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Is Limited Thinking Sabotaging Your Business’s Success? 7 Tips To Turn Old Ideas In To New Ones
As we put the last year to rest and look to the new year with hope and renewed energy, now is as good a time as any to reflect on the successes and failures of the past years. When reflecting, I ask you to carefully examine the failures of the past year and really look for the root cause.
Many people will blame a poor economy, lack of clients, reduced opportunities, changes in regulations or financing, you name it, these past few years have provided ample opportunity for great excuses. and various reasons. That may not sound good to some of you but let’s face it, despite the ailing economy, poor housing market, financial crisis, and many other “symptoms of the Great Recession” there are businesses that are making money, expanding , and succeeded. . If your business is not one of them I ask you to consider this – “What is your role in sabotaging the success of your business?”
This is not an easy question, and facing the truth of the answer is not better. Let’s face it, unless your business has been affected by a natural disaster, war, or government-ordered shutdown, you probably have options and options available to you in the past year to change, expand, and grow your business, know- it’s yours or not.
What “ways” of doing business in the old economy have prevented you from succeeding in the last few months? What old habits are preventing you from progressing in a changing economic climate of uncertainty? What limiting beliefs are making it difficult for you to move forward? As hard as it is to admit, many of us have had ample opportunity to improve our business and economic situation over the past few years. Unfortunately, many small business owners are so busy blaming external circumstances and feeling sorry for themselves that they miss out on many opportunities that could propel their business forward and into the new economy.
Despite the challenges we face today, opportunities abound if you can let go of old habits and ways of thinking and find ways to take advantage of the current market turmoil.
Here are some proven strategies to overcome bad habits and limited thinking and push your business forward despite any outside market factors.
1. Look to others for insight and help. It doesn’t matter how long you’ve been in business, how well your business is doing, or how much you currently “think you know”, surround yourself with other successful business owners. in business and advisors. Challenging situations require a high level of thinking, curiosity, multiple points of view, and creativity. It is easier and more efficient to rely on a group of advisors and friends who can teach you many nuances that you may be missing. Vision is one of the biggest factors that can help you overcome obstacles, unfortunately no matter how smart you are, how much money you have, or how good you are, you only have one arrow -well – yourself. To see things from different perspectives relies on your circle of influence to provide perspective and perspective on where you are, how things look, and where it makes sense to go from here.
2. Adopt new ways of thinking and doing. Most of us have behavioral patterns and habits that have been formed over time. These patterns, beliefs, and behaviors are often some of the biggest obstacles that stand between where we are today and where we want to be in the future. Recognize that what got you here probably won’t get you there and find ways to change yourself. Take a new route to work, try a new diet, read a book that goes against your beliefs, it doesn’t matter what you choose, as long as it’s different from what you normally do. By challenging your habits and patterns and opening yourself up to new experiences you will eventually open new paths to new opportunities. Find joy and happiness in the nuances of new experiences and leave the comfort of nature and familiarity.
3. Repeat past success. Reflect on past successes and opportunities and look for hidden gems of experiences. Often times as the business grows and strengthens we become lazy and start neglecting many of the things that brought us success in the first place. Think again and look for the behaviors and attitudes you may have adopted in the early years of your business and be honest with yourself – are you acting the same way and doing the same things? Are you making more sales calls, looking for new opportunities, building new relationships? Or are you still trying to hold on to the ones you have? It’s important to be honest about what got you here and what will get you through this next challenge.
4. Brainstorm. Since the whole system is now in chaos and no one knows which way is up, take advantage of it. Everyone is affected and most people and businesses now understand that change is happening rapidly everywhere. Enjoy the chaos. If you hesitate to launch a new product or open a new market because current clients may question your motives – GO FOR IT. Most critical eyes become more discerning as the realization begins – to survive in the coming years you must be able to adapt quickly, change often, and try new things. Now is the best time to try a new product, open a branch, or explore a new opportunity. I advise against throwing money at random, but if after careful analysis and consideration an idea seems feasible, now is the time to try it.
5. Face Your Demons. Are you afraid of the future? Not sure what to do? Not sure of yourself and where your future lies? There has never been a better time to reflect on who you are, where you are going, and why you want to go there. Open yourself up to consider what you really want to do with your life and how you can give your business that opportunity. Embrace the uncertainty you face every day and use it as an ever-changing opportunity for personal growth and development. Find the things in your life that make you angry more than most and you may have found the area you want to focus on. Relationships, money, control, religion, politics, what part of your life is the most confrontational or off limits for you. Start there.
6. Design a road map. After all the aforementioned thinking, reflection, and analysis, make a plan. What did you learn? Where do you need to improve? Where do you want to go? What skills do you need to develop?/ Who will help you succeed? Start making a plan for the who, what, when, where, how, and most importantly why. The bigger your WHY – the reason you want to succeed – the easier everything will be. Start with the end in mind – know your why, why do you do what you do? Why do you want to go from here to there? Once you’ve made that determination, create a plan that will get you from your current situation to the ideal scenario you envision for the future.
7. Don’t Be Alone. Enlist the support of family, friends, and business associates. Moral support is one of the greatest assets you can use in your quest to move forward. Communicate your goals and objectives to the key people in your life and ask them to hold you accountable. Look to those around you to provide external motivation and ultimately to hold you accountable. Share your visions and aspirations with many people who will listen and seek their input and feedback. Create a plan based on the discussions you have and incorporate the feedback you receive into your business and daily life.
Ultimately the biggest obstacles most of us face in life are our own self-imposed limitations and beliefs. Use these 7 strategies to build momentum in your business and ultimately get you from here to where you want to be.
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