒐𝒖 𝒌𝒆𝒆𝒑 𝒅𝒘𝒆𝒍𝒍𝒊𝒏𝒈 𝒐𝒏 𝒕𝒉𝒊𝒏𝒈𝒔 𝒂𝒏𝒅 𝒅𝒆𝒍𝒂𝒚𝒊𝒏𝒈 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏𝒔??? – I have seen many who despite finding an answer to a problem keep dwelling upon it and not taking that first step towards making that call. One of the most important lessons I always advise and comes from my experience is that sometimes the best course of action is to make a call and just move forward. As a young company, nothing is ever perfect, but if you believe in an idea or strategy, you just need to move forward and manage the risks as you go.

7. 𝑫𝒐 𝒚𝒐𝒖 𝒂𝒍𝒘𝒂𝒚𝒔 𝒍𝒐𝒐𝒌 𝒇𝒐𝒓 𝒄𝒐𝒏𝒔𝒆𝒏𝒔𝒖𝒔??? – One more common mistake we all do. We are here to run a business and not to balance each other’s opinion. If you feel the decision is right and in the best interest of the company just go for it. After all that’s the only risk business asks for isn’t it. If you try and avoid voting everytime among the team you are actually killing the opportune time for the decision to be taken.

8. 𝑫𝒐 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒕𝒉𝒆 𝒓𝒊𝒈𝒉𝒕 𝒄𝒐-𝒇𝒐𝒖𝒏𝒅𝒆𝒓 𝒘𝒊𝒕𝒉 𝒚𝒐𝒖??? – Starting a business is a lot like falling in love. A partner should be one who can stand for your business not only in terms of work they do as for that you can always have employees but by the values and image they carry. Can you business brand and your partners brand be interchanged without a loss and if the answer is yes go for it. Else you are constructing a monument with wrong bricks in the base. Tomorrow when it shakes that’s when you will realize. Always look for skills, potential, intellect which compliments you and never ever get into social pressures for taking somebody as a partner.

9. 𝑫𝒐 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂 𝒎𝒆𝒏𝒕𝒐𝒓??? – Just because this is written at the end does not mean its not that important. Rather it very well could be the first step.

Finally a small tip – Do you have a consistency in maintaining contact with your key people in business like vendors, customers etc… If not schedule for yourself a consistent calendar like weekly for your inner circle, quarterly for acquaintances etc…

And then do remember to meet Synergeze Consultants Private Limited in the first opportunity you get to get a best mentor for your business as WE PROMISE WE DELIVER

Do comment your opinion and experience with this series.

#gccoach #BusinessDevelopment #BusinessMentor #Synergeze

Small businesses at times seems to be ignoring many a thing, by just treating them as one more jargon in this new age of super complicated words and synonyms. Process Re-Engineering can be a game changer to businesses, as it can perform miracles on a failing or stagnant company and open new doors for a company on steady path of growth. However, the process is tricky and needs some pain-killers to supress the pain of change and pain of tearing down what we are used to and feel comfortable with. If ignoring this was a mistake, the next big mistake could be to settle for a cheap and basic process re-engineering tool in absence of an expert guidance. It could be that you tried saving a cent and lost a dollar. We at Synergeze Consultants Private Limited, help businesses to implement the changes in an ongoing manner without effecting the current operations in any way and yet delivering the desired results. To learn more about our standardised approach which is customized for every single business please reach out to us. If you wish to be more profitable and save on all forms of costs – Your destination is our name – Synergeze Consultants Private Limited.
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