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3 business blindspots you may not know you have

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It’s no secret that being a business owner can be a challenge. Knowing how to spot and fix problems is likely to be one of your greatest strengths. However, there could be flaws in your approach that you haven’t even recognised. In this post, we look at three common business blindspots you might have and what you can do to see past them.


1. Need for total control

While you may have once been able to single-handedly get things done, as your company grows, it becomes increasingly difficult to keep a firm hold on every part of your organisation. Even though you might think you’re simply being a perfectionist, your need to have control over everything could be bad news for your business. You could lose focus on what really matters. Instead, it pays to take a step back. As Cobra Group chairman and founder Chris Niarchos points out on his blog, delegating tasks frees up more of your time on strategic planning.

2. Overconfidence

When it comes to nurturing your business to success, confidence is key. However, having too much of the stuff could have an adverse effect. Being too presumptuous could lead you to underestimate the complexity of a certain situation, and as a result, you could overcommit your resources. To avoid this pitfall, make sure you don’t go all in straight away. When an opportunity arises, suss out the situation and be suitably cautious before you take action.

3. Too much focus on profitability

As a business owner, it’s likely that making money is one of your primary objectives. However, there’s a fine line between making a sufficient profit and letting it become your sole focus, with the latter becoming a much bigger problem than you might realise. In certain circumstances, putting your profit first could be unfair on your employees, as they may end up feeling pressured to meet potentially unattainable targets. In addition, your relationships with your customers may start to dwindle if the focus becomes more about making money than providing them with the experience they deserve. While generating a profit is vital, it’s important that you don’t lose sight of the significance of treating employees and customers well too.

The truth is, there’s no perfect way to run a business, but as long as you make sure you don’t fall victim to these blindspots, you stand a good chance of achieving success now and in the future.

Have you had any experience in growing a business? What are your best tips? Let us know in the comments!

This is a collaborative post.

Comments to 3 business blindspots you may not know you have

  • These are great points Nadine, and I’m guilty of the first one. I watched so many businesses struggle to reach their bigger potential because the owner found it hard to delegate. It’s really tough when you’ve build something based on your own ability and reputation, to hand it over. I think a related one is not investing time in yourself. It’s very easy to burn out when your only focus is your work, and then things inevitably suffer.

    Helen Wills 1st November 2016 11:43 pm Reply
    • Absolutely agree – it is hard to find the time for self care but it is essential to avoid burnout. Thanks for commenting.

      Nadine Hill 2nd November 2016 12:04 pm Reply
  • I have just finished running my own business and it was a very positive challenge as to which i am ready to take the next step into the import industry. Absolutely agree with everything you have voiced, and my tip would be to keep an amazing relationship with customers

    Mary Louise 2nd November 2016 10:35 am Reply
  • Great article Nadine, such good common sense but you are right sometimes it is something as silly as us getting overconfident that can be our downfall. Mich x

    Michelle Twin Mum 2nd November 2016 11:28 am Reply
  • I think sometimes you have to go within a bit and ignore everything else around you to make a big leap, its easy to get very distracted!

    Penny A Residence 2nd November 2016 1:15 pm Reply
  • I definitely need too much control, not so much the other too!

    Emma 2nd November 2016 2:18 pm Reply
  • i am helping a friend with their social media and think this would really help them so am sharing

    Kara 8th November 2016 9:16 pm Reply
    • That’s great Kara – glad it can help.

      Nadine Hill 9th November 2016 9:09 am Reply
  • Really great post Nadine. I think this is very true of us as individuals as well as the companies we’re working with. Control is a really key one, especially working in an office environment. Kind of comes down to team too – whether they’re people you hired or inherited!

    Charly Dove 15th November 2016 1:07 pm Reply

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