Owning your own business isn’t easy. It takes time, effort, and a great deal of personal investment. But sometimes you can make it even harder on yourself than it needs to be. Here are a few habits to break if you and your business are to stay healthy:
Trying to do too much.
Life is full of opportunities, but trying to take advantage of all of them merely divides your effort and blunts the results. Pick the one or two things you can do best and focus on them.
Working too hard.
The old saying goes, “Work smarter, not harder.” Take advantage of new technologies to simplify tasks. Delegate responsibilities to those around you, and be sure to give them the credit for a job well done.
Ignoring the competition.
It’s easy to pretend you’re the only business going after a certain market, but it’s rarely true. Don’t obsess about the competition, but be aware of them, even if you’re at the top of the heap. Every successful startup began at the bottom.
Entrepreneur and venture investor Adam Callinan offers tips for 10 things entrepreneurs need to stop doing, many of which apply to small business owners, in this article: http://www.entrepreneur.com/article/243324