If it's your first time running a business, there will be plenty of pitfalls you need to avoid. Then again, some business owners make these mistakes even if they've been their own boss for years.
Selling custom designed sheds as a Shed Boss franchisee gives you plenty of opportunity to succeed, but it still pays to keep common missteps in mind in an attempt to avoid them.
Fend off tunnel vision
With so many spinning plates to keep track of, business owners can be forgiven for letting some things slip through the cracks. However, there's no excuse for devoting so much time to one aspect of your business that another part suffers.
For instance, say sales are booming at your Shed Boss franchise. This may make you think that you can slack off on things like marketing. However, it may not always be so busy in your establishment, and if you find that you haven't developed any kind of advertising strategy to bring in new business, your feast could turn to famine in the blink of an eye.
Every business is a collection of different moving parts. Always try to stay focused on the big picture, giving proper care and attention to all the different aspects of a successful enterprise.
Become the boss
For many business owners who used to be employees, it can be tempting to become more of a friend to your own workers than act like a boss. After all, you likely know what it was like to work under someone and feel hesitant about being viewed in the same way.
Unfortunately, just as children need a parent instead of a friend, employees need a boss instead of a colleague.
The success of your business depends on everyone doing their jobs, and sometimes that means chasing after people and ensuring they stay in line. Discipline may be necessary, and if you want to succeed, you need to come to terms with the responsibilities being a business owner comes with.