6 Costly Mistakes Most Business Owners Make

6 Apr

Going into business can be exciting and stressful at the same time. Every business owner wants to succeed and see their profits grow year after year. However, it can be a challenge no matter what industry you’re in. You can help yourself, though, by avoiding common mistakes that many business owners make.

In this article, we’ve gathered together 6 of the most costly mistakes that you may be making and are not even aware of.

6 Costly Business Mistakes You Could Be Making

No one likes to lose money for no good reason. Yet some business owners don’t even realize that the following factors could end up hindering their success in the long run. Being aware of these can help you become a more savvy business owner.

1. Failing to delegate

Many business owners make this mistake. They fail to delegate tasks and instead try to accomplish everything important on their own. However, this often leads to feeling burnt out and overworked. Instead, allow some of your employees to take on more responsibility.

Train your most productive and trustworthy staff members on how you would like the tasks completed. As long as they produce quality results efficiently, giving them extra authority to manage tasks can have some good spinoffs for your business, the most beneficial of which is giving you more time to work on more complex or pressing matters.

Those employees you delegate to will take more ownership and pride in their work now that their contributions are having a bigger impact on your company. This helps build loyalty and engagement, two traits that are vital for retaining effective employees.

2. Relying on residentail plumbers to service your business

There can be some complicated problems in commercial plumbing that require a skilled hand. You don’t want to just call any plumber to tackle them. When you face a plumbing problem, look for a professional who has commercial plumbing experience and know-how.

For example, if your restaurant dishwasher is not working correctly, search out a plumber who knows how to fix it rather than calling a generally skilled plumber who may not understand the intricacies of your dishwasher.

Unless you make an effort to contact the correct plumber, you may be wasting your time and money. Plumbers who don’t know how to fix commercial plumbing issues may not do the job properly, which means they could actually make things worse.

This will leave you paying for the work they do and the work of a professional commercial plumber to mop up the mess. Do the right thing and contact a commercial plumber to handle your business’s plumbing problems.

3. Selecting the cheapest plumber

Opting to hire the plumber with the lowest price is like anything else you buy cheaply—you could be sacrificing quality. Your customers and employees deserve to be comfortable and taken care of, and this includes having a fully functioning plumbing system.

Even if the problem seems simple, such as a leaky faucet or an odour in the bathroom, it may be a sign of a much larger issue.

Commercial plumbers understand what underlying issues can cause these symptoms. They also know how to get to the bottom of it and repair it so you won’t have to deal with the problem again. If you hire a low-cost plumber, they may do a low-quality job.

When the work is below par, you’ll likely have to address the problem again sooner rather than later. Don’t waste your money in this way. Instead, call a professional commercial plumbing company that knows how to get the job done correctly the first time.

4. Ignoring recommendations for plumbers

When another business owner tells you about the great service they received from a particular commercial plumber, you should take note. Many business owners ignore these recommendations or forget about them when the time comes.

However, keep in mind that one of the best compliments a business can have is when customers tell others about them. It tells you a lot about their customer service and the quality of their work.

When past customers rave about their experience, you know that is a commercial plumber worth calling when you have troubles with your system.

5. Maintaining your office or workspace by yourself

It might seem easy to clean, and make any needed repairs to the office or workspace on your own. You might think that you are saving money that you would rather pour back into your businesses, but taking care of these issues on your own can lead to expensive damages in the future, or even liability.

Plumbing issues are a perfect example. There will be many times when you find a problem with the plumbing, unaware of the bigger, underlying issue causing it. So, by taking on the job yourself, you’ll often end up simply fixing a symptom of the real issue, only to have it reappear again, or worse, causes significant damage to your building and equipment.

As a business owner, you don’t have the time and money to spend on DIY remedies that may not even fix your plumbing problem. Rather, leave it to a professional commercial plumber. This will lead you to a lasting solution, and it will allow you to focus on the most important things, like making your business grow.

6. Neglecting maintenance

When everything is running well with your office, it’s easy to forget about regular maintenance and cleaning. You may even consider it a cost-saving measure for your business to forgo office maintenance costs from plumbers, electricians, and janitorial staff. However, that is not the best choice. Regular maintenance ensures that your office or workspace is running efficiently.

If you neglect to have your plumbing system maintained by a commercial plumber, you may be setting yourself up for a costly scenario in the future. You can’t look into your pipes, so it’s not always clear if there is something going on behind the walls.

For example, a slow leak in your pipes can lead to water damage and even mould growth. Both of these issues will cost you a lot more than if you had kept a regular inspection schedule.

For more information about commercial plumbing services, call Brothers Plumbing at 1-800-742-8471 or contact us here.

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