Five Mistakes That Could Tank Your Business

Posted: 4th August 2021 09:22

Everyone makes mistakes. It's part of being human. Nonetheless, some mistakes can be more dangerous than others. This is especially true when it comes to the world of business, which requires people to make sure that every detail is right, otherwise they could be in a lot of trouble. Whether you are an employee making sure they make a good impression or a business owner simply trying to do right by their employees, this guide has been created to make sure that you make the right decisions and don't end up tanking the business by accident. Read on now in order to learn all about it.

Having the Wrong SEO Strategy

Search engine optimization mistakes might sound like something that you can fix rather easily, but there can be significant repercussions if your online website ends up being punished for mistakes by the Google algorithm. It can take months and even years for your website to get back on track. That's why it is actually rather important to make sure that you have the right SEO strategy in place to prevent any major mistakes from occurring. For help in devising an SEO strategy, check out the services of

Accounting Errors

When you are dealing with a lot of money, it helps that everything is absolutely accounted for. This means that your accounting team needs to be absolutely on top of their game to make sure that you are handling your money and itemizing all invoices properly. This is due to the fact that when the IRS come knocking, they might severely penalize you for getting it wrong. These penalties can be rather harsh, meaning that it can actually end up causing your business significant harm.

Social Media Gaffs

As the recent Uber CEO spat has shown, it can be extremely embarrassing when the CEO of a company airs their dirty laundry in public. A lot of people seem to forget that the social media sphere is not a private room but an open forum where basically anyone can see what you are doing. As a CEO it's best just to stick to professional tweets, while also ensuring that your employees adhere to high standards when using social media accounts.

Not Taking Employees Complaints Seriously

When running a business, you want to make sure that you create an environment where everyone is safe and protected, regardless of gender, race or religion. This means that if someone does bring an act of discrimination to your desk, it is highly important that it is dealt with seriously. As the #metoo movement has shown, if it isn't and it goes to press, it will portray your business in an extremely unfavorable light. 

Trying to Launch Without Enough Funding

This point, more skewed to those launching a start-up, is very important when it comes to actually starting the business in the first place. You want to make sure that you have enough money when beginning before trying to operate all the different parts of a business. This is because you may find yourself quickly running out of money before you even get started, resulting in a bad look for you and your employees.