Mistakes that are made by IT Business Owners

When launching a managed service many IT businesses make common mistakes that can easily be avoided by following a few helpful best practice tips such as developing a plan and sticking to it, In order to be successful with each project it is important for the business to take these best practice tips and challenges in to consideration.  Common pitfall, this is when a company doesn't have a plan, if you set aside the IT component of your project for a moment, most business owners make the mistakes of not having a plan.

What is the reason behind the failure of most small business? It has been my experience that lack of planning and why is it that most small businesses fail? It has been my experience that a lack planning and research into the demands of the market causes many businesses to be unsuccessful.

Plan everything out with the end in mind. It is always recommended to plan with the end in mind. Most people start abusiness or get involved as a business owner because they feel they can do a better job by working for themselves. However, say it is a common to find that most people don't know exactly what they're looking to create when they start a business. An example of not thinking about the end would be a business owner that is standing for 10 to 15 hours per day working in their business, having to be all things to all people in their organization. 

They typically work late into the night are up early in the morning and may even work weekends. Is this lifestyle honestly what they were trying to create when they first quit their previous job? I don’t think so. If you take hourly wages that the business owner is generating compared to the hourly rate they would be paid as an employee one might ask why this gut doesn't just go out and get a good job that will pay him well. In the IT industry most small IT business owners would probably make more money, have more free time, and have a lot less stress if they thought about the actually day-in and day-out requirements of working for themselves.

"But isn't owning a business everybody’s dream?" you might ask. I would have to agree that, aside from time off and irregular income, being your own boss is the American dream. However, with good planning you can create a lot of income by averaging the efforts of others. IT business services can help you generate a lot of income if you know how to do it well.