5 #Small Business Saboteurs #Entrepreneurs Must Guard Against

This is an amazing time to launch a small business, but if entrepreneurs aren’t careful these nasty little gremlins will take them down from the inside…

Don’t let these fatal missteps derail your plans for small business success:

1. Micromanaging

If you are micromanaging, then you are your own worst enemy. Your staff will be miserable and bitter, held back from their best work, and you will continue to entertain yourself with meaningless busy work instead of focusing on the really important money making and strategic stuff. Pinch yourself every time you catch yourself in the act and change that bad habit.

2. Lack of Systems

Lacking systems is a recipe for failure. Entrepreneurs must realize that systems are the secret to better time management, increased ROI on staffing, and minimizing the odds of errors.

3. Not Tracking Trends

Consumer habits and business trends are changing at light speed today. If you aren’t constantly wired into what’s going on, then you are going to quickly find yourself way off course. For example, small business owners focusing on membership site models might have missed the fact. A new survey shows almost 70% of mobile device users would prefer to watch ads than pay for premium content. At the same time PayPal is already figuring out how to conduct mobile payments in space. Know where the money is, and where it will be.

4. Failing to Force Growth

It doesn’t matter how incredible or needed your small business idea is if people don’t know it exists. Just because you and your initial focus group love it, doesn’t mean it will go viral like a Justin Bieber video all by itself. In a recent growth hacking how-to guide on G-Code Magazine, the publication’s co-founder points to affiliates, paid search and self-published press releases as easily implemented strategies for tapping into a larger audience fast.

5. Branding

Where many entrepreneurs completely fumble the ball is on branding. Specifically forming a brand identity, and pushing visibility. Procrastinating on this will only sap marketing ROI, traction and value, while missing on the millions of dollars, which could be simultaneously added to the company’s valuation.

For busy entrepreneurs the quick hack here is to scoop up a powerful toll free vanity number. It’ll take less than five minutes and instantly start creating brand recognition, in addition to a plethora of other benefits.

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