Mistake – Neglecting Management
Posted: Mon Apr 21, 2025 3:34 am
A successful digital business is supported by 3 pillars: management, traffic and conversion.
Most digital entrepreneurs spend most of their time generating traffic to increase their conversions. But they end up neglecting an important part of the process: management. Management basically consists of managing your available resources to achieve the desired result; without it, your business will not survive.
If you earn R$10,000 per month but don't greece mobile database why you only have R$2,000 left in cash, it's a sign that you're not managing your finances properly. Without cash, you can't invest in paid campaigns to generate new sales. What will happen is that your digital business will be in the red or go bankrupt in the coming months.
Another classic example is when an entrepreneur tries to control the business manually. The lack of a management tool means that the entrepreneur wastes most of his or her precious time trying to keep spreadsheets up to date on daily campaign spending, the number of bills paid on the day, and other data.
Most digital entrepreneurs spend most of their time generating traffic to increase their conversions. But they end up neglecting an important part of the process: management. Management basically consists of managing your available resources to achieve the desired result; without it, your business will not survive.
If you earn R$10,000 per month but don't greece mobile database why you only have R$2,000 left in cash, it's a sign that you're not managing your finances properly. Without cash, you can't invest in paid campaigns to generate new sales. What will happen is that your digital business will be in the red or go bankrupt in the coming months.
Another classic example is when an entrepreneur tries to control the business manually. The lack of a management tool means that the entrepreneur wastes most of his or her precious time trying to keep spreadsheets up to date on daily campaign spending, the number of bills paid on the day, and other data.