Common mistakes to avoid in business

[eldavis]

One of the common mistakes people make in business is using their families and close friends as their staff. Those ones think they know you so well and can easily misbehave.

True but it is usually different from each persons. I have seen people make use of their families and the business is doing extremely well, then there are others who it didn't work out for them.

 

[Stardom22]

One of the most common mistakes that l see that most business persons commit is the making of wrong orders. lnstead of ordering the fast moving goods in larger quantities they do the other way around.

 

[eldavis]

One of the most common mistakes that l see that most business persons commit is the making of wrong orders. lnstead of ordering the fast moving goods in larger quantities they do the other way around.

Yes I think this usually happens when there is no proper research carried out. They just rush in to buy goods without trying to find out if this is what. Is in demand at the moment.

 

[Stardom22]

Yes I think this usually happens when there is no proper research carried out. They just rush in to buy goods without trying to find out if this is what. Is in demand at the moment.

You are absolutely right indeed. Most businesses often commit this kind of mistake and in most cases this has been the cause of most businesses to collapse for that matter.