Everyone makes mistakes and learns from them. There are a few mistakes
in business that many people make. But these business mistakes can cost them a
lot. Your business too could be at a risk if you are making these mistakes. Adesina Meka Silvanus, an entrepreneur
with a fine knowledge of business, believes that knowing about these business
mistakes will make you wiser.
Scroll down to know the business mistakes you may be making right now
and the opinions of Meka Adesina.
1. Not Taking Care
of Your Employees
However big or small your business is, make sure that you treat every
employee well. In the words of Adesina
Meka Silvanus, your employees work hard along with you for the success of
your vision. Not treating them properly or not encouraging them from time to
time will affect your business.
2. Not Aiming for
Long-term Relationships
According to Meka Adesina,
business owners, especially the startup owners, prefer accomplishing short-term
profits. However, a greater amount of loyalty gets built when aiming for the
long-term relationships in a business, This loyalty goes a long way in
establishing your business successfully.
3. Valuing Money
More than Your Mental Health
To set up your business, you need growth. However, the growth of your
business can require tons of labour and work. Going by the beliefs of Adesina Meka Silvanus, you should aim
for business growth but not at the cost of your mental health. Try to create a
balance between your business and your mental health.
4. Failing to Make a
Business Plan
Meka Adesina believes
that a business plan works as a foundation. Without this foundation, your
business will not reach anywhere. If you too lack a business plan, it will be
tough for you to make business decisions in future. To avoid that, creating a
business plan will be the best advice.
5. Building Team
without Consideration
A lot of your business relies on the output of your team. When the team
is not correct, the output will not be great either. As Adesina Meka Silvanus puts it, always hire thoughtfully. Every
person you hire needs to contribute productively for the overall output of your
business team.
We hope that the knowledge of these mistakes helps you run your business
successfully.
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