Ups and Downs

Business has its ups and downs. When business is good, we think it will always be that way. And when business is bad, we can’t see it getting better. That’s because we make excuses for our situation and blame outside forces or other people for our problems.

Business, like the economy, goes in cycles. But we have much more control of our business than the economy as a whole, where we have absolutely no control. Therein lies the difference. We need to stop worrying about the things we can’t control and focus on the things we can control.

Most business problems lie with their leadership. Leaders need to accept the fact that things don’t always go well and to take responsibility for their circumstances. After taking responsibility, the only rational course is to accept the current situation – even embrace it — and to develop a plan to make things better.

All of this lies in the hands of the business owner or manager.   If the situation I describe sounds familiar, take some time to reflect on your current circumstances and to determine your best course of action. Doing nothing is an unacceptable choice. Commit to making things better, knowing that business always has its ups and downs.

Bill

Here are a few Business & Life Tips to think about….

Business Tips:

• Lead with clear focus. Without it, confusion reins and there is no common purpose. Without that, you can’t have effective execution.
• A start-up business should shift direction as the market dictates. Be flexible and go with the flow. Let the marketplace lead.
• Good leaders don’t apologize for leading with strength, but they also understand the power of gaining “buy-in” from their staff.

Life Tips:

• A path isn’t blazed with one pioneer. A host of followers is required to carve a trail and it takes a dedicated team to sustain it.
• It is often said that it is better to try and fail than not to try at all. But failure can be success if you learn from it.
• We couldn’t control how we got into this world, but we can control how we respond to what life brings us. It’s our responsibility.

Here is another article written by Bill…

That Defining Moment

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