Mistakes to Avoid in 2012

Today is the first of January 2012, a new year has begun. It will bring joy and happiness for many, some will suffer and some will struggle. That is the reality of life.

2012 will be a challenging year for small businesses across the globe. With deepening economic crisis in Europe, threat of Euro zone and Euro, possibility of Greece and Italy defaulting and push to convince Germany to take the hit by paying for financially strangled nations in Europe, things are not promising!

The US Economy continued in depression since 2007. Although, US economists and the media, including New York Times. Los-Angeles Times, Wall Street Journal, Herald Tribune have acknowledged US economic growth in 2011, the consumer market still looks dull!

Middle East remained a turbulent region during 2011; it is highly unlikely for this region to perform well in the New Year.

According to Moody’s, Asia Pacific economies are going to see some slowdown mainly reflecting upon the economic crisis in Europe. There are chances of recovery in the second half of 2012, but a lot depends on how well the US and European economies perform!

The situation is alarming and a number of businesses particularly domestic businesses in smaller economies will be required to play safe. To be able to survive, small businesses must focus avoiding four major mistakes during 2012:

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Brand Building with a Perfect Logo

Let me start this post by asking a simple question:

What is the first thing an entrepreneur creates before starting a business?

Answer: A business logo.

The reason is simple. Logo is created to build brand identity and it is also a visual representation of your business that helps in building brand equity and ensuring customer loyalty. Therefore it is essential to consider spending time and energy in creating a perfect logo.
Some people rightly argue that logo is not a brand, according to Dan Pallotta who is an expert in nonprofit sector innovation and a pioneering social entrepreneur;

“A brand is much more than a name or a logo. Brand is everything, and everything is brand”
This means that everything that goes around creating brand value and brand recognition is important, and my view is that an attractive logo plays a vital role in doing so.
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Micro Management Failures!

The term Micro Management means keeping close control on happenings within an organization. The term has a negative connotation and rightly so. Manager’s role is to facilitate, but a micro manager generally creates roadblocks for other coworkers.

Small business owners tend to micromanage, but once the business grows, the scope of an owner manager’s responsibilities change. It however becomes challenging for him to realize the situation, which ultimately makes life difficult for him and his coworkers. In this post, I would like to focus on why people micromanage and what can be done to improve situation in an organization.

Psychologically, we all are micromanagers; some will consider this a radical statement. But the fact of the matter is that human generally think that “they are correct and others are goofs”. Those who say that they are working for micro managers, most of the time do not realize that they micromanage too
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