Should update periodically. F. Errors in setting your product prices and consulting rates: If you set your rates/prices too low then you will not be able to afford to stay in business. If you set your rates/prices too high then you will not be able to get any business. Therefore it is Ghana Phone Number important to do your research and set your rates and prices accordingly. G. Not optimizing your business processes through continuous improvement: Nobody starts out in business doing things perfectly – the best way to be successful is to make sure that you not only devote time.
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But also invest the time to improve your business processes – whether it is finding a better way to find clients or a cheaper way to deliver your products or services – it is so important to always be looking for ways to do things better. H. Working too much and burning out: Many new business owners think that you need to work around the clock in order to make your business work. The smart business owner knows that ideally, your business should be making you money 24-hours a day BUT you should not have to work 24-hours a day to accomplish this. I. Not investing enough time in your business.
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lot of time and effort. Neglecting to give your new business the time it requires to build it into a legitimate business and maintain it – will quickly lead your business to enter a downward spiral. Common Errors In Customer Relations: J. Saying ‘yes’ to every client: some clients are just not worth the trouble, some jobs are not worth the time and some contracts are not worth the cost of the paper that they are written on. It is important to properly vet your customers before entering into a relationship with them. One bad debt or shady client could lead.