When thinking about how to create a business, there can be so many ideas flying around in our thoughts. Just getting one of those ideas to land can get you soaring to new heights but avoiding minor errors that most new business owners make will save you headache, time, energy and money. In this excerpt of an interview with Mike Rhodes, he shows you how to create a small business through avoiding pitfalls that stunt growth.
Two days after starting his first business, Mike experienced a minor setback when his internet cafe was flooded. After the water had gone, he went on to build a popular business, which he sold in 2001 and then moved to Sydney, Australia. Mike now spends his time speaking, consulting and mentoring with businesses on the subjects of online marketing and building websites that work.
In your opinion, what are the most common mistakes new business owners make?
- Doing everything yourself – so many business owners believe that no one will do a task as well as they will. Therefore they try to do everything, often forgetting that they started out the same way. We all need to be given a chance to learn and to be able to do so in an environment where people are allowed (even encouraged) to make mistakes.
- Failing to create the right environment – encouraging people to make mistakes might seem a bit daft, but without it your business will grow so much slower. Staff won’t want to push the boundaries or make independent decisions for fear of being punished or ridiculed. Instead, imagine if you rewarded the best mistake of the week!
For more of this interview and information on How to Create a Small Business check out “Secrets of Internet Entrepreneurs Exposed! “