My rich habits most successful homemade millionaire in research to avoid mistakes

Many business owners and entrepreneurs are part of my extensive habit study (51%).

The information they shared with me about their daily habits, I think is revolutionary and priceless. Interestingly, many of the mistakes they make in growing their business are crucial to their future success.

Business errors stand out as if they are missing teeth. Afterwards, they were so obvious. You want to know how you would be so stupid. But making mistakes is part of a successful business. In fact, every successful business is full of tooth loss.

These mistakes provide a learning experience that classrooms can never be copied. Mistakes are MBAs in real life.

Because business mistakes can cost you time and money, avoiding them means you can spend time and money to help you grow your business.

Here are some common business mistakes for homemade millionaires in my research, and hopefully you won’t:

1. Poor quality
2. High-quality products or services are the cornerstone of every successful business. Quality brings the customer/customer back. Businesses with poor quality are always looking for new customers/customers. A new client/client acquisition is much more expensive than satisfying old and coming back. Companies with poor quality will always pass. They make a living by making a living.
3. Lack of customer/customer feedback
4. The most successful business is constantly searching for customer/customer feedback. This feedback is crucial because it provides important information about what you do right and what you do wrong. Every business should provide feedback on the products/services they provide. Ideally, this feedback is the most valuable immediately after the product is sold or provided. Timely customer/customer feedback allows your business to be immediately course-corrected to prevent loss of revenue.
5. Excessive effort
6. Successful businesses are barely hired. They keep their staffing levels at a minimum even during the growth phase. Instead, they rely on a core group of highly competent and proven employees, accounting for 80% of sales and filling the 20% gap at seasonal employees, part-time employees or external contractors.
7. procrastination
8. Successful companies adopt a “do it now” mentality. They do not delay meeting customer/customer needs. Procrastination can lead to a “fire outbreak” response to meet customer/customer needs. This “launch fire” response leads to poor quality, customer/customer dissatisfaction, lost customers/customers, and potential litigation, which makes the business consuming valuable time and money.
9. Lack of vision
10. Successful businesses know exactly where they are going. They have a very clear vision of the destination. The architectural team they use to turn their vision into reality is the goal. These company-wide goals are written. They will frequently monitor and revise to meet the ever-changing business environment. Successful businesses understand that goals are relevant to their vision and help them move forward.
11. Can’t keep up with your competition
12. Successful businesses are adapted to their industries. They always read industry journals or blogs with industry trends and opportunities. They adapt their business to changes in the industry. They have been in a “self-improvement” mode; always improving/expanding their core products/services to match or surpass their competitors. Successful companies have their industry pulse.
13. Your products/services are products
14. A successful business has a unique brand that is the result of providing value-added products or services or filling in some niche markets. They offer something unique to help them stand out in the competition. When your product or service becomes a product, it will appear in the bottom line.
15. Poor marketing
16. Successful businesses have unique marketing strategies that can help them build their brand. They don’t follow marketing strategies to hear. They create their own proprietary strategies through trials, errors and brainstorming meetings with employees and business partners.
17. Don’t understand the needs and needs of customers/customers
18. Successful businesses know their customers/customers want and need. They then create products or services to meet these needs.
19. Unable to meet customer/customer expectations
20. Successful businesses exceed customer/customer expectations. They always try to deliver on their promises. Customer/customer satisfaction is that their expectations are met or exceeded.