Mistake Some Entrepreneurs

Not everything is properly manifested in everything they undertake entrepreneurs in their businesses, corporations, very often they make, will give some errors, that those who have studied have been released, and other professional experience that we have collected .

Through this paper, are collected more frequently, so that those interested in the subject to take them into account, and help others avoid that this is not the.

Has respected the opinion of some selected and added others personal, trusting that it will take corrective action to ensure good performance, achievements.

Alberto Núñez, says about it, that today most owners of micro and small businesses already know about the inescapable need to dedicate themselves to do the important issues before they get to become urgent, trying to focus on those activities related to the achievement of the objectives and the purpose or mission of the company and are convinced that their work as leaders of your organization will be to take strategic decisions, design strategies to be adopted and manage processes, resources and efforts of people. It is necessary to be careful not to make mistakes.

From him, we believe we have selected some common and needs to be taken into account as follows:

• The plans have no business can keep learning about new and different ways to produce at lower costs or attract the attention necessary to contact people and companies who want to know, to distribute the product effectively and efficiently. A good plan, on the other hand, can help even eliminate the need to telephone customers without an appointment, causing a better impression.

• Not knowing customers well against the constant changes in consumer preferences and the products and services of competitors can stop "biting the dust?. Moreover, not knowing either prevents customers and competitors know what they are demanding and products needed in the future based on buying trends.

• Ignoring the company's financial position, business, prevent hold during the months of low-income, when consumers are not responding, even the best products as quickly as they should.

• To ignore the needs of employees prevents effective strategies to motivate, guide and direct their efforts, without doubt one of the most difficult challenges that must be faced, exercising patience, persistence, and demanding leadership skills, especially when problems arise and morale, productivity and income from being quickly diminished.

• Confusing reality with what "should be?, Not realizing that the quality of an entrepreneur, always forced to live in a world of assumptions, but that money is spent in the real world.

• Do not have a sales forecast that impedes the actual map that allows one to know what the best selling products come from, where to go in the future and measure progress in a serious financial and overall business progress.

• Do not hire the best employees, sharing with them the responsibility and delegating sufficient authority hinders the search for further growth of the company. Perhaps the desire to start their own business was becoming a sort of superhero and be the key to everything that happens within it, but soon realizes he can not do everything, and even small levels of growth begin to feel completely overwhelmed

Money magazine adds several of which we consider relevant:

• Inability to cope with change: The business world is full of examples of successful business people who have taken up ideas that others have discarded. The limited ability of some to find different ways to overcome the difficulties is one of the main causes of failure. As companies evolve, strategies should be coupled with the new requirements. Few entrepreneurs understand that contingency plans are key to growth.

• Excessive optimism: By definition, entrepreneurs are optimistic people. It must be so, because otherwise would not bring their projects and convince others to join them with resources and labor. However, the biggest complaint of investors in the world is that they lack realism in your projections. Overestimate revenues and underestimate costs is very common cause of business failure. It is also usual that entrepreneurs make the mistake of starting to spend what you have not yet won.

• Lack of knowledge of himself: Every entrepreneur before installing company must answer some basic questions: Do I have clarity in my goals? I am thinking about the right strategy? ¿I can run? The relationship between the personal interests of the entrepreneur and the business operation is critical to success, Bhide argues. For example, it is the same thinking companies to create lasting, or create businesses and then sell them or to get rich. If the results of the company at the end do not match the expectations of the entrepreneur, this can make it fail.

• Do not build good teams, one of the most common mistakes entrepreneurs make is thinking they can see their projects alone. For fear to share knowledge, or the love they have for their companies, they tend not to join other people and lack of experience may fail. Amar Bhide, a professor at Harvard University, found that another error is coming together, for convenience, with people of similar skills or untrained. Besides, he says, a point which generates a large proportion of failures is not able to handle the difficulties of working with family and friends.

To all of them can add others, such as lack of modern management topics, fundamentals of management science, use of research, especially the marketing feasibility of generating performance and business success, appropriate administrative control systems: management of human relationships, conflict management, not properly manage their assets, be aware of what consumers demand, worry about the quality and productivity, lack of leadership.

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