The 7 Deadly Sins That Failed Business Owners Make.
To make sure your business succeeds, let’s take a look at the 7 deadly sins of business:
Business Sin #1. Pride.
Being too proud to ask for help is the fastest way to derail your business.
Part of the ‘big picture’ thinking involved in owning and running a successful business means that your priority is always the long term success of your business.
Asking for help is a strength. Not a weakness.
If you’re not sure of anything, reach out to your support network.
Save the pride for your successes.
The other side of Pride.
Vanity is tied closely to Pride. To being unwilling to ask for help.
As a business sin, Vanity refers to being concerned with how others will perceive you if you ask for help.
Your focus should always be success.
The ability to ask for help when issues arise that are outside your zone of genius will prevent you from making avoidable mistakes.
The truth is that no one will think any less of you for asking for help. Asking for help will contribute to people’s perception of you as a strong business owner.
The success of your business will make sure of that.
Business Sin #2. Gluttony.
Business gluttons bite off more than they can chew.
You say yes to an order that is larger than ever before. The excitement wears off. You have second thoughts. You reassure the client that you can deliver.
When you don’t deliver, your business reputation suffers.
Every business owner has an appetite for success. That’s why we work so hard.
You need to be aware of what you can achieve in any given timeframe.
Always remember that real success and growth occur only when you are aware of your limits and can faithfully deliver on your promises.
Business Sin #3. Sloth.
Time management is crucial in running a successful business. Which brings us to sloth.
Something goes wrong. Address the issue as soon as practical, or close your eyes and hope that it all blows over?
Business owners avoid taking action for many reasons. It’s often easier to wait and see what happens, especially when action would require a difficult or uncomfortable decision.
It’s those situations that require you to step up and take charge.
Your role as a business owner is to see the big picture at all times. This needs a combination of planning and action.
Business Sin #4. Lust.
It’s easy to get caught up in business lust.
To want what others seem to have.
A successful business owner needs to understand the benefit in taking things slowly. As well as knowing that it can be destructive to take things to next level before your business is ready.
Moving at a steady pace allows your business to grow at a sustainable pace, making sure that you have the right foundation and structure in place.
Any successful relationship, requires you to be able to focus on long term goals.
Don’t be distracted by short term gains. You’re in this for the long haul.
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