The 10 Most Common Pitfalls in Running a Business

If you are searching for factors that separate successful businesses from the herd, sooner or later you will seek out a meeting with a business transformation specialist. Business transformation specialists make their career in exactly that: they arrive at companies which are performing sub-optimally, and guide those businesses to greater profit and achievement. For organizations which are experiencing difficulties, transformation specialists are ambulance, fire service, analyst, strategist, psychologist and motivator, all rolled into one.

When Ross Stuart arrives at an assignment, what does he usually find? “Almost all of the problems I find in one business I will have seen before on other assignments,” says Ross, “in fact the pitfalls management fall into are the same both within and across industry sectors.”

Here are the ten management pitfalls Ross encounters most often:

The Ten Most Common Pitfalls in Running a Business

1. Ineffectual, poorly trained senior management
2. Lack of leadership and robust governance: no clear direction and support from the top
3. Senior management in denial
4. Poor quality
5. Narrow customer base
6. Poor financial systems
7. Poor communication with the employees
8. Poor stock control
9. Little or no marketing expertise, a depleted and demotivated sales force
10. High overheads

Ross encounters these pitfalls so often that he has written an ebook detailing how he detects and deals with these issues, and what you can do to deal with them in your business. For a free copy of the ebook visit www.mitchellphoenix.com/resources.htm