What Fatal Mistakes Fresh Startup Owners Should Avoid

Authoritarian management

When a fresh business owner wants to drum up interest for their new business, the key feature to achieve that goal is to present that business in an attractive way. Since we live in an age dominated by technology, this mission is mostly connected with the Internet. Due to its versatility, startup owners can easily lose the thread and scatter their focus on too many different features. So, they need to know what business mistakes to avoid before they set their foot on the path of marketing promotion.

Authoritarian management

Ambitious young entrepreneurs have to keep their ambitions under strict control. When you are overwhelmed by a strong desire to establish a successful and renowned enterprise, your striving can turn into an irrational passion. The end result in such cases is becoming an authoritarian business owner who cannot develop a productive relationship with their employees. To curb such an outcome, you should form an advisory team within your own business. It should consist of the owner and the team leaders. That way the owner will be able to contribute to their work and they will be able to assist the owner in making right business decisions.

Making a cheap website

It is clear that new startups usually struggle during the first months to survive in the market and start making money from their work. To be able to keep their head above water during that initial period, startup owners have to hold on to some strict budget rules. However, as your business keeps evolving, you need to set a list of priorities for future investments. What needs to be high on that list is a craftily designed, responsive and practical website. No matter if you run an online business or your website is only a part of a larger business plan, the website will tell your partners and clients a lot about your business attitude. It is the showcase of your business and it has to be as modern and functional as possible.

READ : Reasons why startups fail

Addressing wide target audience

target audience

Driven by their initial success and the aforementioned passion to make their career dreams come true, fresh entrepreneurs often apply a too wide marketing strategy. Although they usually know how dangerous such an approach to marketing can be, they still think they will manage to pull it off. However, the rule of thumb for every rookie startup founder is that they should always narrow down their marketing focus. When this limited tactic yields positive results, they can spread their marketing wings and cover a wider target range. Therefore, it is always useful to have a creative agency at your disposal during the first stage of your business development, as a marketing supervisor.

Neglecting your old clients

While you are trying to score as many marketing leads as possible, it is vital to keep nurturing the already generated leads, too. Taking for granted your loyal clients on account of winning the attention of new customers could easily lead to business demise. When your long-time client is satisfied with your service, they will popularize your business by word of mouth. In the digital context, it means giving you positive feedback on forums and in social media. Having such free marketing appraisal cannot be expressed in figures. Therefore, treat your old clients with greatest care.

READ : Business startup checklist

There are so many mistakes that a fresh business owner can do. These are only the hardcore ones that should be done under no circumstances. If you follow our tips, your startup will keep developing in a rational and natural way, without any unreasonable moves.

Kamlesh Mourya

Author: Kamlesh Mourya

Kamlesh Mourya is the director of 7eyetechnologies; an India based IT Company that provides services web development, designing and online marketing. Kamlesh occasionally blogs about social media.

Leave a Reply

Your email address will not be published. Required fields are marked *