It’s inspiring to see entrepreneurs in our community succeed, and we know that finding success isn’t always easy. Making mistakes is part of being human, but even the smallest errors can be detrimental to your business. At Canlease, we want to see your business thrive, which is why we’ve created this top 5 list of business mistakes every entrepreneur should steer clear of:
1. Doing everything yourself
Having a business is like having a baby, you work tirelessly to help it grow. As the saying goes, it takes a village to raise a child, and the same can be said for a business! Sharing the workload can ensure you’re not stretched too thin and that other skilled professionals can shine with their expertise.
2. Cutting corners
Cutting corners may seem like a good idea to save time and money, but in the long run it can be bad for business. Cutting corners can not only diminish the quality of your product or service, it can also cause you to lose out on profit.
3. Making poor hiring decisions
Hiring the right talent for your business is never easy – and dealing with a bad hire can be even more of a challenge. When you’re hiring, make sure to look for someone with the right qualifications and someone who truly wants to be a member of your team (we love our Canlease family!)
4. Overpromising or underdelivering
While you want to strive for excellence at all times, don’t overstretch yourself in the pursuit of success. Understand your current work capacity before taking on new opportunities. Doing so will mean that you won’t disappoint your current and prospective customers.
5. Avoiding contracts
While contracts can seem overwhelming at times, not implementing them can be incredibly harmful for your business. No matter how solid your professional relationships may be, it can come to a screeching halt when proper terms and conditions aren’t put in place. Protect yourself and your business.
Canlease helps to solve one of the biggest business challenges….Cash Flow!See for yourself. Click here to get your lease payment quote started.
At Canlease, we want you to save your most valuable resource – time! That’s why we’ve designed our online equipment financing experience to be fast, convenient and easy.
Read MoreIs your equipment lease ending and you are interested in what options you can take? As equipment financing experts, our on-the-ball agents don’t just assist you in the initial stages of setting up your equipment lease. We are here for the entire journey of your lease, start to finish. Here is a helpful guide to your lease-end options.
Read MoreIf you’ve applied for a no-obligation lease payment quote online, you may be wondering what’s next. First, rest assured that you’re in good hands, because we make your business OUR business and want you to succeed.
Read MoreMaking mistakes is part of being human, but even the smallest errors can be detrimental to your business. Here are top 5 mistakes entrepreneurs should steer clear of.
Read MoreAt Canlease, we’re all about saving your business money. When it comes to construction equipment, here are three best practices that have helped Canlease clients and can help you save, too.
Read MoreIf you are a business owner who continues to coach a sales team remotely, here are 4 tips to help break down the virtual selling barrier in a B2B environment.
Read More