How Not To Run Your Business

Whether you have a business right now or you’re thinking of starting one, you should aim to do as much research as possible to get your business off the ground. Not only should you be reading up on the best ways to run your business, you should be reading up on how NOT to run your business. Take a look at the following pointers so you know what not to do:

Doing Everything Yourself

So many people who start a business decide that the only way to do things, is to do them themselves. This can be tempting if you’re a control freak and you want to make sure that everything is done right, but you will end up spreading yourself thin, running out of energy, and potentially losing your passion and focus for what you’re doing. You need to put your trust in capable people, which is why hiring when the time is right is so important. You can even go virtual and freelance with the people you hire, so you don’t actually have anybody in house.

Staying Still

If you stop evolving, then you stop growing and improving. The world changes more each day, and this means your business should change too. Pay attention to the changes in your industry. You can change anything, from your target market to your strategy. The best thing you can do is learn from the past and use it to move forward. Take a look at the infographic below for help on coming up with a new business operating model:

credit to Marylhurst University Online