Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Common Mistakes that Online Entrepreneurs Commit

210 views

Published on

It's normal to have flaws when you're still trying to make your business work. However, there are 3 unforgivable mistakes that businessmen might be doing. If you think you're doing the same, better change them as soon as possible and save your business from failure.

  • Be the first to comment

  • Be the first to like this

Common Mistakes that Online Entrepreneurs Commit

  1. 1. and How to Save Emerging Businesses
  2. 2. Entrepreneurs all know what it feels like tostart a business. You get all nervous, worried,and excited all at the same time. With allthese mixed feelings, start-up entrepreneurhave the tendency to go overboard with theirexpectations in their business and futureemployees.When youre at the momentum ofexcitement, you tend to think that yourworkers are superhuman. But the truth is,not all of them can keep up with yourexpectation.
  3. 3. If this is the case, its just about 2things: They are not skilled enough to do your tasks OR Your job description required has a terrible problem.
  4. 4.  Youdelegate tasks to your employees without concrete business plans. Amateur businessmen have high tendencies of committing this business blunder. Before making any more to materialize your business, have a concrete business plan first. A good business plan should follow the SMART rule: Specific, Measureable, Attainable, Realistic, and Time- Bounded.
  5. 5.  Your employee is an all-in-one package. Youll be the luckiest entrepreneur there is if you can hire such an employee. If you think you can actually hire one, chances are, youre just being delusional. Although there are professionals who can really perform more than 1 job descriptions, they are very rare. For instance, you plan to hire a freelance web developer. However, you also need to market the website that the web developer made. You cant expect your web developer to plan and perform marketing strategies for your website. In this case, you need to hire a virtual assistant internet marketer.
  6. 6. Dont be the Stiff Uncle Sam every employee hates because youll end up screwing your business. Invest in people who can truly work effectively for you. If you think you need to hire two professionals to perform two tasks, then do so. After all, every great performance is equal to more profit! Asking Advice from "Best Friends.“ Theres nothing wrong with seeking opinions from close friends but you should never make it your sole basis for making a business plan. Unless they are experienced entrepreneurs and business bloggers themselves, you should look into the bigger picture of your market.
  7. 7. Bottom line is, research directly fromyour target market. Studying their wants,needs, and trends will eventually give yourmarket more success in the future. A big challenge awaits every start-upentrepreneur. It is necessary to be theprofessional businessman everybody expectsrather than an unrealistic and unorganizedentrepreneur.

×