Should You Listen To Every Piece Of Business Advice You Are Given?

There is some business advice that you should just let go in one ear and out of the other. Everyone will have something to say when you want to your own business, especially people who are the closest to you. Sometimes, the advice they are giving you may come from a good place. However, sometimes that advice may not be the best because they may not have the experience.

Here are some pieces of advice that you should not listen to. This can help you find success in the future.

Price Of Products/Services 

You may have heard people tell you that you should charge an extremely lower price than your competition. If you charge a low price for your products or services, how will you be able to make a profit? You have to think about the tax and the overhead. A good thing to do is create a strategy that is more thought out. You should not just assume that charging a couple of dollars less than the competition will be the trick to making money.

Work Long Hours And Never Stop Working

Has someone told you that the key to being successful is to work long hours? Well, that is not the key. You can gain respect and be successful without working so hard that you put your life and health at risk.

If you can hire someone else to do some of those tasks for you (especially if they can do it just as well as you can), that will give you the ability to enjoy your hard work and your family. You need additional time to create strategies, plans, and to think about the future of your business. You have to work smarter; you do not have to work those long hours to be successful.

Never Outsource

You may have heard that if you do everything yourself, you will save more money. However, there will be a time when you will realize you have too much work to do and that you need help. You will need that help, so you can be more productive and efficient. As mentioned above, you should think smarter to find success. You do not always have to do everything on your own.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your small business profitably, please check out our website www.portalcfo.com.  Follow us on Twitter @portalcfo

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