Business

A recent article, 8 Bad Business Habits to Break for 2018 by Mike Michalowicz says that the new year is the best time to start afresh.  As entrepreneurs, we are excited for new ways to improve our companies.  Nevertheless, it’s not always about what new things you should be doing, but what you need to stop doing.

Here are five business habits to break for 2018.

  1. Competing on price.

As a small business owner in a small office space, you will not be able to compete on price with the big companies.  What you need to do is to be distinct and to focus in a niche, which allows you to charge more for your product or services.

  1. Trying to attract everyone. 

Instead of trying to attract everyone, try a more focused approach.  Offer a high-quality product or services that will make your lucrative clients happier.

  1. Being workaholic.

You feel you need to pour all your time and energy into nurturing your business in a commercial office space. But remember, working 24/7 will lead to stress and burnout.  Take some time with your family and loved ones to relax, recharge and rejuvenate.  

  1. Being too friendly with your staff. 

Building relationships with your staff fosters loyalty and trust, but when they feel too familiar or comfortable with you, you may compromise the quality of their performance. Remember, you’re the owner and in charge of your business, so you need to keep a professional distance between you and your staff.

  1. Taking Marketing for granted.  

Branding and marketing is essential to your business success, so take it seriously and hire a professional/expert to help you ensure you’re connecting with your ideal customers.

Conclusion

The things discussed above will help your business start afresh and stay afloat in 2018.  If you’re looking for a new office for your business expansion in Denver, YourOffice Denver is a leader in providing the most prestigious executive office space Denver and shared office space Denver for any size business. Convenient, hassle free, and move in ready- our offices, meeting rooms, and conference rooms are designed to meet your business’ every need.

What other things do you need to stop doing for your business growth? Feel free to share your comments.  You can also visit us on Twitter and Google Plus.

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