Professional Documents
Culture Documents
1 Misguided management
TIP
Open up the level of communication
and trust so that things get done
quicker and more effectively. If you
don’t know, get help from someone
that does.
2 Lacklustre branding and marketing
TIP:
Step into your customer’s shoes
and challenge yourself: is your
message really going to make
them stop and take notice? If not,
change it.
3 Poor cashflow management
TIP
Work out the profit margins on
each customer and the break-
even point each month. Be
rigorous with credit control.
4 Ineffective business planning
TIP:
Work backwards from a
desired position and set a
succession of milestones to
ensure this vision is achievable.
Then fill any missing gaps.
5 Staffing issues
TIP
Your actions determine the
actions of the team around you.
Live and breathe the values that
you want to represent your
business.
6 Absence of clear objectives
TIP:
Establish the direction to take
your business and define the
short-term and long-term
aims that will help achieve
these goals.
7 Prohibitive location
TIP
If your location is prohibitive, take
your business into the virtual
world and compete with those
that are complacent in their
online activity.
8 Lack of finance
TIP:
Forget the banks and start
with a service that will
aggregate the options for
you, such as Finance Finder.
9 Failure to embrace new tools
TIP
List your top frustrating and time-
consuming business activities.
More often than not, there’s a
service or app that eases the
burden.
Are you prepared to avoid these traps?
Is your business built to succeed?
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