Business Ideas Part 10 - How to Ruin Your Business in 11 Steps

in Traveling Steem14 days ago
As a marketing professional I was concerned about a particular company that seems to be genuinely willing to ruin their own business. I gave it a thorough thought and came to the conclusion that there are effective ways even if I am writing them ironically, since understanding these pitfalls actually help you avoid them.


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In case you're interested to know? Here they are, the 11 ways how you can go bust earlier than your own plan:

  • Ignore Your finances completely:

The quickest way to destroy a business is neglecting financial management. Don't track expenses, ignore what is good and what is bad, whether your profit margins is okay and also mix personal and business finances, and never review financial reports.

The result, when money runs out, you'll be shocked it happened but then you can do nothing but write an application for bankruptcy.

  • Focus on how to crush competition but give importance to useless business methods:

Instead of adding value for customers, concentrate on how to ruin competitors which clearly means keep the worst ones on top. This will consume all your energy that you could spend on innovation and customer service, leaving your business stagnant while it could go striding ahead.

  • Keep your business policies unethical

Never do anything ethically but ignore your business, ignore social norms, don't update your website, and keep your offerings secret and let the chaters take advantage. Trust me no genuin customers will find or remember you, guaranteeing zero business acquisition in the end.

  • Offer more to average customers ones ignoring the valued customers:

Don't add value to your products or services but keep everything bland, offer cheap products at higher rates, overcharge your regular customers, and make mediocrity your motto. Your customers will realize they're getting poor value and leave.

  • One good way to ruin your business is ignore customer feedback:

That's right if you want to finish your business fast, never ask for or listen to feedback by trusted managers but dismiss their suggestions and never care for the complaints and assume you know the best and all others are fool or wrong when they give you suggestion. This will help a cycle of declining satisfaction and mass attrition in place of getting more.

  • I have always believed doing everything yourself is surefire way of destruction:

Never ask for advice, consult advisors, or hire help. Pretend you're expertise in law, accounting, marketing, and operations. You'll burn out, make costly mistakes, and miss growth opportunities.

  • Ignore if your managers are hiring friends and relatives for personal gain

Skip merit-based hiring and employ friends or family regardless of competence and don't stop here but pay them more than your competent workers. I am sure that will create hostile employee relationships by treating staff as cogs, ignoring the honest ones, and never firing toxic employees who drain team morale.

  • Workout cheap policies and go for them:

Constantly find ways which look uncomfortable to your valued customers or unattractive so the cheap customers stay. This erodes profit margins, attracts demanding customers, and signals low quality.

  • Mix Personal and Business Finances

This is one of the best way if you muddle your personal interest up and business interest at low level. This creates chaos, legal vulnerabilities, and makes it impossible for genuine customers to know your actual business intention and how you perform.

  • Stay Inflexible

Never adjust course when the market changes. Stick with outdated technology, ignore industry trends, and build operations around outliers instead of your typical customer base.

  • Forget your limits or including things which your customers least likely buy!

Adding the items no customers will not bother look at

Ironically, recognizing these destructive behaviors is the best way to build a successful business—especially for micro-businesses in markets anywhere in the world where community trust and value delivery matter enormously.


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  • In short the best business killer simulator model of how ignoring cash flow, bad hires, and lack of vision destroys your running business!

Hire friends and relatives instead of consulting or hiring qualified professionals
Ignore your finances and only check your checking account balance
Never fire that toxic employee who complaints and drains team morale
Work for cheap rates and constantly discount to get more work
Don't keep any customer or prospect database
Let clients push you around and never hold firm on scope
Neglect your permanent customers
Fail to adequately train your employees and expect them to learn by osmosis
Become the cheapest solution for customers by endlessly discounting prices
Ignore your mentor and assume he is just a fad
Have no clue where you want to take your business with no vision or buy the similar items
Keep something in the center which sells like hotcake but drains capital out of your business.​

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 14 days ago 

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curated by @josepha

 14 days ago 

¡Hi friend!

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