As a young business owner, it is important to be realistic about what can be achieved, what goals you set, and what your financial situation looks like.
As I continually read and learn more about running a successful business, I realize there is so much to know and to be aware of. I have learned so much from other young entrepreneurs like Cameron Johnson (from his book “You Call The Shots”)
Another website I visit is “Seeds of Growth“. That is where I found the list below that is very interesting. It almost serves as a “Make Sure None of This Happens” list for a young business owner. Pieces of information like this are good to store away and visit regularly to ensure that you are still doing everything right.
Here are 13 signs to look out for if you run a business and if they are happening in your company, then your company is probably failing.
- There is low employee morale
- Internal politics are more important than doing the job well
- Employees speak of customers as nuisances
- Employees stop telling positive stories about the company
- Leaders stifle initiative
- Leaders talk about growth but focus on cost-cutting
- Bureaucratic procedures impede flexibility
- There is a tendency toward superficiality
- Problem-makers outnumber problem-solvers
- Internal documents leak
- There are few rewards and recognition
- Management spends more time inside than outside headquarters
- Employees spend too much time writing internal memos
- High staff turnover
Ok, I threw in one at the end to make it 14!