Small Business Knowledge Network w/ Jim Vogel: Mismanagement: The Number One Problem for Small Businesses
- Small Business Knowledge Network
Every small business owner dreams of growth, but too often, the biggest obstacle isn’t the
competition or the economy; it’s mismanagement. Poor planning, weak financial oversight, and
lack of delegation can quietly sink a business long before the market does.
Mismanagement shows up in many forms. The mistakes crush you: failing to track cash flow,
neglecting marketing consistency, or failing to set clear performance goals. It’s easy to get
caught working in the business instead of on it. Owners spend all their energy fighting daily
challenges but often lose sight of strategy, systems, and sustainability.
The good thing is that there is a fix. Start with accountability and structure. Schedule time each
week to review financials, revisit goals, and assess what’s working. Document your processes,
even the small ones. If something isn’t measurable, it’s not manageable. Most importantly,
surround yourself with advisors, whether it’s a mentor, a network, or a local business group.
Communicating with others outside your business can help you identify blind spots before they
become crises.
Great businesses aren’t built by accident; they’re guided by consistent, disciplined
management. When you run your business with intention, success becomes much more than a
possibility; it becomes a pattern.
**
This blog, about small businesses, is from Jim Vogel, Small Business Ambassador, Cornelius,
NC.
Chair, Lake Norman Small Business Network
https://www.facebook.com/SmallBizKnowledgeNetwork
https://substack.com/@therespectedvoiceofsmallbusiness
https://www.smallbusinessknowledgenetwork.com
smallbusinessknowledgenetwork@gmail.com
919 244 6989
704 800 6152
This blog, about small businesses, is from Jim Vogel, Small Business Ambassador, Cornelius, NC.
Chair, Lake Norman Small Business Network
https://www.facebook.com/SmallBizKnowledgeNetwork
https://substack.com/@therespectedvoiceofsmallbusiness
smallbusinessknowledgenetwork@gmail.com
919 244 6989
704 800 6152
The Small Business Knowledge Network is a division of I.M.U. Social Media LLC
The information in this blog article is for informational purposes and is not presented for any other reason.
The Small Business Knowledge Network is a content-driven information center that connects small business owners and experts to insights, resources, lessons, and ideas that accelerate business growth and foster innovation.
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