7 Costly Mistakes That Are Destroying Your Business (And How to Fix Them)

As an entrepreneur, it’s easy to get caught up in the day-to-day hustle of running your business. But if you’re not careful, small mistakes can stack up and hinder your growth. These mistakes could be draining your profits, slowing down your progress, and even holding you back from the success you deserve.

In this post, I’m breaking down the seven most common (and costly) mistakes that could be sabotaging your business—along with strategies to fix them and put you on a path to long-term growth.

1. Lack of Clear Planning

Without a clear and actionable plan, you’re simply reacting to problems as they come up, rather than proactively executing your vision. One of the most important things you can do for your business is to create a 90-day plan—this structure will drive results and give you focus.

Fix it: Join my GrowthCLUB 90-Day Planning Workshop, where we’ll craft a plan that sets your business on a clear trajectory for growth.

2. Hiring the Wrong People

Your team can make or break your business. Hiring the wrong person doesn’t just cost you money—it costs you time, energy, and momentum. Too often, business owners rush to hire without a strategy, only to end up with underperforming employees who slow everything down.

Fix it: In my 12-Week Management Training, we show you how to build a high-performing team that aligns with your vision and helps move the needle in the right direction.

3. No Sales Process

If your sales process isn’t clear and repeatable, you’re missing out on opportunities. Without a proven system in place, your sales team might be wasting time and leaving money on the table.

Fix it: In my 12-Week Sales Training, we teach you how to set up a step-by-step sales process that turns leads into customers consistently.

4. Avoiding Financial Numbers

Numbers might not be fun, but they are critical. Many entrepreneurs avoid looking at their financials, but understanding your profit margins, cash flow, and break-even points is key to sustaining growth.

Fix it: Start tracking your numbers daily. Know exactly where your business stands so you can make informed decisions that propel growth.

5. Failing to Adapt

If you’re still operating your business the same way you did five years ago, you're already falling behind. Markets change, and technology evolves—sticking to outdated strategies is a surefire way to lose your edge.

Fix it: Be proactive. Stay ahead of the curve by constantly learning, adapting, and pivoting your business to meet new demands and trends.

6. Poor Time Management

Time is your most valuable asset. If you’re bogged down with tasks that others can do, you’re wasting precious time that could be spent leading and growing your business.

Fix it: Start delegating. Focus on high-value tasks that only you can do. Create systems to streamline operations and free up your time.

7. No Mentor or Business Coach

Even the world’s top athletes have coaches. Why? Because having an outside perspective can accelerate growth and help you avoid costly mistakes. Trying to do everything on your own will only slow you down.

Fix it: Invest in mentorship. A business coach can give you the insights and accountability you need to reach the next level.

Ready to Take Action?

If any of these mistakes sound familiar, don’t wait until they sabotage your business. Book a free strategy session with me today to start implementing the right strategies for growth.

Building a successful business requires more than hard work—it takes strategy, the right team, and the willingness to learn and adapt. Avoid these common mistakes, and you’ll be well on your way to scaling your business efficiently and effectively.

If you're ready to take control of your business, let's start by putting a plan in place. Reach out today and let’s work together to turn these costly mistakes into opportunities for growth!