What should business owners avoid?

[Blessedsam60]

The major thing that keeps business moving is good management. Effective management could make your business or Mar your business. This is the reason why you should employ someone to oversee your business with good managerial skills.

 

[jay]

There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.

If your business is very important to you you should always make it a priority to try as much as you can to cut out all unnecessary expenses that is going to put your business into debt .

 

[kinqzbitz]

Well business owners should actually avoid selling things on credit and also giving discounts to family and friends and it shouldn't be in a regular basis and so on

 

[Sotherefore]

Try to avoid things that causes distraction to you in your business
Most especially if the business is just new, if you are not doing this then it is possible to lose concentration and this might really affect the business.

 

[ahmedo24]

If one is very disciplined in terms of financial transactions and business activities you will definitely succeed in your business. It is also very important that you don't get scared of competition.

 

[eLdavis]

Well business owners should actually avoid selling things on credit and also giving discounts to family and friends and it shouldn't be in a regular basis and so on

You know when it comes to doing business with family members and close friends, it's Abit hard to actually charge them the same way you might charge others. When do you think should be the best time to give them discount?

 

[Laurentta]

There are different things a business owner should avoid when running a business. Some of them includes:
Neglect of business
Spending income unwisely insteading of investing it
Poor relationship with customers.

 

[Skysaint]

Business owners especially those who wants to start up a new business should avoid the act of taking loans because it's just as dangerous, it has its risks which makes it not worth it. Again, is that business owners should avoid procrastination.

 

[Toyoabasi]

Business owners should try to avoid incurring unnecessary debt, they should be firm and critical thinkers who can carefully evaluate and make proper decisions.

Yes.
I would always advice business owners never to incur debts. These debts may eventually be labeled bad once you're unable to repay, and can be a threat to your business.

 

[Wiserr]

There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.

as an entrepreneur the first thing you need to avoid is don't spend more than you earn. most businesses collapse because of this particular issue of spending more than they earn.

 

[jay]

There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.

It is very important that as a new business owner you should try as much as you can to come down expenses at the barest minimum and you should also try as much as you can not to purchase stolen goods for your new business because it will drive you back if you are caught.

 

[Heatman]

There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.

If your business is actually very new it is very important that you try as much as you can not to get into unnecessary expenses that is going to get your business into serious financial problem.

 

[Good-Person]

Business owners should avoid being dishonest with their dealings. Things like this make customers to seek better alternatives. Things like this would make your business crumble.

Honesty is a great policy and many business owners should make their policy a building block of their business and this is how they can become more successful.

 

[Sotherefore]

If one is very disciplined in terms of financial transactions and business activities you will definitely succeed in your business. It is also very important that you don't get scared of competition.

To me money is very important and that is what everyone should try to make sure they have enough before engaging in a business, one of the killer of business nowadays is spending so much that you are even making from the business..

 

[ahmedo24]

To me money is very important and that is what everyone should try to make sure they have enough before engaging in a business, one of the killer of business nowadays is spending so much that you are even making from the business..

of course when you have money are you able to utilise it in your business that's everything then see that you will break even faster in the business than someone without money but have enough ideas.

 

[ganibade]

Business owners will hate failure of business or down fall. Business owners would like to interact with different people to promote his business.he will also like to make huge amount of money.

 

[Sotherefore]

of course when you have money are you able to utilise it in your business that's everything then see that you will break even faster in the business than someone without money but have enough ideas.

Some people always try to make me to understand that money is not really important in a business , that the most important thing is how you can manage your business .. although management of business is important but without money it is impossible to establish a business.

 

[ahmedo24]

Some people always try to make me to understand that money is not really important in a business , that the most important thing is how you can manage your business .. although management of business is important but without money it is impossible to establish a business.

Money is very important in business but the fact that you have money enough it's not a guarantee that you succeed in business because outside money you need to have the technical knowledge about the business and the managerial skills.

 

[Salimo]

If your business is very important to you you should always make it a priority to try as much as you can to cut out all unnecessary expenses that is going to put your business into debt .

Yes that's right there are no businessman who don't make their business as priority , and of course they make a plan of expences and for profits .

 

[eLdavis]

Business owners especially those who wants to start up a new business should avoid the act of taking loans because it's just as dangerous, it has its risks which makes it not worth it. Again, is that business owners should avoid procrastination.

But most of them would give so many reasons why they need to take loans, infact loans has become very common now, what do you think can be done to change this mindset?