While there is no better feeling than turning out for work every day when you are your own boss, there are still a lot of traps on the way to success. You might be ready to change the world and to show your previous employer what you are made of, but you should also pay attention to some obvious mistakes that most startups are guilty of making one day or another. Owning your business is a serious challenge, and it is exactly why you should pay careful attention to your action and to your team – if you already have gathered a team of employees who believe in your services.
#1. Starting With The Wrong Work Attitude
Early stage entrepreneurs start their own business without a correct work attitude. Of course, there is no denying that the motivation and the ideas are there, but when you fail to set the foundations of your working method, it’s hard to move in the right direction. For a start, never begin your first week of business without a plan. A plan is not something that you can sketch on the corner of a corner in a few minutes; your business plan is the roadmap for your business. Get a plan, then start a business, that’s how it works. For many new entrepreneurs, the beginning of freedom, of working for nobody else but themselves can be daunting: Most end up barely achieving anything meaningful, either because they haven’t worked enough or because they have worked way too much. In short, keep your mind and your efforts focused on your goal at all times.
#2. Not Getting Any Decent Office For A Local Team
If you have gathered a local team, it’s essential to drop the meetings in the local coffee shops and at each other’s houses. You need to find offices to rent for your team: This is the best way to establish your business. Additionally, while this means a cost, it’s important to consider that you need to invest in your business to generate growth. A comfortable working space with all the necessary facilities from a desk to a landline number is part of your investment.
#3. Overworking Your Team
Another common mistake is to expect your team to want to work just as much as you do. You need to accept that while your staff might be motivated by your business ideas, their enthusiasm is not without limit. If you start noticing a change of attitude in your team, such as people becoming more negative or even cranky, it may be a sign that they are overworked. Check as well the number of hours that people work throughout the week. In average this shouldn’t go much above 40. If this isn’t the case, it’s time to reconsider their workload before they leave you.
#4. Becoming Like Your Old Boss
Do you remember your old boss who was focusing so much on punctuality that he wouldn’t let anybody have any social life at all? Don’t be like him. Don’t impose on your team the rules that you didn’t like as an employee yourself. People tend to work better and more productively with flexible working arrangements, trust relationship, independent management behaviour and the possibility to enjoy a healthy work/life balance. Respect their needs too!