Showing posts with label failure. Show all posts
Showing posts with label failure. Show all posts

Sunday, July 11, 2021

COVID can't take all the blame


As you know, COVID has been around for some time now. We are all aware of the challenges and trauma it has caused to people of all walks of life. People, businesses, countries all felt the impact of COVID. We know it well. 

As things restart, we are doing business once again for both private enterprise and for the government. Everyone wants their work done, with a matter of urgency. 

Claims of how you come highly recommended are common, along with the other lofty reminders of your reputation - so the marketing seems to work. Then comes the "sob" story of the predicament they are in and why they so desperately need your help. Afterwards the closing arguments of how their situation took up their resources and they will pay you in one/combination of the following ways:

  • they want to negotiate your fees downwards 
  • they want a payment plan that permits installments; which they never stick to
  • they want to offer you shares in their business and they are not even incorporated
  • they want to pay you on the back end of the assignment
  • they even go as far as saying we as a people need to support each other; really
  • now there's a new boy, with broad shoulders that took the brunt of licks in the last year - the COVID-19 pandemic [very specifically] got things hard and difficult
In short, they want you to pay using your own resources to do their work. 

Recently, there was one that was heard: The hurricane damaged their many properties so now they have to fix them and then get back to you - who was on assignment to help them get money in the first place. 

People who sell products are raising their prices like crazy and blaming shipping costs. Services, not so much, since they are not aware in many instances that their costs have increased and in what areas and therefore are, in many instances, unable to justify their increases so they work at a loss. 

There's something all business people seek and it's called success. Yet they seem to miss the point that the businesses they deem as successful also have challenges but instead of dwelling on the problem, they focus on a solution. 

The leadership of these successful entities hold themselves accountable and work towards developing plans and utilizing resources that will enable them NOT to stay in an area of challenge for too long. 

There are many articles written about successful people and the surplus they have accumulated over time. Some articles even make it seem downright unfair that these people are being rewarded in the way they are. Yet those same successful people worked tirelessly, making personal sacrifices of time and energy, and sometimes relationships to build and expand their sphere of influence through their organizations. DON'T GRUDGE THEM. 

They use the same principles available to everyone else who is willing to put the work in and invest the time/resources necessary to GET THINGS DONE. 

Stop the blame game, it's doing no one any good. Get the success habits. They are all over begging to be taken up - but we don't want to read, listen, attend to the details and get the information that encourages success. 

Some of us go the other extreme, watching the successes of mega successful people who told their stories and live in the euphoria that we too will make it. Yet ignore those who are a little more successful and identify what they are doing; often within our own environment that makes them successful. 

Just as there is information on what we can do that is right to succeed, there is information on the wrong to avoid so that we don't fail. We all need to be aware, researching both approaches so that we can step closer to success while avoiding the pitfalls of failure. Someone has made those mistakes before, there is no need to try to make them all over again. 

Now that the world is resetting, this is your time to DO IT RIGHT. Strategize, plan and execute, this way you too can build your legacy. Remember, COVID cant take all the blame. 

Sunday, August 11, 2013

Starting a business....are you serious?

Entrepreneurship is a word that's touted about a lot these days. Everyone seems to want to begin a business of their own, and who can blame them. There are certainly better educated, greater connected, and have more resources. However, you can imagine the questions that come to mind when we look at todays businesses. Let's look at a few.

  • Why do so many of them fail?
  • Do we really know why we want to be in business?
  • Have you thought out the process well?
Let's stop at these three. Since these alone can take quite a bit of time. Let's look at them succinctly.

Businesses fail due to:

  • Being under capitalized
  • Poor operating systems 
  • Weak marketing & sales 
  • Poor accounting & cashflow management
  • Weaknesses in human resources - training deficiencies
  • Lack of discipline and planning
  • This list is not exhausted



We want to be in business for a variety of reason

  • Some don't want to work for someone else
  • Others just want to be their own boss
  • There are still others who just want to be creative and can't be bothered with much else
  • Many want to make money that they can spend as they wish
  • They saw someone do it and it looked easy
  • Many don't like their current bosses 
  • Some want to genuinely make a difference in the lives of others with their product / service
  • The reasons are endless 




We thought

  • This would be a walk in the park
  • This much strategy was not required
  • We could do it ourselves without much expenses or help as we know our field
  • Why did we leave our jobs, we had it made when we got our payment from where we were employed (and, we didn't have to work as hard)
  • We didn't want this much work, just more money. 
  • We didn't have a vacation since leaving our last jobs and we don't have money to go on vacations either 
  • If I had only known better, I wouldn't have left 
  • Well, we're too committed to turn back now. 
  • If I could do this all over again, I would do this so much differently

Business is never easy. As one friend put it, you have money problems either-way - too little / too much. There are many who believe that they wouldn't mind having too much money. It is often heard said, I know exactly what I would do with that money if I had it. 

So are you serious about starting a business? If not, please don't. It would be more trouble than profit. However, if you are, then you need to make contact with someone like me in your area. There are plenty great consulting resources out there, and they are some that aren't so great. You must do your due diligence. 

So starting and expanding a business, especially when you are serious can be quite rewarding. Surround yourselves with others who have achieved some of the things you desire - learn from them taking the good and leaving the bad behind. Yes you'll find many have flaws that make it difficult to work with them. Be prepared to endure, so that you can enjoy




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