Employee development and growth is an important part of the small business equation because it helps to ensure that a company will be successful in the future.Īn investment into employee development and growth can include training, mentoring, coaching, or even incentives for performance. Many small business owners are so busy running their small businesses that they don't invest in the growth of their employees. Six Mistakes Small Businesses Make that Stifle Growth They do not invest in employee growth If your business is focused on getting better by the day and growing into the future, then avoiding these pitfalls is of paramount importance.
While not every small business is in a cash or resource position to constantly invest in growth, it is critical to understand the value of different available services for when the time comes. In this blog post, we will be discussing six mistakes that small businesses make that slow down growth. Ensuring long-term success is not just about making the right decisions at the right times, it is also about avoiding peril whenever possible. As the adage goes, "you're either growing or you're shrinking." There is very little room for error as the owner or operator of a small business. But small business owners often make mistakes that slow down their growth or even cause it to stagnate completely, which is a problem for everyone. They provide innovation and creativity in ways that big corporations can't. They create jobs, connect urban communities, and keep small Canadian towns alive. Small businesses are the backbone of our economy.
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