4 Mistakes Small Businesses Make

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1) Taking on too much• In a small business it is quite

common for everybody to chip in with tasks that don’t fall into their job description. Even though this is the case you should make sure you don’t take on too much.

• You shouldn’t be afraid to outsource tasks that require technical expertise until the time when you can hire someone for this role.

2) Starting with little funding• Running a small business will

bring challenges that you will have no warning of so it is wise to start with some money held back in case of a sudden unexpected cost.

• It could help to have some investors for your business as then you will not be losing all of your own personal savings.

3) Ignoring the most profitable aspect

• A common mistake people starting their own small business up make is that they tend to ignore the most profitable part of the business if they feel their business is running into trouble.

• Businesses that do well tend to stick with what they do best.

4) Thinking a product will sell itself• Your business may sell the

greatest product in the world but it can’t be sold if nobody knows it exists.

• You should try to promote your business in any way you can whether this is advertising or word of mouth.

For More Information• If you’re looking to advertise your business please visit our

site at the following link: http://coastbusiness.co.uk/