In life, nothing is without sin. Well, figuratively speaking at least. This also applies to businesses – no matter how small they can be. Business sins are the wrongs you do during the course of your trade – and you bet there would be consequences. To give you an idea, here are the characteristics of a sinful business owner.
The insatiable appetite business owners have for profit.
This sin is usually committed once a business starts to show fruition. The business starts to cut corners so the owner has more to “take home”. This causes the brand to lose more and more of its value. The business owner in this case might not be afraid to replace the material with sub-par quality or hire under-experienced workers to reduce their operational cost.
Mr-know-it-all who’s never wrong.
“If you want something done right, you have to do it yourself” does not show how competent the business owner is. It will most likely show their insecurity instead. These are the sins committed by those who will always find someone else to blame – employee, team members, clients, and in peculiar cases, even the cleaners.
The ones who need to always have more than others.
This aspect plays a lot more in the private life of a business owner. They blur the line between their personal and business account, abusing both to access the bragging rights of their exaggerated “accomplishments”. They flaunt their fancy cars, clothes, and wristwatches just because they can.
“Why did I hire them if they’re not going to do it for me?”
It’s good to have faith in your team. But mostly riding on the effort of the team won’t make a business successful. This represents the type of business where the owner has little contribution to the work and process, and do not inspire or lead by example.
The authority enforcer.
Communication is an important aspect for a team. While some has a healthy channel separated by an unspoken boundary; some business owners would only communicate with the staff through e-mail conversations or their personal assistant. This creates a big distance between the employer and the employee – leading to constant miscommunication, which might ultimately kill the business.
The big biter.
These business owners will never turn down a job. Regardless if the job lacks in terms of payment or time. Exhausting all available staff members to complete an over promise to the underpaying clientele. Businesses with this particular sin would usually have a high turnover rate in its tiny workforce.
How to do good
We can’t all be saints at the same time, and all of us will do what we can for our business. As we strive to make things better, we have to also know that focusing on making things better means we need to be less stressed and have more time for the business aspects that matter.
That’s where Financio comes in. It makes accounting for small businesses automatic and easy. It saves time, cost and might also save you from being a business sinner.
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