Deadly Business Mistakes I Made That You Can Avoid! A Mini-Series Part.2

Hello and welcome back to “Deadly Business Mistakes I Made That You Can Avoid! A Miniseries.” This Post will serve as Part 2 of weekly my miniseries and will continue covering firsthand experiences of detrimental mistakes my first ever business venture Conextus (Website: http://conextus.ca), made while I was one of its leaders. Just like Part.1 did however, I hope that Part.2 of this weekly miniseries will inspire you to take heed and avoid Conextus’ mistakes. Read On!

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Image Credit: Pixabay

Team Inflation

While a solid team is necessary for a successful business in Conextus we made the mistake of taking things to far with team building. As we were desperate to get the ball rolling, we built up a huge team that resulted in team inflation for Conextus! This meant we had too many members making it more difficult to manage the business team. On top of that the team expanded/inflated to quickly that carrying out commitment checks were made much harder. The team expanded way to quickly and this hindered proper management as the inflated business team of Conextus was often confused, disunited in a state of disarray.

As one of Conextus’ top leaders in charge of administration, I accept much of the responsibility in expanding the team too quickly, preventing to create a solidified team and failing to address the issue of Team Inflation until it was too late. While Conextus fortunately has survived as of now, Team Inflation was and still is a huge flaw in our business with the potential to cripple many new businesses! So with your business team make sure you take into consideration the mistakes of Conextus and take caution when it comes to establishing proper team! It is best to start early meaning you should focus on quality over quantity when it comes to building a team! It is much better that you have a few team members who are specialized (e.g. A team of four or if possible less with all members qualified and competent in their respective roles and able to support each other when need be) as this will make a more manageable team.

If your team is already too big you may have to let certain members go and keep the most competent members on your team unfortunately. However, focusing on building a small but quality team of highly skilled and competent members can easily avoid the sad process of letting team members go as a result of Team Inflation and inability to properly manage the business team!

 

When your team is small it is easier to manage and easier to get things done as you can work more intimately as a transparent more equal and fair partnership instead of a top down hierarchical management. A smaller more manageable business team provides more room for creativity, growth, intimate coaching along with trust, bonding and less stress among your business team making progress hence success possible through better team efficiency!

How Microsoft/Xbox Setbacks Benefit Your Entrerpreneurial Career?

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Image Credit: “Join the world’s premier gaming community,” http://www.xbox.com/en-ca/live/

 

I’m sure many if not most of you who are viewing this post are a fan of Xbox and Microsoft! Sadly however, Microsoft’s Xbox Live has experienced problems (Source: http://www.gamespot.com/articles/microsoft-may-compensate-xbox-live-users-affected-/1100-6435489/?ftag=GSS-05-10aaa0a) in the beginning of The New Year 2016. Some of these issues blocked players from downloading and playing their games that even American Rapper Snoop Dogg was ticked off! Microsoft may offer compensation for these issues though it’s not guaranteed. However problems are often never permanent and can create new opportunities for entrepreneurs. So, if you’re entrepreneurial minded, tech savvy, tech loving and a fan of video games like Xbox or running your own smaller tech/gaming business then Read On for great opportunities from Microsoft Xbox Live’s 2016 setbacks to better your own chances of entrepreneurial success!

 

1) Your Chance To Break The Monopoly!

I am a huge fan of Microsoft, Xbox, PlayStation and Video Games. With that being said, in the video game industry Microsoft/Xbox and PlayStation have greatly enjoyed a huge monopoly in the technology and video gaming industries. This creates a monopoly, which stunts chances of success and innovation for smaller companies. Monopolies are bad for competition, hence innovation and large-scale diversity.

Fortunately, with Microsoft/Xbox’s recent setbacks, if you are a smaller tech/gaming company you can slowly but surely take advantage of these setbacks to break the monopoly to bring the tech/gaming business industry much needed larger scale environment of competition, diversity and innovation!

The benefit of large companies facing setbacks is ultimately smaller companies can be motivated to take action to develop, innovate and compete resulting in new often more advanced products by breaking the previous monopoly overtime. As the same applies for the gaming/tech business industry if you are running a smaller scale tech/gaming company here is your chance to break the monopoly enjoyed by the likes of Microsoft/Xbox and introduce something new!

2) Your Chance To Learn From Mistakes By Observing!

 Microsoft/Xbox is a great company but unfortunately has had (Before 2016) various problems and complaints from customers. The problems most likely could have but were not prevented by the company and development teams. If you’re running a smaller tech/gaming business that doesn’t enjoy the same stellar status of Xbox you could well step into the fray and refrain from the same mistakes of Microsoft/Xbox.

Some of these issues, which could have been prevented, were due but not limited to rushed production and determination to meet deadlines/release dates a common problem of well-established businesses! As a smaller tech/gaming business make sure you carefully observe the mistakes of bigger conglomerates like Microsoft/Xbox, what led to their faulty products, why these faults occurred, whether they could have prevented and why they were not prevented.

Hence, overtime starting now you can provide a great new business with stellar customer service while learning from, adapting and refraining from making the same mistakes of Microsoft/Xbox! Learning from the mistakes of others in business is a surefire way of providing great customer service cornerstone of a successful business!

3) Your Chance To Save The Day!

When setbacks often strike well-established conglomerates like Microsoft/Xbox, customers are in need of a hero to save the day! Well now is your chance as a smaller tech/gaming company to be that hero who saves the day by providing a new and better service to save customers. While innovating to be more advanced than Microsoft/Xbox is often a great way to save the day there are simpler ways to be a hero.

For example notice the pains and annoyances Microsoft/Xbox customers are facing as of 2016 problems with Xbox Live. Next work to develop a system, which fixes these pains and problems Xbox Live’s users are facing by making your product/s entertaining, exciting and free of Microsoft/Xbox Live’s problems.

Simple ways such as solving customer pains, issues and bugs of larger competitors even on a smaller scale are definite ways of innovating your business and products to save the day! Moreover, as a smaller tech/gaming business by providing a more efficient, foolproof, simple and easy more reliable than larger but more glitch ridden competitors, this is relatively enough to succeed by saving the day!

 

Last but not least you don’t even to have be a formal entrepreneur with a company to save the day. Rather if you are a tech savvy Xbox gamer, then you can design modifications (MODs), parallel informal systems or tinker your Xbox to modify/adapt the system to provide better glitch free service (even try offering to Microsoft/Xbox in return for payment and/or a beneficial deal e.g. publicity for your own MOD channel/store, etc.) to achieve success!!