As a business owner, you are responsible for juggling a whole host of different tasks. You aren’t going to forget the obvious issues like hiring the right staff or employing the best security features. Nonetheless, it’s easy to overlook other items. Sadly, those simple blunders could come back to haunt you.
Shutterstock Licensed Photo – By ldutko
Being aware of the pitfalls is the only way to truly steer clear of them. Here are five that you must avoid at all costs.
1) Not renewing your website address
Your business website is a key asset to your company. Losing the domain name would undo a lot of the SEO and other marketing efforts you’ve previously made. Sadly, there are many people looking to use domain parking and domain stealing practices. Be sure to set automatic renewals or set a reminder ahead of the pending expiration. This way, you’ll be able to stop people taking advantage of the situation. In turn, it’ll prevent a potential nightmare in which you’d have to pay thousands.
2) Not using non-disclosure agreements
You will naturally take the necessary precautions to stop outsiders stealing intellectual property. However, the biggest threats often come from ex-employees. They have had access to your client lists as well as your innovations and other key details. A non-disclosure agreement protects you from an array of threats. Alternatively, if they do overstep, you’ll be in a position to fight for financial justice and compensation. Forget it, and you’ll be open to abuse.
3) Not fitting vehicles with all requirements
Commercial vehicles are bound by different regulations to personal vehicles. For example, the law states that vehicles over 3.5 tones must have a digital tachograph. Moreover, you’ll need to ensure that all cars, trucks, and vans boast the necessary safety features. Your drivers are your responsibility too, which is why they must be taught to use the roads safely. If your business deals with driving on the continent, appreciating the new regulations post-Brexit will be key room.
4) Not preparing for staff absence
Building a quality team is something all businesses aim to do. But what happens if some people are ill? You cannot afford to let productivity stop. However, you cannot afford to take on additional permanent staff. Acquiring the support of a temp agency is probably the best solution. If nothing else, it’ll remove your fears when illnesses sweep across the business. Subsequently, then, you will be able to maintain your focus on the business itself. Frankly, that’s the last you deserve.
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5) Not showing patience
When your business feels ready for the next chapter, it’s tempting to jump straight into the ideas associated with growth and expansion. Before moving into a new commercial property, though, you should consider the alternatives. Outsourcing allows you to increase productivity without a bigger working environment. Meanwhile, pop up stores can test the waters on proposed project changes. Either way, biting off more than you can chew is never an answer as it could blow up in your face.
