Local Voices

What's the Biggest Mistake You've Made at Work?

We round up some small business advice about the mistakes many owners make, and should try to avoid.

A business can grow from a great idea, but it takes a lot more than that to be successful. 

Along the way to starting a business there's bound to be things you didn't think about and problems that arise unexpectedly. Fortunately, there are a lot of business experts online. 

We rounded up some advice about common mistakes that small business owners make. Check out a sample of each column here, and click on the links below to read more. 

We also want to hear from local business owners. Tell us: What are some mistakes you made along the way, and what did you learn from them? 

Not delegating:  "It’s easy to get spread too thin," says Melinda Emerson of Succeed as Your Own Boss. She says that bringing on employees as soon as possible to help with the work will help, and allow you to focus on what you do best. Read more tips here

Underestimating market perception: 
Small business owners have told me before that it was best to play to how the public saw your business. One business owner even changed the name of his business to take on the nickname customers affectionately gave his store. Michael Garippa, a CEO of an artificial heart company, said to Forbes that his biggest mistake was underestimating "how hard it would be to dispel all the myths" about the product. Read more tips here

Going in without enough capital: 
This one might seem obvious, but as CNBC points out, there are going to be challenges "you won't anticipate no matter how prepared you are." Having more than enough means having enough. Read more tips here

Under-appreciating your customers:
 Rohit Arora writes on Fox Business that "usually where there is smoke, there is fire." Take complaints seriously, engage people in a dialogue and look to improve on flaws that customers perceive. Read more tips here

Thinking about taxes too late: Maybe the most devastating mistake a new business can make is failing to account for taxes early on. Besides often not having a tax plan, Capture Planning says that many business owners "neglect to seek knowledge and advice BEFORE they engage in any activity that has a taxable effect." Read more tips here

This article is sponsored by Wells Fargo Works. Watch the video series, then enter the contest where you could win a similar experience, including $25,000 for your business. Watch the videos and enter the contest here.

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