14 Most Crucial Mistakes Entrepreneurs Make Read more... sheilaviesca Most business owners get so overwhelmed by the details of their day to day that they lose the ability to ask why they began their business in the first place. Mistake #1 Hiring smooth-talking individuals with no business background or management sense, then making them CFO’s and COO’s who are empowered to dictate the business direction with their stupendous rhetoric and idiosyncrasies. Mistake #2 Using investors’ money as bonus package for the officers who either found or ‘convinced” the investors to put their stake in the business. Mistake #3 Thinking that treating the office as a home environment, hiring relatives and even children of employees, and allowing occasional insubordination promote closer and more productive relations.
Posted on: Mon, 15 Dec 2014 08:42:31 +0000
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