Tips to Avoid Business-Busting Mistakes | A Place at Home

Business-Busting
Mistakes to Avoid
Launching your own business is a life-changing
endeavor. Once you take that leap of faith – you are
journeying towards building your own legacy and
attaining that highly sought after all-American dream.
www.aplaceathomefranchise.com

Choosing the Wrong Partners
Value your intuition, do
background checks and add
the right skills. Before
partnering, thorough due
diligence, and careful business
planning, is always required.
Almost automatically, you may
plan on going into business
with spouse, family or old
friends. Stop to consider
whether they have what your
business needs.
"When you do begin partnerships, it is crucial that you create clear,
documented division of responsibilities to prevent
misunderstandings that could destroy your company down the road"
Going It Alone on Business Decisions
Value your intuition, do background checks and add the
right skills. Before partnering, thorough due diligence,
and careful business planning, is always required.
Almost automatically, you may plan on going into
business with spouse, family or old friends. Stop to
consider whether they have what your business needs.

Ignoring Competitors and Customer Feedback
Monitor competitors closely, so you can clearly differentiate
your company and lead the market. This protects your
reputation and provides useful Intel to help shape your
products/services going forward.
Not Establishing Customer Personas
Know your target market well. Create customer personas for
each unique market segment that would benefit from your
services. Each persona gives you a representative
customer/prospect to “speak to” in your advertising.
Not Being Financially Prepared
Be sure to have enough money to cover your initial business
start-up costs, including capital expenditures like
supplies,vehicles and/or equipment. You’ll also need
operating funds to keep your business going.
Considering a Senior Care Franchise?
When you join our group of dynamic
business owners, as franchisees of A Place
at Home, you’ll have strong support,
thorough training and valuable business
resources to help you succeed.
www.aplaceathomefranchise.com