9 mistakes to avoid when starting a business

9 mistakes to avoid when starting a business

Starting a business can be one of the most exciting moments in one’s life. However, it can involve a lot of variables, which is enough to make one anxious about the venture. But getting worked up about these things and stressing about them leads to mistakes, which can, in turn, delay the opening and long-term success of a business. Therefore, here are nine mistakes one should avoid when starting a business. Failing to make a business plan One of the first errors people make is opening a business without a plan. This could be problematic because a plan outlines every aspect of the venture. While it does not need to be long or detailed, creating a basic outline of the objectives to be achieved may help keep one’s efforts efficient and consistent. Creating a business plan also helps as a reference point for any members of the team and can also help measure the business’s progress. Not setting a target base Most businesses specialize in either selling products or services. Therefore, entrepreneurs who don’t have a specific market to appeal to may incur losses where the advertisement is concerned. The individual should ensure they properly understand who the product is for. This will help define the market and target audience. One should also get regular feedback from current customers to understand if a product or service works well or requires modifications. Poor financial preparation Poor financial preparation and planning is another common mistake that may affect any business, including startups. People usually do not determine how much they would require to get the business up and running. This could result in a lack of sufficient capital if the business needs additional money to function. One should prepare a financial projection for their new business, ensuring it maps out funds for the first 12 months.
Read More
7 benefits of the Jerky of the Month Club subscription

7 benefits of the Jerky of the Month Club subscription

Jerky has been one of the most popular snacking options. Regardless of whether one is a gym enthusiast, many individuals prefer this protein-rich snack over other unhealthy snacking options. However, finding good quality jerky from a trusted brand is often a hassle. This is why popular jerky brands have introduced a monthly subscription model called the “Jerky of the Month Club.” The following are a few reasons why jerky lovers should get this subscription. Saves time and effort Jerky enthusiasts everywhere would agree that it is difficult to find good-quality jerky. And when one does manage to find a good brand that produces decent jerky, there are chances of their stocks running out when one needs them the most. This again begins the whole saga of putting in more time and effort to find another decent brand with good quality jerky. This is where getting a jerky of the month club subscription could be extremely beneficial. With this subscription, an individual will receive a box (or a few packs) of their favorite jerky at their doorstep. With a subscription, they no longer need to spend hours outside or online looking for good quality jerky. New flavors every month Another benefit that meat lovers can enjoy with this subscription is that they can get to try new flavors of jerky from their preferred brand every month. They would no longer be stuck with one flavor that is available on the shelves. Such easy access to new flavors of one’s favorite snack can truly elevate one’s snacking experience – and that too every month. Some brands even offer an exclusive flavor of the month to their club members. Besides, a lot of brands also offer limited-edition flavors to their subscribers. A healthier snacking option Beef jerky is a healthy and nutritious snack that is widely available in the market.
Read More
10 mistakes to avoid when paying off debt

10 mistakes to avoid when paying off debt

People often borrow money to meet certain expenses they cannot afford with their current income and savings, such as buying a home or vehicle or paying fees for education. However, repaying borrowed money can become a hassle if one does not plan it beforehand. There are several strategies that can help one repay debt quickly without facing a financial crunch. Moreover, here are some common mistakes to avoid while paying off debt. Paying off multiple loans at once every month Home loans, auto loans, education loans, and personal loans are some common debts one may have to pay off. But trying to repay all of them every month may not work out well because one may have very little money left to meet their current expenses. Among all these debts, some may have to be paid at once or more quickly than others. Monthly payments work for debts that have to be paid off in installments, but for others, it is advisable to repay money in larger installments, based on the amount in one’s bank account. Not having emergency funds On a rainy day, emergency funds come in handy even if one is covered by insurance. So, even when one has to pay off debt, keeping some money aside as a contingency fund is a good practice. Generally, 5% of one’s monthly income should be saved as emergency funds. Not having a repayment plan Without a proper plan, one may find it difficult to manage current expenses while repaying debt on time. Also, it can cause a lot of confusion and chaos for the borrower. There are many different strategies to help one repay debts without any hassles. One of them is the snowball method, wherein the borrower starts by paying off the smallest debt first and then moves to the larger ones.
Read More
6 mistakes to avoid when renting out a vacation home

6 mistakes to avoid when renting out a vacation home

Many people aspire to own more than one house due to the ever-increasing value of real estate. Those who already have multiple homes usually convert one of them into a vacation home. They use it for themselves or rent it out to someone who needs a place to stay while holidaying. Renting one’s vacation home is a great way to generate a steady income. However, people should avoid a few mistakes during the process. Presenting misleading expectations Homeowners must be honest about the existing condition of their homes while listing them online. They should not mislead people who are looking for a place on rent. Sure, one can word their rental listing smartly to attract potential tenants, but they should also be honest about the condition of their home. Often, homeowners get bad reviews and botched credibility when they list their home as a luxury property, but the actual place is anything but that. Essentially, the point is that people should not make their home feel like a 5-star hotel to get tenants quickly. Individuals must post real photos of the place on their rental listings to help potential tenants decide. Forgetting about maintenance Just owning a home is not enough to generate income through rent. People must also spend time, money, and effort regularly maintaining their property. Suppose a tenant who occupies the place finds that the refrigerator or thermostat does not work. In that case, they will post bad reviews about the vacation home online. If someone is unsure how to maintain their appliances, they can buy an appliance protection plan. This plan covers the cost of repairing and maintaining home appliances. Ideally, people must maintain their vacation homes just as their main residence. The amount one spends looking after their property will likely be less than the rent they will receive.
Read More
10 daycare problems one must not ignore

10 daycare problems one must not ignore

Many parents drop their children at daycare when they leave for work. Therefore, eventually, a daycare becomes an integral part of children’s routines and a place for interaction outside their homes. Many daycare providers in today’s time go the extra mile to make the daycare center a positive space that fosters children’s growth and overall development. However, parents must also be cautious about certain daycare problems for their child’s better future. Non-conducive environment for children Since children are at the daycare most of their day, the environment must be safe and nurturing. For example, the caregivers not wearing gloves while changing children’s diapers is alarming. Parents must check the kitchen’s cleanliness and where their children’s meals are prepared before choosing a daycare center. However, aside from the physical environment, it is also crucial to ensure that the child feels safe and comfortable in the center. The environment should be engaging enough to motivate children to spend their days there – with enough toys and books, space, sunlight, and other stimulating elements. Indifferent or authoritarian caregivers Children spend much time at daycare, so their caregivers must know how to deal with toddlers. Sometimes, a caregiver may be indifferent or too emotionally distant from the child, and the child may be neglected when the parents are away. On the other hand, if a caregiver is too strict or too permissive, it can either make children anxious or highly demanding. Parents should visit the caregiver occasionally to know how well they can cater to children’s needs. Constantly changing teachers or babysitters At daycare centers, teachers and children tend to form close bonds with each other. Over time, the teachers develop an understanding of the child’s unique needs and personality, so there needs to be consistency among the teachers. If the teachers constantly change, the children may never settle down at the facility and eventually become uncomfortable.
Read More
7 common spray foam insulation mistakes to avoid

7 common spray foam insulation mistakes to avoid

In recent years, spray foam has proven to be a great insulating agent for homes. Like a multipurpose sealant, spray foams also belong to the category of practical repair and renovation tools, making it an ideal choice for homeowners who enjoy DIY projects. However, getting spray foam insulation done is a precision-based exercise, which is why one may make certain mistakes while doing it without professional assistance. Here are some spray foam insulation mistakes one must avoid: Neglecting proper ventilation Spray foam insulation tends to be half-baked unless proper ventilation is put in place to sort out certain issues. For example, without proper ventilation, the trapped air in the spray foam insulation layer leads to moisture buildup and condensation. These two problems lead to worse issues like mold growth on the wall and other surfaces where this insulation layer is applied. Mold growth not only compromises the insulation but is also incredibly unhygienic and can cause health issues for the occupants living or working in such a property. Heating the canisters too much Many people who apply spray foam insulation on their own believe that high temperatures on the canister will speed up the application process. However, this is a wrong notion. One must not heat the canisters beyond 100 degrees as that creates a risk of the canisters blowing off their caps and causing a huge, foam-filled mess all around. Ideally, the canister should be at room temperature when spraying it. If the insulation foam is being used in a place with cold temperatures, then one can use water tubs and multiple canisters to keep the foam from freezing. Using incorrect thickness Spray foam insulation works best when the person applying it uses the correct amount of material to create a thick insulation layer. Finding the right balance is key, as applying too little will lead to inadequate insulation (and creates air gaps and air seals), while spraying too much wastes resources and unnecessarily increases costs.
Read More
11 DIY plumbing mistakes and ways to fix them

11 DIY plumbing mistakes and ways to fix them

Today, because of the internet and plumbing tools that are easy to use, DIY plumbing has become a popular option for homemakers. Along with fixing problems like leakages, plumbing also involves identifying any issues in pipes, water tanks, taps, faucets, etc., every now and then and looking for suitable solutions. Although time-consuming at times, DIY plumbing can also be a fun-filled and cost-saving experience. But here are some plumbing mistakes DIYers should avoid: Using excessive amounts of liquid drain cleaners Many beginners in plumbing use large quantities of liquid drain cleaners to unclog sinks and kitchen drains. However, liquid drain cleaning may lead to several problems in the long run. For example, even after the drain is rinsed with water, some of the solution may remain in the pipes and can cause damage. So, it is always safe to replace liquid drain cleaners with plungers or natural solutions like baking soda and vinegar. Not checking the toilet and sink for leaks regularly Even minute leakages can start posing major issues later on, so regularly checking the toilet and sink for leakages is essential to prevent the problems from escalating. One should set up a schedule to examine the drainage systems, taps, faucets, etc., at least once every month to detect problems early on and fix them promptly. Fixing tubes and fittings too tight Tightening tubes, fittings, pipes, etc. too much can cause the fitting to develop cracks, leading to potential leakages and plumbing issues. These cracks may not be visible immediately, but they begin to appear eventually and can break and leak. Also, tightening closet bolts in the toilet can crack its porcelain. So, one should be careful not to tighten any of the tubes, pipes, or fittings too hard. Not researching what tools are required Tools are a plumbing DIYer’s best companions because they make this process incredibly easy and efficient.
Read More
8 online reputation management mistakes businesses should avoid

8 online reputation management mistakes businesses should avoid

Studies suggest nine out of ten people check online business reviews before engaging with the brand. This number alone points to the importance of online reputation management (ORM), which establishes and maintains a positive impression of one’s business. However, many mistakes could be made here, costing them their existing and new customers. Here are a few such mistakes businesses make and strategies to avoid them: 1. Staying away from social media Often, those with small to medium businesses do not see the value of social media, causing them to stay away from it. This can be one of their biggest mistakes, especially when managing their online reputation. Although it consumes a fair amount of time, energy, and resources, social media gives one a platform to engage with customers, assist them, and clear any misunderstandings. This is a great trust-building tool that can also help ensure repeat business. 2. Not working with an online reputation management strategy Another misconception many people have is that good work automatically translates into good reviews online. While it is important to maintain the quality of goods and services, this alone is not enough. Businesses must work wisely to develop online reputation management strategies with their social media policies. This can help them create a better impression on new and existing customers. 3. Ignoring negative feedback Negative reviews can be harrowing. This often makes people not want to reply to them or simply delete them. This can be dangerous for one’s ORM. Ignoring or deleting these messages does not make the feedback go away. Instead, it creates an aura of distrust and can leave customers feeling unheard or angry. The solution to this is simple. Always respond to negative messages or reviews professionally and promptly. Apologize for any errors that may have occurred and offer an amenable solution to rectify the situation.
Read More

Recent Articles