We all have habits in business. Some help us move forward, while others quietly hold us back. In this episode of the I Hate Numbers podcast, we explore four common bad business habits and, more importantly, what we can do to break them.
These habits may feel helpful in the short term, especially when cash is tight or pressure is high. However, over time they can damage profitability, confidence, and long-term growth.
Bad Habit One: The Pricing Trap
Underpricing is one of the most common traps business owners fall into, particularly in the early stages. Discounting heavily or working for less than your value often leads to burnout and poor cashflow.
Sustainable businesses price for value, not fear. Getting pricing right allows us to grow, reinvest, and serve clients properly.
Bad Habit Two: Doing Everything Yourself
Trying to do everything alone may feel sensible at first, but it quickly becomes a growth blocker. Time spent on low-value tasks is time taken away from strategy, sales, and leadership.
Delegation is not a loss of control. It is a deliberate decision to focus on what matters most in the business.
Bad Habit Three: Always Choosing the Cheapest Option
Choosing based purely on price rather than value often leads to poor outcomes. Cheap solutions can result in wasted time, repeated work, and missed opportunities.
The right support, systems, and advice pay for themselves over time.
Bad Habit Four: Avoiding Financial Advice
Avoiding professional advice is a habit that quietly costs businesses money. Tax efficiency, cashflow planning, and structure are areas where expert guidance makes a real difference.
Good advice is not an expense. It is an investment in clarity, confidence, and long-term success.
Key Takeaways
Breaking bad habits starts with awareness. Small changes around pricing, delegation, decision-making, and financial support can significantly improve profitability and peace of mind.
Listen & Take the Next Step
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Until next time, plan it, do it, and profit.