Don’t Let Setbacks Stop You!
During the Olympics when a favoured team lost a game, the opportunity to learn from this set back was discussed by the commentators almost every time. Why? Because every setback or obstacle you face as an athlete, business owner or as a person is an opportunity to learn, implement adjustments and change the momentum.
Prepare to Learn
Preparation is key to achieving success in business. As a business owner, you have goals of what you want your business to achieve, and how you will implement your action plan. Unfortunately, just like Olympians, life doesn’t always go as planned – no matter how much experience (or training) you have.
Setbacks do occur. When they do, are you open to the feedback they provide? Are you ready to learn new methods, skills or information? When I work with my clients, we use these times to dig deep and explore what happened, what factors influenced the outcome and we identify the changes and opportunities that are needed to move forward once again. When you are open to learning from your set-backs, another world opens to you.
The only source of knowledge is experience. Albert Einstein
After learning from your set-backs, it’s time to put the knowledge you gained to work for you. As Mark Twain said,
If you do what you’ve always done, you’ll get what you always got.
So… what changes are necessary to get a different result?
Many times, the changes we need to make are minor yet have a significant impact on the outcome. If your marketing collateral isn’t attracting your ideal client, rewording your messages can shift who connects with you and your product/service. Are you responding to requests in a timely manner? If not, is it time to hire an assistant? Is cash flow preventing you from taking advantage of opportunities? How can you speed up account receivables so you can leverage this income to expand your business?
Business happens at a fast pace. You need to be able to shift gears quickly. This entails making quick decisions, communicating changes to others effectively and leading the way. If you aren’t leading your business, who is?
Setbacks can take the wind out of your sails but this is the time when you have to push back. Your goals, original and revised action plans, and a positive mindset plus determination to succeed are critical components in the momentum shift.
Business systems are another fundamental component. Do you have business systems that allow you, and your team, to effectively and efficiently be creative, perform tasks, implement changes, respond to customers or your environment? Are these systems expandable? If you want faster results, don’t walk your path alone. The proverb,
Many minds make light work
reinforces the value of connecting with others in the pursuit of your goals. Whether you have a mentor, business coach, peer mentor group or a team in your business who are all aligned on your success, you will be better prepared to create, implement, react to the ups and downs of your business.