Mistake teaches us a lot of things and makes us an experienced person. But in general, we need to avoid mistakes particularly if you are in business because they can cost your dearly. A lot of business suffers from severe failure because of errors that would have been avoided easily, in other words, “silly mistakes”. Today we are going to see the top 10 classic business management mistakes that can be prevented.
Top 10 Business Management Mistakes
1. Lack of time to focus
Sometimes, in trying to be accessible, managers become too reactive. They work long hours responding to emergencies but never make time for strategic thinking. If you’d spend some time every day to plan for the week and month ahead, you will be able to take care of many tasks before they ever become urgent or problematic.
2. Lack of ice-breaking
Scoring some early victories will convince your team that you’re serious about enticing out their best work. You can even save good news for your first official sit-downs with people. The point is to start from a positive place or a kind of ice-breaking.
3. Lack of risk management processes
Key risks aren’t identified, owners and mitigating actions aren’t assigned and the project team doesn’t have a risk management culture will end up in the overall failure of the project.
4. Lack of quality
Not paying attention to the quality of the project’s deliverables is a huge mistake which can have harmful effects. Many project managers never get around to completing the quality plan, fail to incorporate user feedback early in the process and don’t use prototyping. Instead, they deal with the outcome and assign more people to deal with the failure.
5. Lack of defined Goals
When your people don’t have clear goals, they will mess up everything. They can’t be productive if they have no idea what they’re doing, or what their work means. They also can’t prioritize their workload effectively, meaning that projects and tasks get completed in the wrong sequence.
6. Lack of Delegation
Some managers don’t delegate because they feel that no-one apart from themselves can do the job properly. Eventually, it stresses them over a period and ends up in bad quality.
7. Lack of role clarity
Once you get promoted, your responsibilities are different from those you had before. However, it’s easy to forget that your job has changed and that you now have to use a different set of skills to be effective.
8. Lack of time spent with your team
When you’re at the top level, it’s easy to get engaged in your workload that you don’t make yourself available to your team. Without you being available when the team needs you, your people won’t know what to do, and they won’t have the support and guidance that they need to solve issues.
9. Lack of employee management
If you make your employee or worker happy, you can get the most out of them.
10. Not having the proper tools
Without the proper tools, some tasks can take hours out of your day when they shouldn’t take more than a few minutes. This is true at every level within a company and those tools could be actual physical tools and equipment of software that will facilitate your work or automatize it completely.