What Are The Most Common Mistakes Made By Businessmen?

[Heatman]

Being a businessman may be a really hard thing. You have to make very important decisions. The fact remains that businessmen must be a really intelligent person. However, despite that, there are many common mistakes that are made by businessmen, so what are those common mistakes?

One of the major mistake that some business owners make when it comes to managing their businesses is hiring the wrong person to help them run their business and such individual will impact on the business negatively because he doesn't really have much to offer in the business.

 

[Robust]

Some of the common mistakes business men or women usually do is by giving out there product and goods on credit putting the mindset that he or she is my friend.

 

[Trey]

One of the common mistakes made by business men is embarking on production without ascertaining the specific needs of their target market. They would end up producing what no one would buy.

 

[Kennysplash]

Not being patient enough for their business. Many business people wants to be saying results as quick as possible and this really happens in business. You have to be patient.

 

[Mayorla]

Some common mistakes I think most businessmen make include and are not limited to the following; They try do everything by theirself, rather learn to dedicate some task, They are disorganized and do not define their market and target audience.

 

[Jonaville1]

Being a businessman may be a really hard thing. You have to make very important decisions. The fact remains that businessmen must be a really intelligent person. However, despite that, there are many common mistakes that are made by businessmen, so what are those common mistakes?

One of the most common mistakes that businessmen do is that they always sell too much goods on credit. They have forgotten that selling too much goods on credit will make them go bankrupt.

 

[Syldan]

Personally I think one of the common mistakes that are made by business men, is lack of business planning and also unbalanced in budget proposals which makes it very difficult for them to achieved their goals.

 

[Heatman]

There are a lot of mistakes businessman can make but I think that big mistakes is that they don't have a good plan they first need to learn risk and how to manage a business

A very good detailed plan is something that is very core to the survival of any business because once you don't get your business planning and management right, your business will start suffering from the beginning to the end.

 

[Holluwaphemmy]

Being a businessman may be a really hard thing. You have to make very important decisions. The fact remains that businessmen must be a really intelligent person. However, despite that, there are many common mistakes that are made by businessmen, so what are those common mistakes?

Sometimes, the common mistake most businessmen make is poor decision-making. A business man decision is very important factor when controlling a business man.

 

[Laurentta]

I feel one of the common mistakes businessmen makes is assuming they know their job too well and assuming they can't make mistakes. This is not true as everyone is prone to make one mistake or the other.

 

[Chibson]

I feel one of the common mistakes businessmen makes is assuming they know their job too well and assuming they can't make mistakes. This is not true as everyone is prone to make one mistake or the other.

Any business person who assumes that he or she is perfect and cannot make mistake will actually end up making mistake. As a businessperson you should always be open to learning new things every single day.

 

[Laurentta]

Any business person who assumes that he or she is perfect and cannot make mistake will actually end up making mistake. As a businessperson you should always be open to learning new things every single day.

You are right. We learn new things everyday and there would definitely be new ways of doing things. So a business owner has to be open minded to new things that will help the growth of the business.

 

[Abigael]

I feel one of the common mistakes businessmen makes is assuming they know their job too well and assuming they can't make mistakes. This is not true as everyone is prone to make one mistake or the other.

Yeah, you should leave room for mistakes in your life. This is because you are not perfect no matter what you do. Leaving room for mistakes helps to ensure that you don't beat yourself up when it happens and you move on faster from it.

 

[Chibson]

You are right. We learn new things everyday and there would definitely be new ways of doing things. So a business owner has to be open minded to new things that will help the growth of the business.

Yeah, as a businessman being open-minded is very important and necessary. Most of the time your employees will even be the people to suggest some good decisions that will make your business successful.

 

[Laurentta]

Yeah, you should leave room for mistakes in your life. This is because you are not perfect no matter what you do. Leaving room for mistakes helps to ensure that you don't beat yourself up when it happens and you move on faster from it.

You are absolutely right. We are human beings and we make mistakes at one point or the other, whether we like it or not. Leaving room for mistakes helps us to easily get over the mistake.

 

[Treborika]

Every businesman make different mistakes depending on the type of Businesses they are dealing with. However the most common ones are the wrong estimation on the stocked goods to the desired Goods by the customers.

 

[Chibson]

One of major mistakes a lot of business people make is not having reserve funds for their businesses. When major crisis hits the business it will go down the drain.

 

[Good-Person]

One of the major mistake that some business owners make when it comes to managing their businesses is hiring the wrong person to help them run their business and such individual will impact on the business negatively because he doesn't really have much to offer in the business.

Well, hiring a person could be risky. You may get the right sort of results or you may never get any results at all. This is why many companies hire people on temporary basis as well.

 

[Sotherefore]

Well, hiring a person could be risky. You may get the right sort of results or you may never get any results at all. This is why many companies hire people on temporary basis as well.

Hiring people may be risky and sometimes it may not. Hiring people does not mean that you have to allow them with responsibility without proper monitoring and supervision.
Hiring a temporary worker does not mean that they will likely execute your task perfectly . Normally you have to monitor exactly what you are asking them to do to make sure they are delivering the best.

 

[Chibson]

Hiring people may be risky and sometimes it may not. Hiring people does not mean that you have to allow them with responsibility without proper monitoring and supervision.
Hiring a temporary worker does not mean that they will likely execute your task perfectly . Normally you have to monitor exactly what you are asking them to do to make sure they are delivering the best.

of course whenever you hire anyone to work in your business venture you must monitor the very well. That is why in the business venture it is important for them to have a very transparent screening method for potential employees. That way only the qualified ones will be hired.