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Is Limited Thinking Sabotaging Your Business’s Success? 7 Tips To Turn Old Ideas In To New Ones
While we rested until last year and looked to a new year with renewed hope and dynamism, now is as good a time as any to reflect on the successes and failures of the past years. gone. When I reflect I ask you to dig deep into last year’s failures and look for the root cause.
Many people will blame it on a poor economy, lack of clients, less opportunities, changing regulations or finances, you name it, the past few years have provided ample opportunity for big excuses and various reasons. That may not sit well with some of you but let’s face it, despite the sick economy, bad housing market, financial crisis, and various other “signs of the great recession” businesses have been making money , expanding and flourishing. . If your business is not one of them I ask you to consider this – “What part did you play in destroying the success of your business?”
This is not an easy question, and it is better to face the truth than the answer. Let’s face it, unless your business has been affected by a natural disaster, war, or government-ordered shutdown, you’ve probably had options and options available to you in the past year to change, expand, and grow your business. grow, whether you realize it or not.
What “ways” of doing business in the old economy have held you back from success in recent months? What old habits have been limiting you from expanding in uncertain economic conditions? What limiting beliefs have made it difficult for you to move forward? As hard as it may be to admit, many of us have had ample opportunity to improve our business and economic situation over the past few years. Unfortunately, a large number of small business owners have been so busy blaming outside circumstances and feeling sorry for themselves that they have missed out on many of the opportunities that would have been available to them. move their business forward and into the new economy.
Even with all the challenges we face, there are plenty of opportunities if you can let go of old habits and ways of thinking and look for ways to take advantage of the current upheaval in the market.
Here are some proven strategies to overcome bad habits and limited thinking and move your business forward despite external market factors.
1. Look to others for insight and help. Regardless of how long you’ve been in business, how well your business has performed, or how much you may “think you know” , surround yourself with other successful business owners and mentors. Challenging situations require high-level thinking, curiosity, multiple perspectives, and creativity. It is much easier and more effective to rely on a team of advisers and friends who can recognize many of the nuances that you may need. Attitude is one of the biggest factors that will help you overcome obstacles, unfortunately no matter how smart you are, how much money you have, or how good you are you could be, you only have one view – your own. To see things from different perspectives trust your circle of influence to provide insight and perspective on where you are, how things look, and where it makes sense to go from here.
2. Embrace new ways of thinking and doing. Most of us have patterns of behavior and habits that have formed over time. These patterns, beliefs and behaviors are often some of the biggest obstacles that stand between where we are now and where we want to be in the future. Recognize that what got you here is most likely not going to get you there and look for ways to change yourself. Take a new route to work, try a new food, read a book that goes against your beliefs, it doesn’t matter what you choose, as long as it goes against what you would normally do. By challenging your habits and patterns and opening yourself up to new experiences you will ultimately open up new paths to new opportunities. Find joy and pleasure in the nuances of new experiences and leave the comforts of practice and knowledge.
3. Revisit past successes. Reflect on past successes and opportunities and look for hidden gems in those experiences. Often as a business grows and stabilizes we get lazy and start to neglect many of the things that made us successful in the first place. Think back and look for habits and behaviors you may have had in the early years of your business and be honest with yourself – are you still working the same way and doing similar things? Are you making so many sales calls, looking for new opportunities, building new relationships? Or are you still trying to keep the ones you have? It is essential that you are honest with what you got here and what you will bring through this next challenge in the end.
4. Thinking. Since the whole system is in chaos right now and nobody knows which way is up, take advantage of it. Everyone has been affected and most people and businesses understand that change is happening rapidly everywhere. Take advantage of the chaos. If you were hesitant to launch a new product or open a new market because existing clients might question your motives – GO FOR IT. Most critical eyes have become more understanding as the performance has begun – to survive in the coming years you must be able to change quickly, change constantly, and try new things. This is the best time to try a new product, open a branch, or explore a new opportunity. I advise against throwing money around randomly, but if an idea seems viable after careful analysis and consideration, now is the time to test it.
5. Face Your Demons. Are you afraid of what lies ahead? Not sure what to do? Not sure of yourself and where your future lies? There’s never been a better time to reflect on who you are, where you’re headed, and why you want to go there. Open yourself up to consider what you really intend to do with your life and how your business can give you that opportunity. Embrace the uncertainty you face each day and use it as an ever-changing opportunity for personal growth and development. Look for the things in your life that have bothered you more than most and you may find the area you want to focus on. Relationships, money, discipline, religion, politics, what area of your life is most controversial or alienating to you. Start there.
6. Plan a road map. After all the aforementioned thinking, reflection and analysis, formulate a plan. What have you learned? Where do you need to improve? Where do you want to go? What skills do you need to develop?/ Who is going to help you be successful? Start putting together a plan for who, what, when, where, how, and most importantly why. The bigger your WHY – the reason you want to succeed – the easier everything else will come. Begin with the end in mind – determine why, why do you do what you do? Why do you want to go from here to there? Once you have that decision, put together a plan that will take you from your current situation now to the ideal situation you envision in the future.
7. Don’t take it alone. Get support from family, friends, and business partners. Confidence support is one of the greatest assets you can use in your desire to move forward. Discuss your goals and objectives with 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 vision and aspirations with as many people as possible who will listen and look for their ideas and feedback. Create a plan based on the conversations you have and incorporate the feedback you receive in your business and everyday life.
In the end the biggest obstacles we face in life are our own limitations and beliefs that are placed before us. Use these 7 strategies to build momentum in your business and ultimately get you moving from here to where you want to be.
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