7 Myths About New Businesses

   0   62

Myths are ever present in everything we do, and business is no different. Here are 7 of the most common myths in new business development.

7 Most Common Myths About New Business

1. People often think that branding and full service advertising fall under specialization and that somebody needs to specialize to do that. That is a big myth and it is simply not true.

2. Another myth that people often believe is that selling something is more likely if you have a lot of things to sell. Again, this is simply not true. It’s better to be selective, and offer just a regular offer, that is better than other peoples offers, than to just have a gigantic selection of everything.

3. More meetings don’t equal more sales. People often fall into this trap and think that the more meetings they get, the more sales they will close. It’s not true and it just makes you spend more money, which is bad for the business.

4. Some people believe in the necessity of written proposals in sales. It is not a necessity. It’s really nothing more than a tool to be used for the business, and it isn’t even that beneficial when used in the traditional manner.

5. Building personal and close relationships equals more sales for the business. Of course, networking and close relationships are important for the business, but focusing too much on making friends in the business is not very likely to get you on the top.

6. Chemistry builds new business relationships. It’s a myth commonly cited. But there are two major problems with this. Firstly, what is chemistry? How can you define it? When people say chemistry, they often do that because of a lack of a better term. They most often found something great about the business, but for the lack of a better term use the word chemistry to describe their decision. Secondly, focusing too much on building business relationships through chemistry will not exactly make you learn a lot of things about the business world, and you may fall off later down the road.

7. Some people fall under the tree where they believe that selling something must come from persuading or intimidating someone to buy it. This is really not healthy, and it’s much better to look at sales from a different angle. Of course, this can work in a way, but to each their own.


Related Posts

10 Signs You Should Invest in New Business

Start new business in TexasInvesting in a business is something not everyone is ready for. But how do you know if you are ready to invest in a new business? 1. If you are taking advantage of the 401(k) with matching, if you can, it’s one of the signs you should be investing into a new business. It’s a […]


15 Best Blogs to Follow About New Business

Entrepreneur blogsStarting a business is a difficult venture. One of the bigger challenges people who are looking to start a business come across is just where to begin in the first place. Luckily, you can read a lot about this subject and learn a lot from people who are experienced in this field. Here are 15 […]


5 Tools Everyone in the Business Industry Should Be Using

5 Tools Everyone in The Business Industry Should Be UsingManaging a business is difficult and it takes up a lot of your time, but you shouldn’t just give up, or force yourself to work harder. The answer is to work smarter, rather than to work harder. There are many different tools that can make your job easier and help you work a lot smarter, […]


10 Things Your Competitors Can Teach You About Small Business

Things Competitors Can Teach You About Small BusinessToday, in the modern world, the business world is harsh. There is a lot of competition, and you shouldn’t turn a blind eye to what your competitors are doing, because there is a lot you can learn from them. But what exactly can you learn about small businesses from your competitors if you pay attention […]


How to Solve the Biggest Problems With Small Business

Solve problems small businessesOperating a small business comes with its share of problems. Things like not having enough money, not having enough time, and not being able to adapt to and manage the growth of your business are some of the, if not the biggest problems your small business can face, and solving them when they come up […]


thoughts on this post
Show Buttons
Hide Buttons