LMG Global Urge Small Businesses to Avoid Common Mistakes

    TORONTO, ON, January 08, 2015 /24-7PressRelease/ -- Starting a business is very exciting for most entrepreneurs. At the same time however, especially when opening up a company, it is easy to get distracted and might be challenging to keep focused on the basics of running a successful company. LMG Global say: "This can have major impact on the business. Therefore we offer a Business Development Program to entrepreneurial minded individuals and provide support and guidance on how to run a successful business."

About LMG Global: http://lmgglobal.org/about/

The program covers topics such as leadership, finance and funding, talent pool, planning ahead, campaign management, goal setting, advertising and market research. "Small businesses are crucial for economic stability and growth and therefore we would like to do our bit and help business owners stay focused and avoid common mistakes." LMG Global reveals the following five tips to entrepreneurs:

1. Think long-term
Short-term thinking is often short-sighted find LMG Global. Business owners must think thoroughly before they make a decision that has an impact on the business. "A short-term solution may be attractive when it saves money," say LMG Global. "However, do quick fixes turn out good for the business in the long-run?" LMG Global says that businesses must think ahead before taking risks.

2. Write things down
In the beginning, business partners tend to be excited and share the same vision. However, if the firm hits a rocky patch, it may come to disagreements. "A partnership agreement is then handy. Write things down after making decisions and stay focused on the original vision," recommends LMG Global.

3. Think before making a commitment
Businesses tend to forget about the impact of their obligations. Leases, contracts and other obligations may have impact on the value of a company. It is important to take this into consideration this before committing to a long-term agreement.

4. Secure sufficient funding
To ensure continuous cash flow, it is important for business owners to develop a realistic business plan and build a stable relationship with dependable financial professionals and lenders.

5. Know your market
Before opening up a company, business owners must research and understand the market, define competitors and create a strategy on how to attract potential customers. LMG Global warns: "A great strategy is absolutely crucial in order to achieve business growth; however be careful, it is a common mistake of some businesses that they can destroy the value of the company by growing too fast."

Founded in 2013, LMG Global is an outsourced direct marketing and sales firm based in Toronto, ON. The company develops strategies for their clients to raise brand awareness and effectively promote and sell their products and services.

LMG Global say: "We want to support business minded people who want to start up and be a part of the economic growth. During the Business Development Program, they learn what is essential to succeed and we take them to networking events, so they can touch base with other industry professionals.

2015 will be an exciting year for LMG Global. The firm is currently preparing to open up in further markets. Plans to expand overseas are also under discussion.

LMG Global is a sales and marketing firm specializing in direct marketing. The firm uses face-to-face marketing to improve their clients' customer acquisitions and generate a high ROI.

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