Steer Clear: 10 Mistakes a New Business Owner Makes in the First Year of Business!

July 22, 2011 Leave a comment

If you are a newbie in opening up a business, take a step back. You need to re-assess everything before putting your money on something that is not worth it.

For your knowledge, here are the Top 10 mistakes new business owners make, and of course how to resolve it:

1. No one gets something out of nothing. One must work in order to get results.

2. If you are priced very low, then clients will assume that your products are compromised and of low quality as well. You have to prepare for a great sales pitch in order to defend your low price.

3. Successful entrepreneurs wake up in the morning with a to-do list for the day.

4. The vital role is CHECKING and not doing the inventory yourself or planning for marketing strategy by yourself or handling the cash register yourself and etc… You need people to help you with that.

5. You need to outsource. There is no one-man expert in everything.

6. You must have short term and long term goals. A business without a goal is as good as dead.

7. Your personal affairs must never be involved in your business affairs.

8. Feelings or Emotions. There will be times that you are disappointed, upset or even angry. It is ok. You can express those emotions if the need brings you to it.

9. Take problems one at a time and assess how you are going to approach it while thinking how it is going to affect your business in the long run.

10. Do not put too much pressure on yourself physically and mentally. A well-rested body will perform better.

Follow these tips and you will come out better than the rest.

To Your Success!

Danielle Gambrell, Administrative Support Consultant for Passionate and Driven Entrepreneurs and Business Consultant

Steer Clear: 10 Mistakes a New Business Owner Makes in the First Year of Business!
Copyright © 2011 Danielle Gambrell All right reserved
http://www.dgyourvirtualassistant.com

Filed under Helpful Tips

About Danielle Gambrell-DG Services
Hello I’m Danielle Gambrell of DG Services a professional Administrative Consultant. I am also a mother of four beautiful sons, wife and grandmother. In 2006 ongoing corporate downsizing and restructuring compelled me to take control over my future while continuing my passion for Business Administrations. I am a highly analytical thinker with demonstrated talent for identifying, and improving & streamline complex projects and I love every minute of it! As a small business owner myself who specializes in providing Administrative Consultant services to woman entrepreneurs and small businesses, my mission is to work along side woman entrepreneurs that need high quality, valuable administrative and social media support on an ongoing basis, virtually. Through my work I am interested in providing you the time, space and energy for you to do greater things in your business I am also an advocate in the fight to end Alzheimer’s disease, my passion to help put an end to this epidemic begin when I lost my beloved grandmother The Late Mrs. Mary Wright to this disease in November 2006. So my blogs will have updates on this important heath issue. Therefore, I invite you to join us to put an end to this epidemic. For more information and to make a donation, please visit http://www.alz.org.

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