Biggest Entrepreneur Mistake #4
Neglecting Key Relationships
(An extract from DON’T DO IT THE HARD WAY – Avoid the Seven Biggest Mistakes that Entrepreneurs Make.)
The key relationship for any business is the one between management and staff. Effective two-way communication in that relationship is essential to providing strategic leadership, receiving constructive feedback, and ensuring that management and staff are working effectively as a team toward common goals.
Sometimes we’re distracted from our most important relationships by the most annoying and challenging ones – especially if they’re employees or customers. However, the most productive employees and the biggest customers are not often the squeakiest. Just the most important.
Do you need to squeak more yourself to improve key relationships? Do your suppliers appreciate you enough?
And what about your banker. Is your bank a welcome and willing partner in your business?
Building and protecting these key relationships are essential steps to keeping your business on track and meeting your strategic objectives.
Don’t make the Biggest Entrepreneur Mistake #4 – Neglecting Key Relationships
Be better. Do Better. Be an Enlightened Entrepreneur.
Del Chatterson, your Uncle Ralph
Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.
Read more Blog posts at: LearningEntrepreneurship Blogs.