When you get complacent you put your business at risk. These seven dangers suggest you need to re-evaluate how you run your business.
Complacency in your business kills.
My name is Hassan Younes and I discovered this very thing with my own business. For several years, I ran a successful childcare business.
By 2012, business was booming. I’d worked hard to develop a solution that the market wanted. Now, I’d started to reap the rewards.
And my attitude towards my business changed. I became comfortable and lazy in the way that I ran the company. Four-day weekends became common for me and I adopted a complacent leadership style without even realising it.
The business hit rock bottom. The capacity dropped to 34% from a previous high of 95%.
It very nearly became one of the 260,000 Australian businesses that close every year.
Complacency is a human condition disease. And when it comes to your business, complacency is the cancer that could kill the company.
Complacency is a state of self-satisfaction that leaves you unaware of the dangers running rampant in your business.
I want to help you to avoid those dangers so you can run a healthy company. Here are seven to look out for.