Most entrepreneurs are constantly searching for new customers and revenue, worrying about cash flow and struggling to maintain their staffs. Sometimes it feels like they’re on a never-ending carousel. As a result, both their energy and interest can fall off in the race to business success. They keep looking for that magic bullet. But they never make a commitment to learning about and taking care of the details that will get them back on track.
For most new business owners there a few major areas of concern, sales and marketing, management and leadership, productivity, social media and customer service. Owners may have some experience in some of these areas, but they’re usually not equipped to deal with most or all of them. They are addicted to multitasking and constantly let themselves be constantly interrupted.
Instead, try to pick two tasks that must get done and do them before you check your email, voicemail or social networks. A lot of business owners have a fear of falling behind or missing out on a great opportunity. For them, success is about being busy, not about being productive.
Another trap for new business owners is hiring. A lot of business owners don’t hire smartly. They’re afraid of hiring people that may have more experience than they do, and they hire in a hurry. They don’t ask job candidates about career visions, and they don’t determine if the candidate would fit with their corporate culture. Then the trap snaps shut on them, they are afraid to fire bad employees!
Have one or more employees that really don’t share your goals and values is like your company have a virus. Maybe things go along fine for a while, but left untreated it will almost certainly grow and be an even worse problem to solve later on. It’s always best to listen to that inner voice and take care of this type of thing as soon as possible.
The answer to most of these traps is to avoid them altogether, and the surest way of doing that is to have a professionally written business plan that you have complete faith in. A business plan that has foreseen the problems that can arise in a young business because of the years of experience that has gone into researching and writing it.
Here at Wise Business Plans that’s exactly what we do. Never hesitate to contact us — we’re here to help!