What is a small mistake to some can be a massive failure to others?
You must be able to walk the talk in order to avoid massive failure
It’s often very easy to talk about success, but talking about failure can be a lot harder and most people have little experience in making failures work for them in gaining valuable experience for the future.
Failure is quitting when the going gets tough. Sometimes you won’t be able to avoid quitting, but mostly you will be able to. Failure is when something is over, you have quite and the business no longer exists.
We often think we are failing when we are not, the important thing is to learn from your failures, they are our greatest teachers so don’t be afraid of them.
While failures are good teachers, they are best avoided. Here are some things to help:
- Avoid negativity and negative people.
- Engage others who can help you, you can’t be good at everything.
- Use personal development to improve efficiency and effectiveness.
- It’s not hard it’s just you thought it was going to be easy.
- Understand the entrepreneurial attributes.
- Learn to deal with fear and not let it control you.
- Ensure you have a good work/life balance.
The only difference between the winners and the losers is that the winners just keep going even though they have the same fear.
Start today by doing today’s business today
Focus on the work you’ve planned to complete today, but always keep your eye on your vision. When you have objectives and strategies in place, everything you do each day will have more purpose and massive failure will cease to be a big problem.
Rethink your daily actions and how you react to what’s happening around you. Are you merely reacting to events or being proactive about achieving your vision? When working ask yourself “What problem am I solving”?
Is what you’re doing today going to help you to achieve your vision and avoid massive failure? If not create a new daily routine with new priorities, that help you to become the master of your own destiny, so you can start working on things that are important to you.
Write out the cheques, acquire the resources
So far many of the things you have done will not have cost much money. However, you reach a time when you have to make the final decisions on acquiring the resources you will need going forward. Not doing so in a timely manner can lead to massive failure.
You now need to secure the resources you need to implement the new process. List everything that you’ll need to do this.
Don’t let the current turbulence and volatility in the global marketplace, or new technology affected your business? Small business owners by their very nature are resilient and tough-minded.
To ensure your ability to respond effectively and recover as quickly as possible to any issue that may impact your business, proper planning and preparations on how to deal with demanding times need to be taken.
On many occasions, I have assisted in creating sound plans for people, only to watch them start to procrastinate. They were very gung-ho when we were writing the plan. But, when it came time to raise the funds and write out the cheques, they became very reluctant to take the actions required to make things start to happen.
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Take responsibility for your actions. Your ability to make progress is often directly related to your willingness to take responsibility for your actions. Massive failure is generally a result of inaction, procrastination or not being aware of the trends and issues.
Some of the things I use to avoid massive failures:
- Planning a clear direction for your future.
- Do what you love doing and are good at doing.
- Outsource where ever it makes good business sense.
- Identify problems, frustrations wants and needs
- Identify and act on sources of insecurity.
- Keep your expectations realistic.
- Believe in yourself and your success.
- Study the trends and issues in the marketplace.
- Always work to your strengths.
- Be prepared to take massive action when you need to.
- Never lean on your own understanding.