There are common mistakes new business owners make that you need to know now so that you can avoid them in your own business. Find out the top three mistakes in this snippet of an interview between Dale Beaumont and successful business partners Daniel Turner and Marc Lindsay.
It is best to learn from others’ mistakes and not make them yourself! With Daniel’s extensive business experience and Marc’s expert knowledge of SEO and technical skills, the pair have become a powerful team. They focus and pride themselves on satisfying and over-delivering on all their customers’ needs and never letting a customer’s problem go unsolved.
In your opinion, what are the most common mistakes new business owners make?
- Failure to plan for the future – most people do not have a plan when they start a business. Usually, new business owners are running away from something (bad bosses or nine-to-five jobs) and so usually they forget to plan. As a result, ten years down the track they are no further ahead than when they started.
- Working in a business – if you own a business you should not work in the business forever. Yes, you might have to work 100-hour weeks for the first six months or four years, but you should be aiming to hire other people to do the technical work so that you can step out of the roles that consume the majority of your time. When your business is profitable enough for you to stop doing the technical work, you should step out and focus on building the business.
- Not letting go – this is something that I personally have issues with all the time, mainly because of my history. Having control issues in your business is one of the worst and most detrimental problems you can have. The belief that ‘no one can do it as good as I can’ is one that you must simply destroy. If you don’t, you’ll struggle in your business and continually go through an expand and retract process until your business dies or you give up in frustration.
Learn how to avoid the common mistakes new business owners make and more in “Secrets of Internet Entrepreneurs Exposed!“.