10 Deadly Business Owner mistakes that can cost entrepreneurs their business.
1. All Sales no Delivery
2. The distracting dog of an idea
3. Out dated infrastructure
4. Nothing ever changes
5. It’s all my staffs fault
6. Books cooked beyond recognition
7. Marketing mismatch
8. No Plan B
9. Caged by business
10. I know everything
Why make avoidable mistakes, speak to your business performance advisor to improve your business success.
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1. All Sales No
Delivery
Great sales and
marketing plan let down
by poor customer
experience. Eventually
your sales team spend
most of their time
placating disgruntled
customers!
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2. The Distracting
Great Idea!
The quick money making
opportunity which has nothing
to do with your core
business, your knowledge or
skill base, but sounds great at
the time.
The dog of an idea sucks up
your resources and distracts
you and your staff from what
they do best. Then starts a rot
in the foundations of your
business.
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3. Out dated Infrastructure
Not investing in new equipment or technology. Not
maintaining current assets. Devaluing internally driven
innovation and process improvement. To eventually find
yourself left behind by your competitors.
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4. Nothing Ever Changes in my Industry!
Living in the past, head in the sand.
“I’ve been here before it will be okay!”
Famous last words!
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5. My staff bring
nothing to the
table!
Everybody around me is
hopeless and add no value to
the business. I may as well do
everything myself!
If you can’t replicate
yourself, your jobs, your process
you’ll struggle to grow your
business. You’ll struggle to
create time for yourself and
eventually burnout.
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6. Books that belong in a
Labyrinth
The over complicated company structure designed to avoid
tax when your business is humming. But when the market
circumstances change, you can’t work out which service or
product actually makes you money! Your over complicated
company structure is now a decision making nightmare!
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7. Marketing Mismatch
Losing touch with the market. Nothing like
successfully promoting a product every
body knows about but just does not
resonate in the market.
iSnack 2.0 launched at 2009 AFL Grand
Final, lasted 4 days before a name change.
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8. No Back Up Plan
Not planning for the worst case scenario. What will you
do if or when things don’t go to plan. How will you
work through challenging times, what is your Plan B?
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9. Trapped in your Business
Failing to; take time out, regain perspective, challenge your thinking, challenge
your methods, leverage your knowledge.
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10. I Know
Everything and it’s
All About Me.
Once you know everything
congratulations! You’ve stopped
learning, stopped moving with the
times. Eventually you’ll get left
behind by the changing market.
“There is only one rule is business:
Nothing stays the same forever”
Chris Catto, Director, Putney
Breeze Business Advisors
So never stop learning!
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Why make avoidable mistakes?
Talk to Putney Breeze Today
Arrange your obligation free initial consultation
Chart the route to your Business Destination.
Start your profitable growth journey.
info@putneybreeze.com.au
03 9395 1118