, , ,

Top Mistakes You Can Make as a New Business

3 Mistakes that can Ruin Your Business and What to do About Them. Working with businesses owners we see a lot of mistakes and successes. Especially for the new business or freelancer, the mistakes below can completely destroy your business before it has the chance to succeed.

Working with businesses owners we see a lot of mistakes and successes. Especially for the new business or freelancer, the mistakes below can completely destroy your business before it has the chance to succeed.

Mistake #1: Striving for Perfection

“Have no fear of perfection – you’ll never reach it.”

– Salvador Dali

As a type A perfectionist, I struggled with this. It also is the number one thing I see people starting a business struggle with, as well. Your business is your baby and you are pouring your heart and sole into making it a success, but being too wrapped up in the little things can keep your from actually going out and finding clients. If you find yourself:

  • Stressing over your logo
  • Tweaking every aspect of your website
  • Rereading your introduction email over and over to make it just right (but still not hitting send)
  • Working on perfecting your elevator speech before you attend your first networking group

then you may be focusing too much on being a perfectionist. Trust me, though thoughtful branding can help you land more clients, if you are receiving personal referrals, it isn’t going to stop you from getting paying clients. People choose who they are going to work with based on your personal connection not because of what your logo looks like. Then there is your website… Perfection for every site is a moving target. Your products and services will change. You will notice contacts respond more to one aspect of your business rather than another. As for the next two points, you are procrastinating! It is okay to want to define your messaging, but just getting out there and putting yourself out to prospects is far more important. Sure you want to make sure your messaging is just right when you reach out to that dream prospect or mentor, but these shouldn’t be your first contact. The best part about putting yourself out there before you think you are ready is that you get to understand what the market actually wants and needs! When I first started Boundless Marketing, I had my dream service offerings in mind. Turned out that nobody even understood what I was talking about! There wasn’t a market. I drastically shifted my messaging and began signing contracts almost immediately.

Mistake #2: Thinking you can get clients just by posting things online.

“The richest people in the world look for and build networks, everyone else looks for work. Marinate on that for a minute.”

– Robert T. Kiyosaki

The internet and social media has shifted many of our mindsets about how you can get clients. Even through online channels you need to create a personal relationship with your network. Just posting your blog posts online isn’t going to cut it. I recently signed up for a program to Gain 100 Followers in 3 Days, just to see how other professionals where growing and starting their email lists. Guess what, these influential bloggers and business owners all start int the same place – asking friends, colleagues, clients, and prospects individually if they wanted to join their email list! If you find yourself:

  • Wondering why your networks haven’t converted into paying clients
  • Haven’t asked your mom, sibling, aunt, and grandparent if they want to join your list
  • Are frustrated seeing all these other people succeed

Then you may just be making this mistake. Start going to networking groups and collecting business cards. Take the email address you collect and shoot out a quick note following the template below :

“Hi NAME, I recently met you at EVENT NAME and loved learning about your business. I am in the process of starting an email list focusing on 3 TOPICS YOU WILL BE WRITING ABOUT, and was wondering if you would be interested in receiving the emails. My goal with list is to LIST BENEFITS. Are you interested in learning more?”

Not everyone will say they are interested, but the ones who do will help you grow your contacts quickly! We work with a lot of businesses who see varying amount of success through their social media marketing. The ones who see a return quickly are the clients who are complementing our marketing management services with their own outreach and networking. To see the best results from your marketing, you need to treat social media as you do in person networking. Create personal relationships and treat handles and usernames as individual people not just another account.

Mistake #3: Not Understanding Your Own Values

“When your values are clear to you, making decisions becomes easier.”

– Roy E. Disney

Okay, so this one does tie into the branding of your business, but it really is getting out being your authentic self. Knowing your values helps you to better manage your time, set priorities, and work with clients you enjoy. If you find yourself:

  • Wishing there were more hours in the day
  • Being drained after meetings with prospects
  • Continually wishing you had done X, Y, or Z

Then you may be making this mistake. One of my first clients taught me this lesson the hard way. My values are Relationships (family), Creativity, Challenges, Health, Experiences, and Knowledge. Shortly after I began my business full time, I traveled to my brother’s wedding. I was ecstatic to see him tie the knot and spend time with my family. Unfortunately, a new client nearly ruined my weekend. As a people pleaser, I started bending over backwards for the client and found myself anxiously checking email during the rehearsal dinner. I wasn’t being present. Finally, I recognized I would resent my actions if I didn’t shut off all devices to be there for my family. Sure there was a nasty email from my client, but we worked through our differences once the owner understood my boundaries. If you find yourself stressed about client conversations, I urge you to lay out boundaries, guidelines, and a list of responsibilities. You may loose some clients, but they are the people who take up 80% of your time. Think of all the other things you could do to grow your business if you had 80% of your time back!

What mistakes have you made in your own business that kept you from success?

3 Mistakes that can Ruin Your Business and What to do About Them. Working with businesses owners we see a lot of mistakes and successes. Especially for the new business or freelancer, the mistakes below can completely destroy your business before it has the chance to succeed.

Shares 0