💫 15 business Tips Every Entrepreneur should know 💫
- Jesse y Lore camargo
- Apr 18, 2020
- 2 min read
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The biggest misconception about small business owners is that they may be experts in their field but novices in running a business which sooner or later that trips them out and usually is the reason of them failing.
1. Always make sure you got cash in the bank that’s the common business failure mode.
2. Don’t cannot fire bad employees fast enough.
3. The problem probably you when I was an employee a lot the times the attitude of a manager really affected my mood, I still did my job but eventually quit because I wasn’t happy.
4. Take care of your star employee because when you don’t they eventually would look for other option.
5. Your employee aren’t your child, personal assistant or your shrink so if you use them that way you will regret it later.
6. Listen to your customers always give the best customer service if they give feedback make sure you get back with improvements if it’s possible.
7. Learn two words: meritocracy and nepotism. The first is how you run an organization- by recognizing, rewarding and compensating based solely on ability and achievement. The second is how you don’t run organization - by playing favorites and biased.
8. Knowing when and where to be transparent .
9. Trust your gut.
10.protect and defend your intelectual property. Defend you IP if you don’t you’ll lose your only competitive advantage.
11. Learn to read and write effective agreements.
12. Run your business like a business.
13. Know your finance inside and out.
14. You don’t know what you don’t know. Be humble and accept you don’t know certain parts of your business and ask for advise and mentoring.
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If you have a business are you making some of this mistakes and would you put in play to improve your business?
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