Entrepreneur: 5 Common Pitfalls to Avoid to Grow a Business

You have all heard or seen entrepreneurs whose great idea has worked and the business has grown from leaps to bounds, the entrepreneur and the management team have worked very hard and opened 2 to 3 more branches, then suddenly the business stagnates or it starts declining. You then wonder, what went wrong.

Business Quotes

Entrepreneurs are fascinated by quotes. They spark your creativity, motivate you to action and inspire you to greatness. The right words at the right time can be fundamental to your success. Below are this week’s quotes. Be inspired;

1.      “Not doing more than the average is what keeps the average down.” - William M. Winans, Clergyman

2.      “It is on our failures that we base a new and different and better success.” – Havelock Ellis, Physician and Author

3.      “If you work just for money, you’ll never make it, but if you love what you’re doing and you always put the customer first, success will be yours.” – Ray Kroc, Entrepreneur

4.      “Can anything be sadder than work left unfinished? Yes; work never begun.” – Christina Rossetti, Author

5.      “Do not go where the path may lead, go instead where there is no path and leave a trail.” Ralph Waldo Emerson, Poet

Vision: How to Develop a Vision for Your Business

Entrepreneurs and business managers like you can benefit from the realization that having a vision can provide the required competitive edge to your company strategy and enable you to be successful and profitable.

A vision can serve you in carrying out your leadership role, unifying your employee’s efforts towards the common goal and building loyalty among staff.

Thus far, it is important to have a clear vision which will guide decision making and goal setting.

But, how to you develop that clear and shared vision?

Vision: Importance of Vision Statement in a Business

The greatest responsibility for the entrepreneur or business leader is to midwife a clear and shared vision for the company and to get commitment to and vigorous pursuit of that vision.

Research has shown that businesses that perform well over a long period had their leaders instill a compelling vision into the company while the company was relatively small.

So, why is a vision important to business?

The corporate vision plays four very important roles:

Big 5 Work Habit Tips for Entrepreneurs and Small Businesses

The big 5 tips weekly post is as always full of advice and tips for Entrepreneurs and Small Businesses owners.Check them out ,then share with a friend.

1. Have self drive. Get right on the task. Avoid procrastination and short cuts.
2. Always tell the truth and particularly the most difficult to tell and without exceptions.
3. Use available resources first to solve problems   before seeking additional resources or asking for assistance from other sources.
4. Work at a steady pace that’s faster than required for the task and faster than anyone else.
5. Think through actions before taking them and consider the consequences.

If you have additional work habit for entrepreneurs and small businesses, share them in the comments section below.

Customer Care: Handling Customer Complaints

As small businesses begin to realize rapid growth and expansion, you may have realized that there is also an increase in the number of complaints from the Clients and an indifferent attitude of the employees towards customers, which in the long run, affects the business and the reputation of the company. 

The most common complaints from the Clients are usually:-- 

Business Quotes

Entrepreneurs are fascinated by quotes. They spark your creativity, motivate you to action and inspire you to greatness. The right words at the right time can be fundamental to your success. Below are this week’s quotes. Be inspired;

1.      “Some people have thousands of reasons why they cannot do what they want to, when all they need is one reason why they can.” Willis R. Whitney, American Chemist

2.      “Many of life’s failures are people who did not realize how close they were to success when they gave up.” - Thomas Alva Edison, Inventor and Entrepreneur

3.      “Six essential qualities that are the key to success: Sincerity, personal integrity, humility, courtesy, wisdom, charity.” William Menninger, Entrepreneur

4.      “With courage you will dare to take risks, have the strength to be compassionate, and the wisdom to be humble. Courage is the foundation of integrity.” - Keshavan Nair, Author – Gandhi Biographer

5.      “To accomplish great things, we must not only act, but also dream; not only plan, but also believe.” - Anatole France, Poet