Remember when you started up your business? Things were going fairly smooth, right?
But growing your business will give you the opportunity to make real money as long as you avoid these top 5 mistakes that plague a young business:
1. The Overreact
When growing your business there are always issues that come up that need to be resolved. Just get to the heart of the matter and tackle it after thinking it through. Don’t react in haste, make sure you research and then apply what you learn.
2. The Money Pit
Your business is starting to make real money and you have a profit to work with. Don’t move away from your business model that you have built for yourself. Don’t get pulled into places that won’t benefit your business growth like overspending in ads and paying for leads. Don’t dilute your focus.
3. The Crumbling Foundation
When your business was just a vision of yours you had to formulate an idea and it blossomed into a tangible business. You implemented a step by step plan for growing your business into the model that will make real money for you. Nurture that plan and don’t forget what your mission is for your business.
4. The KISS
Don’t waste time with tasks that aren’t directly related to your business. This will take you away from the things that make real money. This will create a work overload with things that are not relevant to the cause creating stress for you. Keep it simple and stay focused!
5. The Opportunity Seduction
Keep your eyes focused on the business goals and not all of the shiny things that distract you from your plan for growth. There are a few things that are worth checking out like joint ventures, licensing your product and finding a complimentary target market.
Online or offline, if you avoid these common 5 mistakes you will be growing your business to make real money. This will keep you focused on the things that count.
What are you doing in your business to avoid some of these mistakes? Please share your comments below.
To Your Continued Online Business Success!