These are the most common mistakes small business owners make when it comes to management:
Hiring the wrong people - Inexperienced owners often hire people they like or have a ‘good feeling’ about rather than the most qualified applicants for the position.
Poor training - Even the most dedicated employee can’t perform to their highest level if they are poorly trained.
Trying to do too much - As you move from a one employee shop to having more people, you still feel the need to do too much. Sooner or later you must delegate some of your responsibilities to others.
Poor use of time - Organisation is always a sign of a good manager. It’s not difficult to juggle several business problems if you have an organised plan for doing it.
Not being there to run the business - Absentee ownership is a tough way to run a business. You aren’t there to deal with the day to day issues. A good manager is essential but they can’t make the major decisions and you may not have all the information you need when the time comes to make those decisions.
The best way to prevent your business from failing is to make it more efficient. You can save up to 500 hours annually and increase productivity and revenue by 40% when you use the right business management software.
Bookmemate is the online business management software that allows you to schedule appointments, manage invoices and track your inventory.