Sometimes it is the smallest mistakes that cause the most significant issues for business owners around the world. One slight error of judgement could ruin your ambitions of building a multi-million-pound company and send you back to the drawing board. So, make sure you watch out for some of the problems listed on this page because you need to avoid them at all costs!
Data entry mistakes
It might sound ridiculous, but as the infographic at the bottom of this page shows, even the smallest data entry mistakes can cost entrepreneurs millions of pounds. Take a look at some of the examples of Excel errors if you don’t believe that.
Customer service mistakes
Imagine how much damage you could cause to your business if one of your customer service representatives forgot to put the phone down before speaking ill of someone on the other end of the line. Now imagine the effects of that if the customer concerned recorded the call! Believe it or not, that has happened many times!
Your marketing team is often responsible for representing your brand in public. So, it is essential that you monitor their activities. There was a case in the news recently involving a company that went bust after the advertising staff decided to pay for some adult website banner ads. It didn’t go down well.
You now know about some of the simple mistakes that could cost your business dearly. Make sure you avoid them if you want any chance of success during the next few years!
Infographic: over at STL
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