6 mistakes companies are making and how to avoid them
by James Agate
The following is extracted from a whitepaper produced by SAP titled “Six mistakes companies are making today and how you can avoid them“. It is a great resource which offers a real insight into the ways technology and big business practices can be applied to even the smallest of enterprises. The full download is available FREE by clicking here.
6 mistakes companies are making and how to avoid them
- Taking existing customers for granted – you don’t need to be told that it is 12 times cheaper to keep an existing client than to find a new one. Find out how to solve this issue
- Failing to make the most of opportunities – particularly capitalising on recession/downturn opportunities. Find out how to solve this issue
- Allowing inefficient working practices to go unchecked – even small businesses are guilty of persisting with inefficient processes to continue through lack of attention, effort or expertise. Find out how to solve this issue
- Letting problems that occur go without getting to the route of the issue – find out the best way to solve this issue
- Not clearly defining what your company is about – if you don’t have a clear ethos then anyone who works within/works for/comes into contact with your business will not be entirely clear what your business is about and how to act. Find out how to solve this issue
- Over-complicating things – many entrepreneurs, sometimes inadvertently, create a complex business around themselves. Stop and simplify. Find out the easy way to do this
