top of page
Writer's pictureDR JJUUKO DERRICK

Navigating Business Mistakes: Lessons Learned from a Weekend





This weekend, I found myself deep in conversation with a great friend, reminiscing about some of the bizarre business blunders we’ve both made over the years. We laughed about the costly missteps that seemed almost absurd in hindsight. One topic that sparked particular amusement was our habit of conducting business over the phone—a practice that has often led us astray.


We couldn't help but compare our experiences to a popular advertisement by the renowned influencer Uncle More. In the ad, he humorously attempts to give instructions to his workers over the phone, highlighting the challenges and pitfalls of relying solely on this method of communication. The laughter we shared quickly gave way to a more serious reflection: if we continued to approach business with a low risk appetite, we might never reach the success we aspire to.


After our lighthearted exchange, I decided to share some effective strategies I've tested that can help manage a business remotely while avoiding the pitfalls we discussed. Here are some insights that could transform how you approach remote business management:


1. Embrace Clear Communication

While phone calls can be convenient, they often lead to misunderstandings. Opt for clearer forms of communication, like video calls or instant messaging, to ensure that everyone is on the same page.

2. Utilize Project Management Tools

Investing in tools like Trello, Asana, or Monday.com can help you keep track of tasks, deadlines, and team progress, ensuring that everyone is aligned, no matter where they are.


3. Set Regular Check-Ins

Establish a routine for team meetings—whether weekly or bi-weekly—to discuss progress, address challenges, and keep motivation high. These check-ins foster accountability and open lines of communication.


4. Delegate Effectively

Learn to trust your team by delegating tasks according to their strengths. This not only empowers them but also frees up your time to focus on strategic decisions.


5. Develop a Risk Management Plan

Identify potential risks in your business model and create a plan to mitigate them. This proactive approach can help you navigate challenges more effectively and embrace calculated risks.


6. Leverage Technology

Explore various software and applications that can automate tasks, track performance, and enhance collaboration. The right technology can significantly streamline operations.


7. Keep Learning

Stay informed about industry trends and new technologies that can enhance your business practices. Continuous learning will help you adapt and thrive in a changing landscape.


Conclusion


Our conversation this weekend reminded me of the importance of not just laughing at our mistakes but learning from them. While it’s easy to fall into the trap of conducting business in a haphazard way, embracing a more structured and strategic approach can open up new avenues for success. As we move forward, let’s carry these lessons with us—after all, laughter is great, but wisdom is even better.


If you're figuring out how to manage your business remotely and could use some guidance, don’t hesitate to reach out for help at RentMyMBA. Click this link to get started: Contact RentMyMBA. Let’s navigate the journey to success together!


About the author


Dr. Jjuuko Derrick, is a pharmacist with a keen business acumen. Having dedicated much of his career to engaging with business owners and employees, he brings a unique blend of pharmaceutical expertise and business insight to the table. As an entrepreneur himself, he is passionately committed to leveraging his technical skills and entrepreneurial experience to foster the growth and development of multiple businesses. Driven by a mission to make a meaningful contribution to the business landscape, he stands ready to empower entrepreneurs with the knowledge and tools they need to thrive.


37 views0 comments

Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page