The Ten Deadly Mistakes Entrepreneurs Make that Destroy Their Profits, Morale

entrepreneurs who think they know it all and can do it alone. And, to me, this one is the saddest.

Why  . . .

Because so often their ideas are great. Plus, they work hard!
But, they just don't know what they don't know. So instead of being widely successful, their business fails.

The Ten Deadly Mistakes Entrepreneurs Make That Destroy Their Profits, Morale and Reputation!

1) Do Not Have Clarity of Vision: If you do not understand why your business exists, then how can your customers, your team, vendor and joint venture partners?

2) Do Not Create Core Values for Their Company and Employees: You see your core values dictate how you do business every day.

3) Do Not Understand the Need for an Org Chart: An organizational chart not only adds structure and efficiencies to your business but it clarifies who an employee should go to solve a problem or present an idea.

4) Do Not Create Job Descriptions: Entrepreneurs tell me all the time that they need help.

5) Confusing a Passionate Idea for a Sellable Idea: When people ask for advice on what their business should be, I tell them two things:

• Something you have experience in
• Something you are passionate about

6) Do Not Pay Themselves: Must entrepreneurs do not factor their income into their financials and business plans.

People who should listen to this show are entrepreneurs