Keeping your small business running smoothly is a complicated task. With so many things to stay on top of, it can be easy to make mistakes along the way. While some mistakes may seem unavoidable, that doesn’t make them any less costly and difficult to recover from. Here are some common mistakes that small business owners make and how to avoid them.
1) Hiring Too Quickly
Being too hasty to hire new staff can lead to a lot of complications in the future. It is better to take a while to find the perfect candidate and maybe have a higher workload in the process than to hire someone who doesn’t meet the standards you know you should be holding them to.
The people you hire will be responsible for important aspects of your business that you will only want to entrust to those you know will do a great job, not to those you will have to worry about and micro-manage to keep them on track.
2) Not Delegating
Delegation can be a difficult skill to master, but it’s critically important to the success of your small business that you do your best to do just that. The more you embrace delegation and avoid trying to handle too many tasks on your own, the more efficient your business processes will be. Delegation is the way to growth and opening you up to discovering new opportunities as the leader of your business.
3) Not Being A Good Listener
Be dear to your staff that you are open to meeting with them at any time. When they know you will actually listen to their concerns and ideas, they will feel more fulfilled and respected in their work. By listening to what individual members of your staff have to say, you will also learn about what motivates them to perform well and feel excited about their work, and in turn, be able to make better management decisions going forward while having a happier team in the process.
4) Avoiding Giving Feedback
In the same way you are open to listening to your employees, they should also be open to any feedback you have to give them about their work performance.
Many small business owners and managers have a hard time giving feedback to their employees, as the nature of the staff of a small business is typically quite close and personal. With that being said, even feedback that is critical of a staff member can be presented in a way that is honest, helpful and comfortable for everyone involved. It’s in this way that open and respectful dialogue can make giving feedback to employees something that greatly benefits your business.
Avoiding these common mistakes will go a long way when it comes to growing your small business. By not being afraid to delegate, listening to your staff, being patient with your hiring and embracing giving feedback, your business will be well prepared for any challenges and continue to grow for years to come.