A slideshow detailing some of the common mistakes a small business can make. www.coastbusiness.co.uk

1. 4 Mistakes
Small
Businesses
Make
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2. 1) Taking on too much
• In a small business it is quite
common for everybody to chip
in with tasks that don’t fall into
their job description. Even
though this is the case you
should make sure you don’t take
on too much.
• You shouldn’t be afraid to
outsource tasks that require
technical expertise until the
time when you can hire
someone for this role.

3. 2) Starting with little funding
• Running a small business will
bring challenges that you will
have no warning of so it is wise
to start with some money held
back in case of a sudden
unexpected cost.
• It could help to have some
investors for your business as
then you will not be losing all of
your own personal savings.

4. 3) Ignoring the most profitable aspect
• A common mistake people
starting their own small
business up make is that they
tend to ignore the most
profitable part of the business if
they feel their business is
running into trouble.
• Businesses that do well tend to
stick with what they do best.

5. 4) Thinking a product will sell itself
• Your business may sell the
greatest product in the world
but it can’t be sold if nobody
knows it exists.
• You should try to promote your
business in any way you can
whether this is advertising or
word of mouth.

6. For More Information
• If you’re looking to advertise your business please visit our
site at the following link: http://coastbusiness.co.uk/