Blunders you should avoid for a healthier business

Blunders you should avoid for a healthier business

Jun 06, 2018 Business, Consulting, Development, Entrepreneur

Many business ideas start with great enthusiasm, but do not quite live upto the expected results. While there is thorough planning required to make sure you are on the top of your game. You also need to constantly make sure, you are not making too many blunders or rather say, making any blunders at all. Marketing mistakes are quite tough to be undone. Here is an article to help you ensure you are following the right track.

  • Not giving importance to a website
  • Starting alone or with too many cooks
  • Not finding the right balance between product development and sales
  • Not using the right marketing strategy
  • Targeting the wrong audience
  • Fear

Not giving importance to a website: A website plays a crucial role for any business. Thinking why? It is the virtual home of your product. Whenever an individual gets to know something about a product, the first thing done is checking for it online. In such a scenario, if the user does not reach your page, they would never get exact details about the product. Invest in making a website. Make sure it is presentable and can be comprehended by one and all. Keep it visually appealing and also put up interesting content. Let your site be of maximum use to your customer.

Starting alone or with too many cooks: You may have a brilliant idea but you certainly require a team to take your business ahead. This instance also has two scenarios, the first is when you start alone, you then require the right team to help you through. On the other hand, if you are too many co-founders, too many cooks can spoil the broth. So hire and befriend the adequate number of people you require to help you through your journey.

Not finding the right balance between product development and sales: As a businessman you have two important tasks to do. First is develop a healthy product that acts a solution to great issues and second is to make sure these products reach the masses. This is why, the right balance between the two, needs to be maintained. Begin with developing your product. After a point when you feel your product is smart enough to be marketed, go out there and strategically tell the masses, what you have in store.

Not using the right marketing strategy: A product needs to be heard and comprehended always. If there is a solution to the problems faced by the customers, it needs to reach them. Also they must hear it from the right source and at the right time. So look for an ideal marketing strategy that will work for you. This strategy must be in compliance with the tone and approach of your brand.

Targeting the wrong audience: As a business the foremost thing is targeting the right set of audience. The problem that you offer a solution to may be general, but who actually faces this problem? Keep your target audience neat and precise, understand them and tell them how your product can help.

Fear: As an entrepreneur, you always need to be ready for what is coming your way. If the fear of failure holds you back from making decisions you need to let go of it. Some strategies may fail, some may work, be prepared for every situation. And do not let fear rule over you!

Some blunders may cost you a lot, but as the saying goes, “Precaution is better than cure”. So with the research, make a plan and take the necessary precautions, to avoid marketing blunders.

Pramod Mehta In a career spanning for over 2 decades, I have mastered several skills. Being resilient, managing tasks, multi-tasking and consulting are my forte. Years of being a Chartered Accountant has endowed me the skill sets of being an entrepreneur. Applying my learning, with utmost diligence to every task I adopt is natural to me. I am also the founder of iShoutnow Technologies Pvt. Ltd, (www.ishoutnow.com) which is an application that lets customers discover real-time deals, discounts and offers available around them. It also lets merchants shout out their offers to customers! It is an open platform for relevant, timely and geographically local information. The application is simple, user-friendly and also offers a Do-It-Yourself method for creating adverts. With the zeal to make a difference, I believe a brilliant idea and the power of internet can enrich human life.